TAOP NEWS why is Taoping Inc. price falling or rising

TAOP NEWS reasons for why stock price of Taoping Inc. is falling or rising

TAOP Taoping Inc is falling or rising technical reasons

Technical analysis forecast for Taoping Inc Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Taoping Inc TAOP at this time. Stock is falling and might fall more.

It appears as if Taoping Inc TAOP gave a large move recently.

Stock of Taoping Inc (TAOP) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Taoping Inc is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 0.5 as stoploss in an intra day buy trade for a target of 0.59. However, stock will show a bearish move below 0.5.

TAOP Taoping Inc is falling or rising NEWS fundamental reasons

More announcements and NEWS

TAOP Taoping Inc. current price & indicator signals

Moving Averages for Taoping Inc.

  • 5Day Average: 0.54
  • 12Day Average: 0.54
  • 20Day Average: 0.58
  • 50Day Average: 0.66
  • 100Day Average: 0.78
  • 150Day Average: 0.92
  • 200Day Average: 1.03

TAOP Indicators & signals

Indicator MACD (12,26,9)

0.55, 0.6, -0.04
Indicator MACD is in negative zone

Indicator ADX (14)

0, 77.78, 77.78
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 58
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of TAOP Taoping Inc. are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
21 Wed Aug 2024 0.54 0.51 to 0.56 0% 0.3 times
20 Tue Aug 2024 0.54 0.51 to 0.57 -1.82% 0.87 times
19 Mon Aug 2024 0.55 0.51 to 0.55 0% 0.58 times
16 Fri Aug 2024 0.55 0.48 to 0.57 5.77% 2.5 times
15 Thu Aug 2024 0.52 0.51 to 0.54 1.96% 0.44 times
14 Wed Aug 2024 0.51 0.49 to 0.53 -1.92% 0.1 times
13 Tue Aug 2024 0.52 0.50 to 0.53 6.12% 0.21 times
12 Mon Aug 2024 0.49 0.45 to 0.56 -3.92% 2.12 times
09 Fri Aug 2024 0.51 0.48 to 0.53 -1.92% 1.47 times
08 Thu Aug 2024 0.52 0.52 to 0.59 -11.86% 1.03 times
07 Wed Aug 2024 0.59 0.58 to 0.63 -1.67% 0.68 times
06 Tue Aug 2024 0.60 0.57 to 0.68 -7.69% 3.17 times

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