TAL Share Price: Chinese Holding Company Offering After-School Education to Primary and Secondary School Students
TAL share price today is 19.41 USD with a volume of 12,962,457. At the same time, its chart fluctuates between 19.09 USD – 21.05 USD. TAL share price a most of 90.96 USD and at the least 19.09 USD 1 year. The average volume of the stock is 12,990,201 and it is ranked 12.517B in the MarketCap listings. The target point of TAL share price at the end of 1 year is 63.38 USD.
Analysis of TAL Share Price
TAL share price has dropped 6.64% in the last day. After this decline, the price dropped from $20.79 to $19.41. With this day, the stock continues to fall for 6 consecutive days. During the day, the stock fluctuated 10.27% from the day’s low of $19.09 to a one-day high of $21.05. The price has fallen 7 of the last 10 days. There was a total decrease of 14.76% for this period.
Volume fell, following the stock. The fact that the volume follows the stock price is a great advantage and a good technical analysis result. On the last day, 13 million shares were traded for approximately 254.19 million dollars, with a decrease of 7 million shares in trading volume.
The stock is at the top of a very broad and downtrend in the short term. Also, we expect a reaction towards the bottom of the trend. This normally means a good selling opportunity for short-term investors. We see a breakout of the top trendline at $21.49. This primarily points to a slower rate of decline. But it can also be the first sign of a trend change.
Considering the current short-term trend, we think the stock could drop 69.42% over the next 3 months. At the end of this 3-month period, another estimate is that TAL share price will hold a price between $3.18 and $6.57. If the stock price is able to maintain its current level, or if it can rise to higher levels and stay there, all the negative results will turn positive in an instant.
Summary of TAL Share
TAL share price has a buy signal at the 3-month Moving Average Convergence Divergence. We have some negative signals for the stock. These negative signals may have some impact on the near short-term development. TAL share price has sell signals for both short and long-term trades. This situation causes us to reach more negative results for the stock. In addition, the long-term average is above the short-term average. Therefore, we see a general sell signal from the relationship between the two signals.
On the upside, we see resistance points on the lines at $22.88 and $30.64 each. If the stock price manages to stay above these levels, it’s a buy signal. We received a sell signal from the pivot peak on June 29, 2021. On top of that, it has dropped 23.64% so far. It may experience further declines until a new low pivot. Volume fell on the last trading day, following the price. This is a positive technical analysis result for a stock because it reduces risk.
Should You Buy TAL Share
There is no accumulated volume below the current level for TAL share price. As a result of continuing in this way, the coming days may be bad for this stock. This stock price fluctuates quite a lot during the day.
Considered very risky over a wide range of forecasts from the Bollinger Band, the stock has moved between the maximum and minimum at $1.96 and 10.27% over the past day. Last week, that rate experienced 7.97% volatility. There is no stop-loss recommended by analysts for this stock. This is because the stock has negative signals.
TAL share price has both negative signals and is in a falling trend, so it doesn’t look like it will perform well in the coming period. We cannot make a positive comment about the stock. There is no stop-loss recommended by analysts for this stock. This is because the stock has negative signals.