TAP (TAP) — Downtrend in force
TAP (TAP) is trading at $36.86, +0.91 (+-67.4%) on the session. Over the last 127 sessions the trend is down with a -17.1% move. Price is -18.2% from its 6-month high and +2.5% from its 6-month low. Annualised volatility (30-day) is ~25%.
Probability scenarios
Bearish bias — 1 bullish, 7 bearish, 0 neutral of 8 signals.
Trend Downtrend in force
TAP (TAP) is trading at $36.86. Over the last 127 sessions the trend is **down** with a -17.1% move.
Price is -18.2% from the 6-month high and +2.5% from the low. Annualised volatility (30-day) is ~25%.
Price is on the 15-day MA ($37.20) and below the 50-day SMA ($40.11).
Bollinger Bands Inside the bands — range-bound
Bollinger Bands (20, 2): price is at $36.86, upper $39.91, middle $37.59, lower $35.27. Price is inside the bands — range-bound.
Bandwidth is 12.3% of price — moderate. Width contraction often precedes a directional breakout; expansion confirms one underway.
RSI (14) Below 50
RSI(14) is 32.5. Momentum has faded; the bullish case needs rebuilding.
Generally: above 70 = overheated, above 50 = bullish trend, below 50 = bearish trend, below 30 = oversold.
MACD (12, 26, 9) Bullish — fast line above signal
MACD (12, 26, 9): line $-1.03, signal $-1.09, histogram +0.062.
The fast line is above the signal line and the histogram is positive — a bullish configuration. Momentum is expanding.
Volume Analysis Distribution — sellers in control
Down-day volume exceeds up-day volume (ratio 0.52). Price falls on heavier volume than it rises on — sellers are more aggressive than buyers.
Rule of thumb: price up on high volume = accumulation; price down on high volume = distribution. Low-volume pullbacks after a rally are usually profit-taking, not panic.
Smart Money (A/D) Smart money distributing
The A/D line is falling and well off highs. If smart money were exiting you would expect lower highs and volume spikes on down days — distribution pressure is building.
A/D combines price position within the day's range with volume: rising = net buying pressure, falling = net selling pressure. It often leads price at turning points.
Anchored VWAP Below anchored VWAP — period buyers underwater
Price ($36.86) is -9.0% below the anchored VWAP ($40.49). Period buyers are underwater — overhead supply tends to cap rallies.
Anchored VWAP is the volume-weighted average from the start of the scraped series — a proxy for the period's average institutional cost basis.
Key Levels 3 resistance / 1 support levels
Current price $36.86. Resistance above: $38.83, $39.73, $40.13. Support below: $35.27.
Watch $38.83 as the first upside level to clear, and $35.27 as the first downside level to hold. A clean break of either often determines the next leg.
Resistance
$38.83
Resistance
$39.73
Resistance
$40.13
Support
$35.27
Signal breakdown
- Trend (6mo) Bearish Linear-regression slope is down (-17.1% over the period).
- Price vs 50-day SMA Bearish Price is below the 50-day SMA ($40.11).
- RSI (14) Bearish RSI 33 — below 50, momentum fading.
- MACD (12,26,9) Bullish Histogram positive (+0.062) — fast line above signal.
- Bollinger %B Bearish Price in the lower half of the bands (%B 0.34).
- Volume profile Bearish Down-day volume exceeds up-day (ratio 0.52) — distribution.
- A/D line Bearish A/D line slope is falling — distribution pressure.
- AVWAP Bearish Price below anchored VWAP ($40.49).
Generated from 127 daily closes in the scraped 6-month OHLCV series (quote data 2026-10-03T17:17:51.875941393Z). Every level, rating, and probability traces to a computed indicator — no commentary is hand-written or fixed per symbol. Recomputed on each page load from the latest scrape.