TALOS ENERGY INC (TALO) Stock Technical Analysis
NYSE:TALO • US87484T1088
Taking everything into account, TALO scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, TALO is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, TALO did better than 85% of all other stocks. On top of that, TALO also shows a nice and consistent pattern of rising prices.
- TALO is part of the Oil, Gas & Consumable Fuels industry. There are 206 other stocks in this industry. TALO outperforms 74% of them.
- TALO is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month TALO has a been trading in the 11.30 - 13.85 range, which is quite wide. It is currently trading near the high of this range.
- TALO has an average volume of 1959360 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, TALO also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 13.52. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for TALO in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
9.04
We found 4 important support areas.
- A support zone ranging from 12.53 to 12.59. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 11.70 to 11.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @11.05 from a trend line in the daily time frame.
- A support zone ranging from 9.13 to 9.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 13.52 to 13.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for TALO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TALO is up. |
| ChartMill Relative Strength | 85.92 | POSITIVE | TALO has a high relative strength, it outperformed 85.92% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TALO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TALO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TALO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.74 | NEUTRAL | The RSI value for TALO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests TALO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.98 | OVERBOUGHT | The high Stochastics value suggests TALO may be overbought. |
| Average True Range in percent/ATR (20) | 4.25 | MEDIUM VOLATILITY | The ATR as a percentage value for TALO suggests some volalility. |
| Average Directional Index/ADX (14) | 28.26 | POSITIVE | The high ADX value value for TALO suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 13.71 | 12.52 | 1.19 (8.68%) | 11.52% |
| An entry @13.71. This is a Buy Stop order right above the resistance zone. | An exit @12.52. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.19 points, which is 8.68%. | For a 1.00% total portfolio risk, you can invest 11.52% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
13.14
-0.37 (-2.74%)
TALOS ENERGY INC / TALO FAQ
What is the technical rating for TALO stock?
ChartMill assigns a technical rating of 10 / 10 to TALO.
What is the current trend direction of TALOS ENERGY INC (TALO) stock?
The current trend direction for TALOS ENERGY INC (TALO) is Bullish.
What is the RSI signal for TALOS ENERGY INC (TALO) stock?
TALOS ENERGY INC (TALO) has an RSI value of 57.7351. This indicates that the stock is currently neutral.
Can you provide the MACD signal for TALOS ENERGY INC?
The MACD indicator for TALOS ENERGY INC (TALO) has a value of 0.053489, indicating a bearish trend.
Can you provide the buy/sell signal for TALOS ENERGY INC?
The buy/sell signal for TALOS ENERGY INC (TALO) is buy as both the short term and long term trends are positive.