TALOS ENERGY INC (TALO) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TALO - US87484T1088 - Common Stock
Overall TALO gets a technical rating of 9 out of 10. 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.
Besides having an excellent technical rating, TALO also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 11.86. Right above this resistance zone may be a good entry point.
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7.85
We found 7 important support areas.
- A support zone ranging from 11.14 to 11.26. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @9.86 from a trend line in the daily time frame.
- Support @9.29 from a trend line in the daily time frame.
- Support @9.13 from a horizontal line in the daily time frame.
- Support @8.93 from a horizontal line in the daily time frame.
- Support @8.65 from a trend line in the weekly time frame.
- Support @7.93 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 11.86 to 11.86. 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 | 85.35 | POSITIVE | TALO has a high relative strength, it outperformed 85.35% 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) | 67.61 | NEUTRAL | The RSI value for TALO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests TALO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.89 | NEUTRAL | The Stochastics value for TALO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.73 | MEDIUM VOLATILITY | The ATR as a percentage value for TALO suggests some volalility. |
| Average Directional Index/ADX (14) | 35.85 | 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 |
|---|---|---|---|
| 11.87 | 11.13 | 0.74 (6.23%) | 16.04% |
| An entry @11.87. This is a Buy Stop order right above the resistance zone. | An exit @11.13. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.74 points, which is 6.23%. | When investing 16.04% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
11.85
+0.26 (+2.24%)
TALOS ENERGY INC / TALO FAQ
What is the technical rating for TALO stock?
ChartMill assigns a technical rating of 9 / 10 to TALO.
Can you provide the trend direction for TALOS ENERGY INC?
The current trend direction for TALOS ENERGY INC (TALO) is Bullish.
Can you provide the RSI signal for TALOS ENERGY INC?
TALOS ENERGY INC (TALO) has an RSI value of 67.6061. This indicates that the stock is currently neutral.
What is the short term momentum for TALO stock?
The short term momentum for TALOS ENERGY INC (TALO) is positive.
What is the buy/sell signal for TALO stock?
The buy/sell signal for TALOS ENERGY INC (TALO) is buy as both the short term and long term trends are positive.