TALOS ENERGY INC (TALO) Technical Analysis
NYSE:TALO • US87484T1088
Current stock price
TALO Technical Rating and Analysis
Overall TALO gets a technical rating of 10 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.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that TALO is one of the better performing stocks in the market, outperforming 92% of all 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 209 other stocks in this industry. TALO outperforms 84% of them.
- TALO is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so TALO is lagging the market slightly.
- TALO has an average volume of 2584440 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month TALO has a been trading in the 12.47 - 16.96 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
TALO Weekly and Daily overview Charts
TALO Setup Rating and Analysis
Although TALO has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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TALO Support and Resistance Analysis
12.17
We found 4 important support areas.
- A support zone ranging from 13.80 to 13.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 13.49 to 13.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @12.90 from a trend line in the weekly time frame.
- Support @12.29 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 16.57 to 16.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
TALO Technical Indicator Signal Analysis
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 | 92.76 | POSITIVE | TALO has a high relative strength, it outperformed 92.76% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TALO is below a declining 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) | 52.01 | NEUTRAL | The RSI value for TALO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests TALO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 63.27 | NEUTRAL | The Stochastics value for TALO is a neutral value. |
| Average True Range in percent/ATR (20) | 5.73 | HIGH VOLATILITY | The high ATR as a percentage value for TALO suggests high volalility. |
| Average Directional Index/ADX (14) | 21.49 | NEUTRAL | The ADX value for TALO suggests a possible start of a new trend. |
TALO Chart- and CandleStick Pattern Analysis
TALO Technicals: Chart, Performance Metrics, Trend & Indicators
14.9
-0.33 (-2.17%)
TALOS ENERGY INC / TALO TA 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 TALO stock?
TALOS ENERGY INC (TALO) has an RSI value of 52.0083. This indicates that the stock is currently neutral.
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.
Can you provide the support and resistance levels for TALOS ENERGY INC?
TALOS ENERGY INC (TALO) has a support level at 13.91 and a resistance level at 16.57. Check the full technical report for our detailed analysis of TALO support and resistance levels.