TALOS ENERGY INC (TALO) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TALO - US87484T1088 - Common Stock
We assign a technical rating of 8 out of 10 to TALO. Although TALO is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- The long and short term trends are both positive. This is looking good!
- TALO is part of the Oil, Gas & Consumable Fuels industry. There are 207 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 10.33 - 12.32 range, which is quite wide. It is currently trading near the high of this range.
- TALO has an average volume of 2010920 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that TALO is one of the better performing stocks in the market, outperforming 77% of all stocks. However, this relatively good performance is mostly due to a recent big move.
Besides having an excellent technical rating, TALO also presents a decent setup pattern. Prices have been consolidating lately. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
8.84
We found 5 important support areas.
- A support zone ranging from 10.83 to 10.91. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- A support zone ranging from 10.43 to 10.57. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @9.38 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 trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 11.65 to 12.15. 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 | 77.48 | POSITIVE | TALO has a high relative strength, it outperformed 77.48% 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) | 54.65 | 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. |
| Stochastics (14,3) | 53 | NEUTRAL | The Stochastics value for TALO is a neutral value. |
| Average True Range in percent/ATR (20) | 4.13 | MEDIUM VOLATILITY | The ATR as a percentage value for TALO suggests some volalility. |
| Average Directional Index/ADX (14) | 19.93 | NEGATIVE | The low ADX value for TALO suggests a weak or negative 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 |
|---|---|---|---|
| 12.16 | 10.82 | 1.34 (11.02%) | 9.07% |
| An entry @12.16. This is a Buy Stop order right above the resistance zone. | An exit @10.82. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.34 points, which is 11.02%. | For a 1.00% total portfolio risk, you can invest 9.07% 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.
11.48
+0.23 (+2.04%)
TALOS ENERGY INC / TALO FAQ
What is the technical rating for TALO stock?
ChartMill assigns a technical rating of 8 / 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 54.6504. 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 0.0305318, 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.