TALOS ENERGY INC (TALO) Stock Technical Analysis
NYSE:TALO - New York Stock Exchange, Inc. - US87484T1088 - Common Stock - Currency: USD
Overall TALO gets a technical rating of 5 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. TALO was also a bad performer in the overall market in the last year.
65% of all other stocks performed better in the past year than TALO.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
TALO has an average volume of 2787010 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
TALO is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 47% of 211 stocks in the same industry.
TALO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TALO is lagging the market.
In the last month TALO has a been trading in the 8.19 - 9.85 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
TALO has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. Another positive sign is the recent Pocket Pivot signal.
- 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
7.79
12.27
3 important support areas can be observed.
- Support @9.12 from a trend line in the weekly time frame.
- A support zone ranging from 8.62 to 8.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @7.87 from a horizontal line in the daily time frame.
5 important resistance areas can be observed.
- Resistance @9.23 from a trend line in the daily time frame.
- A resistance zone ranging from 9.38 to 9.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @9.73 from a horizontal line in the daily time frame.
- Resistance @11.24 from a trend line in the weekly time frame.
- Resistance @12.15 from a horizontal line in the weekly time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for TALO is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TALO is up. |
| ChartMill Relative Strength | 35.71 | NEUTRAL | TALO is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of TALO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.42 | NEUTRAL | The RSI value for TALO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests TALO has a positive trend. |
| Stochastics (14,3) | 49.35 | NEUTRAL | The Stochastics value for TALO is a neutral value. |
| Average True Range in percent/ATR (20) | 4.08 | MEDIUM VOLATILITY | The ATR as a percentage value for TALO suggests some volalility. |
| Average Directional Index/ADX (14) | 30.97 | POSITIVE | The high ADX value value for TALO suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
9.13
+0.1 (+1.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg1.11%
1 Week5.31%
2 Weeks6.04%
1 Month1.22%
3 Month27.34%
6 Month-14.19%
12 Month-23.79%
2 Year-42.94%
3 Year-51.82%
5 Year34.07%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.38
ATR(20)%4.08%
ATR Inc-10.94%
Range Today0.22
ADR(20)0.37
ADR(20)%4.01%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS35.71
Mansfield-1.33
10 Day High9.21
10 Day Low8.19
20 Day High9.85
20 Day Low8.19
52 Week High12.71
52 Week Low6.23
CS1 End9.12
CR1 Start9.23
Volume & EV
DER(3)2.97%
DER(5)2.79%
Volume1.56M
Volume Incr-35.82%
Vol(5)2.54M
Vol(50)2.79M