TALOS ENERGY INC (TALO) Stock Technical Analysis
USA - NYSE:TALO - US87484T1088 - Common Stock
Taking everything into account, TALO scores 4 out of 10 in our technical rating. TALO performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
Although the technical rating is only medium, TALO does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 10.22. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 9.26, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for TALO in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
7.85
We found 5 important support areas.
- A support zone ranging from 9.10 to 9.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 8.92 to 8.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.48 from a trend line in the daily time frame.
- Support @8.19 from a trend line in the weekly time frame.
- Support @7.93 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 10.22 to 10.25. 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 | NEUTRAL | NEUTRAL | The long term trend for TALO is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TALO is neutral. |
| ChartMill Relative Strength | 26.11 | NEGATIVE | TALO has a low relative strength, it was outperformed by 73.89% 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) | DOWN | MIXED | The current price of TALO is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.97 | NEUTRAL | The RSI value for TALO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests TALO has a negative trend. |
| Stochastics (14,3) | 47.94 | NEUTRAL | The Stochastics value for TALO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.91 | MEDIUM VOLATILITY | The ATR as a percentage value for TALO suggests some volalility. |
| Average Directional Index/ADX (14) | 15.99 | NEGATIVE | The low ADX value for TALO suggests a weak or negative trend. |
9.45
-0.27 (-2.78%)