TAG OIL LTD (TAO.CA) Stock Technical Analysis
TSX-V:TAO - TSX Venture Exchange - CA87377N2005 - Common Stock - Currency: CAD
We assign a technical rating of 5 out of 10 to TAO. In the past year, TAO was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, TAO is a bad performer in the overall market: 81% of all stocks are doing better.
TAO is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 64% of 212 stocks in the same industry do better.
TAO is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so TAO is lagging the market.
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.
In the last month TAO has a been trading in the 0.10 - 0.17 range, which is quite wide. It is currently trading near the high of this range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
TAO has an average technical rating and it also does not offer a high quality setup 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.
More info and screens
0.08
0.17
When analyzing the support we can see 2 important areas.
- A support zone ranging from 0.14 to 0.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.08 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @0.16 from a trend line in the daily time frame.
- A resistance zone ranging from 0.17 to 0.17. 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 TAO.CA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TAO.CA is up. |
| ChartMill Relative Strength | 19.25 | NEGATIVE | TAO.CA has a low relative strength, it was outperformed by 80.75% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TAO.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TAO.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TAO.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 64.45 | NEUTRAL | The RSI value for TAO.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests TAO.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.92 | NEUTRAL | The Stochastics value for TAO.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 7.1 | HIGH VOLATILITY | The high ATR as a percentage value for TAO.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 27.6 | POSITIVE | The high ADX value value for TAO.CA 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)
TSX-V:TAO (6/20/2025, 7:00:00 PM)
0.155
-0.01 (-3.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-3.12%
1 Week6.9%
2 Weeks29.17%
1 Month34.78%
3 Month40.91%
6 Month14.81%
12 Month-62.2%
2 Year-76.52%
3 Year-51.56%
5 Year34.78%
10 Year-88.85%
15 Year-93.57%
Volatility
ATR(14)0.01
ATR(20)%7.1%
ATR Inc2.94%
Range Today0.01
ADR(20)0.01
ADR(20)%6.94%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS19.25
Mansfield-2.33
10 Day High0.17
10 Day Low0.11
20 Day High0.17
20 Day Low0.11
52 Week High0.41
52 Week Low0.08
CS1 End0.14
CR1 Start0.16
Volume & EV
DER(3)0%
DER(5)0%
Volume279.45K
Volume Incr64.72%
Vol(5)393.37K
Vol(50)406.92K