TASKUS INC-A (TASK) Stock Technical Analysis
USA - NASDAQ:TASK - US87652V1098 - Common Stock
17.55 USD
-0.04 (-0.23%)
17.56 USD
+0.01 (+0.06%)
Overall TASK gets a technical rating of 7 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, TASK is showing a nice and steady performance.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
Looking at the yearly performance, TASK did better than 79% of all other stocks.
TASK 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 TASK is lagging the market slightly.
In the last month TASK has a been trading in the 17.05 - 18.39 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
TASK is part of the IT Services industry. There are 86 other stocks in this industry, TASK did better than 63% of them.
Volume is considerably higher in the last couple of days.
TASK has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 17.48, a Stop Loss order could be placed below this zone. 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
13.07
18.64
When analyzing the support we can see 3 important areas.
- A support zone ranging from 17.03 to 17.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @16.60 from a horizontal line in the daily time frame.
- Support @13.20 from a trend line in the weekly time frame.
We found 1 important resistance area.
- Resistance @18.46 from a horizontal line in the daily 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 | UP | POSITIVE | The long term trend for TASK is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TASK is neutral. |
| ChartMill Relative Strength | 79.23 | POSITIVE | TASK has a high relative strength, it outperformed 79.23% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of TASK is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TASK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TASK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.78 | NEUTRAL | The RSI value for TASK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests TASK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 37.56 | NEUTRAL | The Stochastics value for TASK is a neutral value. |
| Average True Range in percent/ATR (20) | 1.62 | LOW VOLATILITY | The low ATR as a percentage value for TASK suggests low volalility. |
| Average Directional Index/ADX (14) | 40.46 | POSITIVE | The high ADX value value for TASK 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)
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 |
|---|---|---|---|
| 17.60 | 17.04 | 0.56 (3.20%) | 25.00% |
| An entry @17.60. This is a Buy Stop order right above the 10 day moving average. | An exit @17.04. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.56 points, which is 3.20%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.80%. |
- 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.
17.55
-0.04 (-0.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg-0.23%
1 Week0.92%
2 Weeks-2.45%
1 Month1.21%
3 Month5.28%
6 Month31.17%
12 Month38.95%
2 Year69.08%
3 Year9.01%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.31
ATR(20)%1.62%
ATR Inc-13.01%
Range Today0.25
ADR(20)0.26
ADR(20)%1.47%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.23
Mansfield0.2
10 Day High18.39
10 Day Low17.05
20 Day High18.39
20 Day Low17.05
52 Week High19.6
52 Week Low10.57
CS1 End17.48
CR1 Start18.46
Volume & EV
DER(3)-2.58%
DER(5)-2.8%
Volume844.30K
Volume Incr24.85%
Vol(5)549.76K
Vol(50)334.71K