TASKUS INC-A (TASK) Stock Technical Analysis
NASDAQ:TASK - Nasdaq - US87652V1098 - Common Stock - Currency: USD
Taking everything into account, TASK scores 7 out of 10 in our technical rating. In the last year, TASK was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
Both the short term and long term trends are positive. This is a very positive sign.
TASK is part of the IT Services industry. There are 82 other stocks in this industry. TASK outperforms 75% of them.
TASK is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
When comparing the yearly performance of all stocks, we notice that TASK is one of the better performing stocks in the market, outperforming 88% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
TASK is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so TASK is lagging the market slightly.
In the last month TASK has a been trading in a tight range between 16.47 and 16.96.
Besides having an excellent technical rating, TASK also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 16.71, a Stop Loss order could be placed below this zone.
More info and screens
11.76
17.20
When analyzing the support we can see 3 important areas.
- A support zone ranging from 16.55 to 16.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @12.97 from a trend line in the weekly time frame.
- Support @11.88 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @17.03 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 | UP | POSITIVE | The short term trend for TASK is up. |
| ChartMill Relative Strength | 88.97 | POSITIVE | TASK has a high relative strength, it outperformed 88.97% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of TASK is above a declining 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) | 64.09 | NEUTRAL | The RSI value for TASK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests TASK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 62.02 | NEUTRAL | The Stochastics value for TASK is a neutral value. |
| Average True Range in percent/ATR (20) | 1.09 | LOW VOLATILITY | The low ATR as a percentage value for TASK suggests low volalility. |
| Average Directional Index/ADX (14) | 40.34 | 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 |
|---|---|---|---|
| 16.74 | 16.54 | 0.20 (1.17%) | 25.00% |
| An entry @16.74. This is a Buy Stop order right above the 10 day moving average. | An exit @16.54. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.20 points, which is 1.17%. | For a 0.29% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of TASK. Please evaluate whether better entry and exit points can be found.
- 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.
16.72
-0.05 (-0.3%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg-0.3%
1 Week-0.18%
2 Weeks0.72%
1 Month0%
3 Month22.31%
6 Month-9.43%
12 Month29.51%
2 Year47.7%
3 Year-0.83%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.18
ATR(20)%1.09%
ATR Inc13.89%
Range Today0.2
ADR(20)0.18
ADR(20)%1.09%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.97
Mansfield0.93
10 Day High16.85
10 Day Low16.54
20 Day High16.96
20 Day Low16.47
52 Week High19.6
52 Week Low10.57
CS1 End16.71
CR1 Start17.03
Volume & EV
DER(3)-4.38%
DER(5)-3.12%
Volume261.50K
Volume Incr-76.85%
Vol(5)207.20K
Vol(50)537.61K