TASKUS INC-A (TASK) Technical Analysis
NASDAQ:TASK • US87652V1098
Current stock price
TASK Technical Rating and Analysis
Taking everything into account, TASK scores 0 out of 10 in our technical rating. TASK's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, TASK is a bad performer in the overall market: 94% of all stocks are doing better.
- TASK is one of the lesser performing stocks in the IT Services industry. 78% of 88 stocks in the same industry do better.
- TASK is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so TASK is lagging the market.
- In the last month TASK has a been trading in the 6.20 - 11.24 range, which is quite wide. It is currently trading near the lows of this range.
TASK Weekly and Daily overview Charts
TASK Setup Rating and Analysis
The technical rating of TASK is bad and it also does not present a 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
TASK Support and Resistance Analysis
6.87
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 6.95 to 6.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 9.80 to 9.88. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- Resistance @10.73 from a trend line in the daily time frame.
- Resistance @11.16 from a trend line in the daily time frame.
- Resistance @16.90 from a horizontal line in the weekly time frame.
TASK Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The long term trend for TASK is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TASK is down. |
| ChartMill Relative Strength | 6.55 | NEGATIVE | TASK has a low relative strength, it was outperformed by 93.45% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TASK is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TASK is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TASK is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 29.7 | OVERSOLD | The low RSI value suggests TASK may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.38 | NEGATIVE | The MACD value suggests TASK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 13.28 | OVERSOLD | The low Stochastics value suggests TASK may be oversold. |
| Average True Range in percent/ATR (20) | 9.49 | HIGH VOLATILITY | The high ATR as a percentage value for TASK suggests high volalility. |
| Average Directional Index/ADX (14) | 31.02 | POSITIVE | The high ADX value value for TASK suggests a strong trend. |
TASK Chart- and CandleStick Pattern Analysis
TASK Technicals: Chart, Performance Metrics, Trend & Indicators
6.94
+0.07 (+1.02%)
TASKUS INC-A / TASK TA FAQ
What is the technical rating for TASK stock?
ChartMill assigns a technical rating of 0 / 10 to TASK.
What is the trend direction for TASK stock?
The current trend direction for TASKUS INC-A (TASK) is Bearish.
What is the RSI signal for TASK stock?
TASKUS INC-A (TASK) has an RSI value of 29.6969. This indicates that the stock is currently oversold.
What is the MACD signal for TASK stock?
The MACD indicator for TASKUS INC-A (TASK) has a value of -0.382173, indicating a bearish trend.
What is the support and resistance level for TASK stock?
TASKUS INC-A (TASK) has a resistance level at 6.95. Check the full technical report for our detailed analysis of TASK support and resistance levels.