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. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, TASK is only an average performer.
The long and short term trends are both positive. This is looking good!
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.
When compared to the yearly performance of all other stocks, TASK outperforms 53% of them, which is more or less in line with the market.
TASK is an average performer in the IT Services industry, it outperforms 61% of 82 stocks in the same industry.
In the last month TASK has a been trading in a tight range between 16.82 and 17.23.
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 17.01, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
11.76
17.22
We found 5 important support areas.
- A support zone ranging from 16.87 to 17.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 16.55 to 16.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @13.41 from a trend line in the weekly time frame.
- Support @13.01 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.
- A resistance zone ranging from 17.03 to 17.05. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 53.08 | NEUTRAL | TASK is not amongst the best or worst performers 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) | 55.65 | NEUTRAL | The RSI value for TASK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests TASK has a negative trend. |
| Stochastics (14,3) | 29.42 | NEUTRAL | The Stochastics value for TASK is a neutral value. |
| Average True Range in percent/ATR (20) | 0.68 | LOW VOLATILITY | The low ATR as a percentage value for TASK suggests low volalility. |
| Average Directional Index/ADX (14) | 53.82 | 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 |
|---|---|---|---|
| 17.06 | 16.99 | 0.07 (0.41%) | 25.00% |
| An entry @17.06. This is a Buy Stop order right above the resistance zone. | An exit @16.99. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.07 points, which is 0.41%. | For a 0.10% 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.
17.02
-0.03 (-0.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg-0.18%
1 Week-0.12%
2 Weeks-0.47%
1 Month1.01%
3 Month1.01%
6 Month3.78%
12 Month10.16%
2 Year71.92%
3 Year14.38%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.08
ATR(20)%0.68%
ATR Inc10%
Range Today0.08
ADR(20)0.11
ADR(20)%0.65%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS53.08
Mansfield0.52
10 Day High17.14
10 Day Low17
20 Day High17.23
20 Day Low16.82
52 Week High19.6
52 Week Low10.57
CS1 End17.01
CR1 Start17.03
Volume & EV
DER(3)-3.82%
DER(5)-2.18%
Volume124.10K
Volume Incr21.17%
Vol(5)203.34K
Vol(50)230.17K