TASKUS INC-A (TASK) Stock Technical Analysis
NASDAQ:TASK - Nasdaq - US87652V1098 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to TASK. 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.
Both the short term and long term trends are positive. This is a very positive sign.
TASK is one of the better performing stocks in the IT Services industry, it outperforms 70% of 82 stocks in the same industry.
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 comparing the yearly performance of all stocks, we notice that TASK is one of the better performing stocks in the market, outperforming 76% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
In the last month TASK has a been trading in a tight range between 16.60 and 17.13.
Considerably lower volume is observed in the last couple of days.
Although TASK has an excellent technical rating, it 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
11.76
17.27
4 important support areas can be observed.
- A support zone ranging from 16.26 to 17.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @13.24 from a trend line in the weekly time frame.
- Support @12.77 from a trend line in the weekly time frame.
- Support @11.88 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 | 76.16 | POSITIVE | TASK has a high relative strength, it outperformed 76.16% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TASK is above 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) | 65.76 | NEUTRAL | The RSI value for TASK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests TASK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 80.68 | OVERBOUGHT | The high Stochastics value suggests TASK may be overbought. |
| Average True Range in percent/ATR (20) | 0.87 | LOW VOLATILITY | The low ATR as a percentage value for TASK suggests low volalility. |
| Average Directional Index/ADX (14) | 38.82 | 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)
17.1
+0.26 (+1.54%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg1.54%
1 Week1.18%
2 Weeks2.03%
1 Month1.97%
3 Month31.94%
6 Month1.97%
12 Month5.88%
2 Year41.79%
3 Year-18.69%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.14
ATR(20)%0.87%
ATR Inc47.09%
Range Today0.23
ADR(20)0.14
ADR(20)%0.83%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.16
Mansfield0.64
10 Day High17.13
10 Day Low16.68
20 Day High17.13
20 Day Low16.6
52 Week High19.6
52 Week Low10.57
CS1 End17.03
CR1 StartN/A
Volume & EV
DER(3)2.75%
DER(5)0.82%
Volume229.92K
Volume Incr8.94%
Vol(5)235.71K
Vol(50)491.58K