TASK Technical Analysis - TASKUS INC-A

Technical Rating and Analysis

Taking everything into account, TASK scores 0 out of 10 in our technical rating. TASK scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

76% of all other stocks performed better in the past year than TASK.

TASK is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month TASK has a been trading in the 13.09 - 18.09 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.

The long term trend is neutral, but the short term trend is negative. Better to stay away from this!

TASK is part of the IT Services industry. There are 86 other stocks in this industry, TASK did better than 51% of them.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

The technical rating of TASK is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

13.11

18.39

When analyzing the resistance we notice 3 important areas.

A resistance zone ranging from 13.26 to 13.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
A resistance zone ranging from 16.88 to 16.90. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Resistance @18.21 from a horizontal line in the daily time frame.

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What is Support and Resistance

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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	NEUTRAL	NEUTRAL	The long term trend for TASK is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for TASK is down.
ChartMill Relative Strength	24.62	NEGATIVE	TASK has a low relative strength, it was outperformed by 75.38% 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)	10.87	OVERSOLD	The low RSI value suggests TASK may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.49	NEGATIVE	The MACD value suggests TASK has a negative trend.
Stochastics (14,3)	7.64	OVERSOLD	The low Stochastics value suggests TASK may be oversold.
Average True Range in percent/ATR (20)	3.76	MEDIUM VOLATILITY	The ATR as a percentage value for TASK suggests some volalility.
Average Directional Index/ADX (14)	40.93	POSITIVE	The high ADX value value for TASK suggests a strong trend.