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.
TASK has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 11.62, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for TASK in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
11.05
We found 2 important support areas.
- A support zone ranging from 11.38 to 11.62. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @11.16 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 12.52 to 12.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @16.88 from a horizontal line in the daily time frame.
- Resistance @17.86 from a trend line in the weekly 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 | DOWN | NEGATIVE | The long term trend for TASK is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TASK is neutral. |
| ChartMill Relative Strength | 15.12 | NEGATIVE | TASK has a low relative strength, it was outperformed by 84.88% 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) | 48.08 | NEUTRAL | The RSI value for TASK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests TASK has a positive trend. |
| Stochastics (14,3) | 63.69 | NEUTRAL | The Stochastics value for TASK is a neutral value. |
| Average True Range in percent/ATR (20) | 2.81 | MEDIUM VOLATILITY | The ATR as a percentage value for TASK suggests some volalility. |
| Average Directional Index/ADX (14) | 13.48 | NEGATIVE | The low ADX value for TASK suggests a weak or negative trend. |
11.73
-0.14 (-1.18%)
TASKUS INC-A / TASK 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 TASKUS INC-A (TASK) stock?
TASKUS INC-A (TASK) has an RSI value of 48.0835. This indicates that the stock is currently neutral.
What is the MACD signal for TASKUS INC-A (TASK) stock?
The MACD indicator for TASKUS INC-A (TASK) has a value of 0.051846, indicating a bearish trend.
Can you provide the short term momentum for TASKUS INC-A?
The short term momentum for TASKUS INC-A (TASK) is neutral.