Taking everything into account, TGB scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, TGB is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, TGB did better than 98% of all other stocks. On top of that, TGB also shows a nice and consistent pattern of rising prices.
- TGB is part of the Metals & Mining industry. There are 156 other stocks in this industry. TGB outperforms 89% of them.
- TGB is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month TGB has a been trading in the 5.49 - 7.73 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- TGB has an average volume of 7021600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although TGB has an excellent technical rating, it does not present a decent entry opportunity 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
5.09
When analyzing the support we can see 2 important areas.
- A support zone ranging from 6.28 to 6.37. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @5.14 from a trend 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 TGB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TGB is up. |
| ChartMill Relative Strength | 98.81 | POSITIVE | TGB has a high relative strength, it outperformed 98.81% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TGB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TGB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TGB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 78.06 | OVERBOUGHT | The high RSI value suggests TGB may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests TGB has a positive trend. |
| Stochastics (14,3) | 87.25 | OVERBOUGHT | The high Stochastics value suggests TGB may be overbought. |
| Average True Range in percent/ATR (20) | 4.66 | MEDIUM VOLATILITY | The ATR as a percentage value for TGB suggests some volalility. |
| Average Directional Index/ADX (14) | 38.85 | POSITIVE | The high ADX value value for TGB suggests a strong trend. |
7.63
+0.43 (+5.97%)
TASEKO MINES LTD / TGB FAQ
What is the ChartMill technical rating of TASEKO MINES LTD (TGB) stock?
ChartMill assigns a technical rating of 10 / 10 to TGB.
What is the current trend direction of TASEKO MINES LTD (TGB) stock?
The current trend direction for TASEKO MINES LTD (TGB) is Bullish.
What is the RSI signal for TASEKO MINES LTD (TGB) stock?
TASEKO MINES LTD (TGB) has an RSI value of 78.0557. This indicates that the stock is currently overbought.
What is the MACD signal for TGB stock?
The MACD indicator for TASEKO MINES LTD (TGB) has a value of 0.0913002, indicating a bearish trend.
Can you provide the support and resistance levels for TASEKO MINES LTD?
TASEKO MINES LTD (TGB) has a support level at 6.37. Check the full technical report for our detailed analysis of TGB support and resistance levels.