TASEKO MINES LTD (TGB) Stock Technical Analysis
NYSEARCA:TGB - NYSE Arca - CA8765111064 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to TGB. TGB performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
When comparing the yearly performance of all stocks, TGB is a bad performer in the overall market: 71% of all stocks are doing better.
TGB is one of the lesser performing stocks in the Metals & Mining industry. 64% of 154 stocks in the same industry do better.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
TGB has an average volume of 13857800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
TGB is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so TGB is lagging the market slightly.
In the last month TGB has a been trading in the 1.89 - 2.39 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, TGB does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 2.09, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for TGB 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
1.88
2.59
We found 2 important support areas.
- A support zone ranging from 2.06 to 2.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.90 to 1.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 2.25 to 2.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 2.38 to 2.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.47 from a trend line in the daily time frame.
- Resistance @2.56 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 | NEUTRAL | NEUTRAL | The long term trend for TGB is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TGB is neutral. |
| ChartMill Relative Strength | 29.5 | NEGATIVE | TGB has a low relative strength, it was outperformed by 70.5% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of TGB is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of TGB is above a declining 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) | 55.05 | NEUTRAL | The RSI value for TGB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests TGB has a positive trend. |
| Stochastics (14,3) | 72.6 | NEUTRAL | The Stochastics value for TGB is a neutral value. |
| Average True Range in percent/ATR (20) | 4.61 | MEDIUM VOLATILITY | The ATR as a percentage value for TGB suggests some volalility. |
| Average Directional Index/ADX (14) | 11 | NEGATIVE | The low ADX value for TGB suggests a weak or negative 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)
2.15
+0.08 (+3.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg3.86%
1 Week6.97%
2 Weeks6.44%
1 Month-5.7%
3 Month4.88%
6 Month3.37%
12 Month-24.56%
2 Year74.8%
3 Year35.22%
5 Year441.43%
10 Year230.77%
15 Year-59.51%
Volatility
ATR(14)0.09
ATR(20)%4.61%
ATR Inc-1.42%
Range Today0.09
ADR(20)0.09
ADR(20)%4.31%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS29.5
Mansfield-0.39
10 Day High2.16
10 Day Low1.96
20 Day High2.39
20 Day Low1.89
52 Week High3.03
52 Week Low1.67
CS1 End2.09
CR1 Start2.25
Volume & EV
DER(3)4.3%
DER(5)1.76%
Volume9.87M
Volume Incr-36.97%
Vol(5)7.66M
Vol(50)13.86M