TASEKO MINES LTD (TGB) Technical Analysis
NYSEARCA:TGB • CA8765111064
Overall TGB gets a technical rating of 9 out of 10. In the last year, TGB was one of the better performers, but we do observe some doubts in the very recent evolution.
- In the last month TGB has a been trading in the 7.13 - 8.91 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.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- Looking at the yearly performance, TGB did better than 98% of all other stocks. We also observe that the gains produced by TGB over the past year are nicely spread over this period.
- TGB is one of the better performing stocks in the Metals & Mining industry, it outperforms 88% of 157 stocks in the same industry.
- TGB is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so TGB is performing more or less in line with the market.
- TGB has an average volume of 7653140 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although TGB 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
7.13
2 important resistance areas can be observed.
- A resistance zone ranging from 8.10 to 8.19. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @8.83 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 TGB is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TGB is neutral. |
| ChartMill Relative Strength | 98.16 | POSITIVE | TGB has a high relative strength, it outperformed 98.16% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TGB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of TGB is below 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) | 42.15 | NEUTRAL | The RSI value for TGB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests TGB has a negative trend. |
| Stochastics (14,3) | 20.08 | NEUTRAL | The Stochastics value for TGB is a neutral value. |
| Average True Range in percent/ATR (20) | 6.98 | HIGH VOLATILITY | The high ATR as a percentage value for TGB suggests high volalility. |
| Average Directional Index/ADX (14) | 28.09 | POSITIVE | The high ADX value value for TGB suggests a strong trend. |
TGB Technicals: Chart, Performance Metrics, Trend & Indicators
7.2
-0.29 (-3.87%)
TASEKO MINES LTD / TGB FAQ
What is the ChartMill technical rating of TASEKO MINES LTD (TGB) stock?
ChartMill assigns a technical rating of 9 / 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 42.1474. This indicates that the stock is currently neutral.
What is the MACD signal for TGB stock?
The MACD indicator for TASEKO MINES LTD (TGB) has a value of -0.158816, indicating a bearish trend.
Can you provide the support and resistance levels for TASEKO MINES LTD?
TASEKO MINES LTD (TGB) has a resistance level at 8.1. Check the full technical report for our detailed analysis of TGB support and resistance levels.