TASEKO MINES LTD (TGB) Stock Technical Analysis
USA - NYSEARCA:TGB - CA8765111064 - Common Stock
4.16 USD
+0.05 (+1.22%)
4.16 USD
0 (0%)
Taking everything into account, TGB scores 9 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.
TGB is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
TGB is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
TGB has an average volume of 3997580 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that TGB is one of the better performing stocks in the market, outperforming 88% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
TGB is an average performer in the Metals & Mining industry, it outperforms 45% of 156 stocks in the same industry.
TGB has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 4.10, a Stop Loss order could be placed below this zone.
More info and screens
3.28
4.20
3 important support areas can be observed.
- A support zone ranging from 4.10 to 4.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 3.57 to 3.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.31 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 | 88.55 | POSITIVE | TGB has a high relative strength, it outperformed 88.55% 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) | 70.6 | OVERBOUGHT | The high RSI value suggests TGB may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests TGB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.9 | NEUTRAL | The Stochastics value for TGB is a neutral value. |
| Average True Range in percent/ATR (20) | 3.87 | MEDIUM VOLATILITY | The ATR as a percentage value for TGB suggests some volalility. |
| Average Directional Index/ADX (14) | 55.09 | POSITIVE | The high ADX value value for TGB suggests a strong 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 4.33 | 4.09 | 0.24 (5.54%) | 18.04% |
| An entry @4.33. This is a Buy Stop order right above the 10 day high. | An exit @4.09. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.24 points, which is 5.54%. | For a 1.00% total portfolio risk, you can invest 18.04% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of TGB. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
4.16
+0.05 (+1.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg1.22%
1 Week-2.84%
2 Weeks8.44%
1 Month18.79%
3 Month14.48%
6 Month107.58%
12 Month63.1%
2 Year280.56%
3 Year260.53%
5 Year339.24%
10 Year738.78%
15 Year-34.87%
Volatility
ATR(14)0.17
ATR(20)%3.87%
ATR Inc-19.78%
Range Today0.17
ADR(20)0.15
ADR(20)%3.65%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.55
Mansfield4.4
10 Day High4.32
10 Day Low3.72
20 Day High4.32
20 Day Low3.37
52 Week High4.32
52 Week Low1.67
CS1 End4.1
CR1 StartN/A
Volume & EV
DER(3)-4.85%
DER(5)-6.84%
Volume4.35M
Volume Incr22.11%
Vol(5)4.62M
Vol(50)4.00M