TASEKO MINES LTD. - 1H - Technical analysis published on 03/18/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 1.96 USD
My targets
2.02 USD (+2.54%)
2.18 USD (+10.66%)
My analysis
TASEKO MINES LTD. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1.96 USD. The next resistance located at 2.02 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 2.18 USD. After this resistance, buyers could then target 2.39 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.6
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
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Additional analysis
Quotes
TASEKO MINES LTD. rating 1.97 USD. On the day, this instrument gained +3.14% and was between 1.90 USD and 1.97 USD. This implies that the price is at +3.68% from its lowest and at 0% from its highest.1.90
1.97
1.97
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Abnormal volumes on TASEKO MINES LTD. were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
A technical analysis in 1H of this TASEKO MINES LTD. chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.52 | 1.84 | 1.96 | 1.97 | 2.18 | 2.39 | 2.62 |
| Change (%) | -22.84% | -6.60% | -0.51% | - | +10.66% | +21.32% | +32.99% |
| Change | -0.45 | -0.13 | -0.01 | - | +0.21 | +0.42 | +0.65 |
| Level | Major | Major | Intermediate | - | Minor | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.79 | 1.84 | 1.87 | 1.92 | 1.95 | 2.00 | 2.03 |
| Camarilla | 1.89 | 1.90 | 1.90 | 1.91 | 1.92 | 1.93 | 1.93 |
| Woodie | 1.79 | 1.84 | 1.87 | 1.92 | 1.95 | 2.00 | 2.03 |
| Fibonacci | 1.84 | 1.87 | 1.89 | 1.92 | 1.95 | 1.97 | 2.00 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.46 | 1.57 | 1.74 | 1.85 | 2.02 | 2.13 | 2.30 |
| Camarilla | 1.83 | 1.86 | 1.88 | 1.91 | 1.94 | 1.96 | 1.99 |
| Woodie | 1.49 | 1.59 | 1.77 | 1.87 | 2.05 | 2.15 | 2.33 |
| Fibonacci | 1.57 | 1.68 | 1.74 | 1.85 | 1.96 | 2.02 | 2.13 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.16 | 1.24 | 1.40 | 1.48 | 1.64 | 1.72 | 1.88 |
| Camarilla | 1.48 | 1.51 | 1.53 | 1.55 | 1.57 | 1.59 | 1.62 |
| Woodie | 1.19 | 1.26 | 1.43 | 1.50 | 1.67 | 1.74 | 1.91 |
| Fibonacci | 1.24 | 1.34 | 1.39 | 1.48 | 1.58 | 1.63 | 1.72 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 65.61 | |
| MACD (12,26,9): | 0.0400 | |
| Directional Movement: | 14.55 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 1.95 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.87 | |
| Elder Ray (13): | 0.03 | |
| Super Trend (3,10): | 1.83 | |
| Zig ZAG (10): | 1.97 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 90.14 | |
| TEMA (21): | 1.95 | |
| Williams %R (14): | -6.25 | |
| Chande Momentum Oscillator (20): | 0.13 | |
| Repulse (5,40,3): | 1.7700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.3100 | |
| Courbe Coppock: | 8.89 |
| MA7: | 1.84 | |
| MA20: | 1.64 | |
| MA50: | 1.50 | |
| MA100: | 1.38 | |
| MAexp7: | 1.94 | |
| MAexp20: | 1.90 | |
| MAexp50: | 1.82 | |
| MAexp100: | 1.72 | |
| Price / MA7: | +7.07% | |
| Price / MA20: | +20.12% | |
| Price / MA50: | +31.33% | |
| Price / MA100: | +42.75% | |
| Price / MAexp7: | +1.55% | |
| Price / MAexp20: | +3.68% | |
| Price / MAexp50: | +8.24% | |
| Price / MAexp100: | +14.53% |
Quotes :
-
15 min delayed data
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NYSE MKT Stocks
News
The latest news and videos published on TASEKO MINES LTD. at the time of the analysis were as follows:
- Taseko Mines Limited - Taseko Reports Strong Fourth Quarter Financial Performance
- Taseko Reports Strong Fourth Quarter Financial Performance and $190 Million of Adjusted EBITDA for 2023
- Taseko Mines Limited - Taseko Mines Provides Update on Florence Copper
- Taseko Provides Financing and Construction Update for the Florence Copper Project
- Taseko Announces a 26% Increase in Annual Copper Production from its Gibraltar Mine
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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