TASEKO MINES LTD. - 1H - Technical analysis published on 05/01/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Slightly bearish
Technical indicators
22%
61%
17%
My opinion
Bearish under 2.48 USD
My targets
2.39 USD (-2.45%)
2.26 USD (-7.76%)
My analysis
The bearish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade TASEKO MINES LTD. with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 2.48 USD. The next bearish objective for sellers is set at 2.39 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2.26 USD. In case of crossing, the next objective would be the support located at 2.15 USD. In the event of a bullish break in the resistance located at 2.48 USD a certain indecision would take hold.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
4.5
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 2.45 USD. On the day, this instrument lost -0.41% and was traded between 2.39 USD and 2.52 USD over the period. The price is currently at +2.51% from its lowest and -2.78% from its highest.2.39
2.52
2.45
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
Here is a more detailed summary of the historical variations registered by TASEKO MINES LTD.:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of TASEKO MINES LTD. in 1H shows an overall slightly bearish trend. 60.71% of the signals given by moving averages are bearish. The overall trend remains fragile, reflecting the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 3 are neutral and 11 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 2.15 | 2.26 | 2.39 | 2.45 | 2.48 | 2.62 | 2.71 |
Change (%) | -12.24% | -7.76% | -2.45% | - | +1.22% | +6.94% | +10.61% |
Change | -0.30 | -0.19 | -0.06 | - | +0.03 | +0.17 | +0.26 |
Level | Minor | Intermediate | Major | - | Minor | Major | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 2.24 | 2.35 | 2.40 | 2.51 | 2.56 | 2.67 | 2.72 |
Camarilla | 2.42 | 2.43 | 2.45 | 2.46 | 2.48 | 2.49 | 2.50 |
Woodie | 2.22 | 2.34 | 2.38 | 2.50 | 2.54 | 2.66 | 2.70 |
Fibonacci | 2.35 | 2.41 | 2.45 | 2.51 | 2.57 | 2.61 | 2.67 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 2.03 | 2.15 | 2.37 | 2.49 | 2.71 | 2.83 | 3.05 |
Camarilla | 2.51 | 2.54 | 2.57 | 2.60 | 2.63 | 2.66 | 2.69 |
Woodie | 2.09 | 2.18 | 2.43 | 2.52 | 2.77 | 2.86 | 3.11 |
Fibonacci | 2.15 | 2.28 | 2.36 | 2.49 | 2.62 | 2.70 | 2.83 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.59 | 1.87 | 2.16 | 2.44 | 2.73 | 3.01 | 3.30 |
Camarilla | 2.30 | 2.36 | 2.41 | 2.46 | 2.51 | 2.57 | 2.62 |
Woodie | 1.61 | 1.87 | 2.18 | 2.44 | 2.75 | 3.01 | 3.32 |
Fibonacci | 1.87 | 2.08 | 2.22 | 2.44 | 2.65 | 2.79 | 3.01 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
RSI (14): | 37.50 | |
MACD (12,26,9): | -0.0200 | |
Directional Movement: | -8.55 | |
AROON (14): | -78.57 | |
DEMA (21): | 2.47 | |
Parabolic SAR (0,02-0,02-0,2): | 2.50 | |
Elder Ray (13): | -0.06 | |
Super Trend (3,10): | 2.54 | |
Zig ZAG (10): | 2.42 | |
VORTEX (21): | 0.8000 | |
Stochastique (14,3,5): | 5.08 | |
TEMA (21): | 2.43 | |
Williams %R (14): | -90.77 | |
Chande Momentum Oscillator (20): | -0.23 | |
Repulse (5,40,3): | -0.8700 | |
ROCnROLL: | 2 | |
TRIX (15,9): | 0.0100 | |
Courbe Coppock: | 13.84 |
MA7: | 2.48 | |
MA20: | 2.46 | |
MA50: | 2.08 | |
MA100: | 1.74 | |
MAexp7: | 2.44 | |
MAexp20: | 2.49 | |
MAexp50: | 2.49 | |
MAexp100: | 2.45 | |
Price / MA7: | -1.21% | |
Price / MA20: | -0.41% | |
Price / MA50: | +17.79% | |
Price / MA100: | +40.80% | |
Price / MAexp7: | +0.41% | |
Price / MAexp20: | -1.61% | |
Price / MAexp50: | -1.61% | |
Price / MAexp100: | -0% |
Quotes :
-
15 min delayed data
-
NYSE MKT Stocks
News
The last news published on TASEKO MINES LTD. at the time of the generation of this analysis was as follows:
- Taseko Mines Limited - Taseko Mines Completes Notes Offering
- TASEKO MINES COMPLETES NOTES OFFERING
- Taseko Mines Limited - Taseko Announces Pricing of SR Secured Notes
- TASEKO ANNOUNCES PRICING OF SENIOR SECURED NOTES OFFERING
- Taseko Mines Limited - TASEKO ANNOUNCES OFFERING OF SENIOR SECURED NOTES
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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