TASEKO MINES LTD. - 1H - Technical analysis published on 07/31/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
61%
11%
28%
My opinion
Bullish above 2.14 USD
My targets
2.29 USD (+4.57%)
2.39 USD (+9.13%)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for TASEKO MINES LTD. as long as the price remains well above 2.14 USD. The buyers' bullish objective is set at 2.29 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2.39 USD. If there is any crossing, the next objective would be the resistance located at 2.44 USD. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 2.29 USD. On this resistance, against the trend traders who would like to go short on TASEKO MINES LTD. with a bearish signal from their trading strategy, should not hesitate to act.
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
2
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Additional analysis
Quotes
The TASEKO MINES LTD. rating is 2.19 USD. The price has increased by +6.31% since the last closing and was traded between 2.10 USD and 2.19 USD over the period. The price is currently at +4.29% from its lowest and 0% from its highest.2.10
2.19
2.19
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this TASEKO MINES LTD. chart shows a slightly bearish trend. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
The technical indicators are bullish. There is still some doubt about the price increase.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
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, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 1.84 | 2.05 | 2.14 | 2.19 | 2.29 | 2.39 | 2.44 |
Change (%) | -15.98% | -6.39% | -2.28% | - | +4.57% | +9.13% | +11.42% |
Change | -0.35 | -0.14 | -0.05 | - | +0.10 | +0.20 | +0.25 |
Level | Major | Intermediate | Intermediate | - | Minor | Major | Intermediate |
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 | 1.87 | 1.97 | 2.01 | 2.11 | 2.15 | 2.25 | 2.29 |
Camarilla | 2.02 | 2.03 | 2.05 | 2.06 | 2.07 | 2.09 | 2.10 |
Woodie | 1.85 | 1.96 | 1.99 | 2.10 | 2.13 | 2.24 | 2.27 |
Fibonacci | 1.97 | 2.02 | 2.05 | 2.11 | 2.16 | 2.19 | 2.25 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.78 | 1.90 | 2.03 | 2.15 | 2.28 | 2.40 | 2.53 |
Camarilla | 2.08 | 2.10 | 2.13 | 2.15 | 2.17 | 2.20 | 2.22 |
Woodie | 1.78 | 1.90 | 2.03 | 2.15 | 2.28 | 2.40 | 2.53 |
Fibonacci | 1.90 | 2.00 | 2.06 | 2.15 | 2.25 | 2.31 | 2.40 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.73 | 1.98 | 2.22 | 2.47 | 2.71 | 2.96 | 3.20 |
Camarilla | 2.32 | 2.36 | 2.41 | 2.45 | 2.50 | 2.54 | 2.59 |
Woodie | 1.72 | 1.98 | 2.21 | 2.47 | 2.70 | 2.96 | 3.19 |
Fibonacci | 1.98 | 2.17 | 2.29 | 2.47 | 2.66 | 2.78 | 2.96 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
RSI (14): | 55.73 | |
MACD (12,26,9): | -0.0100 | |
Directional Movement: | 10.60 | |
AROON (14): | -42.86 | |
DEMA (21): | 2.12 | |
Parabolic SAR (0,02-0,02-0,2): | 2.06 | |
Elder Ray (13): | 0.03 | |
Super Trend (3,10): | 2.04 | |
Zig ZAG (10): | 2.18 | |
VORTEX (21): | 0.9500 | |
Stochastique (14,3,5): | 71.29 | |
TEMA (21): | 2.13 | |
Williams %R (14): | -17.24 | |
Chande Momentum Oscillator (20): | 0.05 | |
Repulse (5,40,3): | 1.6100 | |
ROCnROLL: | -1 | |
TRIX (15,9): | -0.0800 | |
Courbe Coppock: | 1.97 |
MA7: | 2.15 | |
MA20: | 2.32 | |
MA50: | 2.48 | |
MA100: | 2.41 | |
MAexp7: | 2.15 | |
MAexp20: | 2.14 | |
MAexp50: | 2.17 | |
MAexp100: | 2.24 | |
Price / MA7: | +1.86% | |
Price / MA20: | -5.60% | |
Price / MA50: | -11.69% | |
Price / MA100: | -9.13% | |
Price / MAexp7: | +1.86% | |
Price / MAexp20: | +2.34% | |
Price / MAexp50: | +0.92% | |
Price / MAexp100: | -2.23% |
Quotes :
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15 min delayed data
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NYSE MKT Stocks
News
Don't forget to follow the news on TASEKO MINES LTD.. At the time of publication of this analysis, the latest news was as follows:
- Taseko Mines Limited - Taseko to Release Second Quarter 2024 Results
- Taseko to Release Second Quarter 2024 Results
- Taseko Mines Reports Second Quarter Copper Production and Operational Update for Gibraltar Mine
- Taseko Mines Limited - Taseko Reports Second Quarter Update for Gibraltar
- Taseko Mines Limited - Taseko Issues 2023 Sustainability Report
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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