TASEKO MINES LTD. - 1H - Technical analysis published on 08/30/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bullish
Technical indicators
56%
11%
33%
My opinion
Bullish above 2.20 USD
My targets
2.29 USD (+2.69%)
2.34 USD (+4.93%)
My analysis
The basic trend is currently slightly bullish on TASEKO MINES LTD. and the short term does not seem to show any sign of improvement. Buyers are struggling to get their hands on this instrument. However, as long as the price remains above 2.20 USD, purchases could be favourable. The first bullish objective would be the resistance located at 2.29 USD. Then the price could move towards 2.34 USD. Then 2.39 USD by extension. A return under the support to 2.20 USD could jeopardize this fragile bullish trend. Indecision would then be total and in this case you could keep away.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
3.2
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The TASEKO MINES LTD. rating is 2.23 USD. The price has increased by +1.36% since the last closing and was between 2.18 USD and 2.24 USD. This implies that the price is at +2.29% from its lowest and at -0.45% from its highest.2.18
2.24
2.23
The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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.:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of TASEKO MINES LTD. indicates that the overall trend is slightly bullish. Only 57.14% of the signals given by moving averages are bullish. This slightly bullish trend is not supported by the signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
In fact, 10 technical indicators on 18 studied are currently bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of triangle
Type : Bullish
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 | 1.98 | 2.09 | 2.20 | 2.23 | 2.29 | 2.34 | 2.39 |
Change (%) | -11.21% | -6.28% | -1.35% | - | +2.69% | +4.93% | +7.17% |
Change | -0.25 | -0.14 | -0.03 | - | +0.06 | +0.11 | +0.16 |
Level | Minor | Intermediate | Intermediate | - | Intermediate | Minor | Major |
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 | 2.11 | 2.15 | 2.17 | 2.21 | 2.23 | 2.27 | 2.29 |
Camarilla | 2.18 | 2.19 | 2.20 | 2.20 | 2.21 | 2.21 | 2.22 |
Woodie | 2.11 | 2.15 | 2.17 | 2.21 | 2.23 | 2.27 | 2.29 |
Fibonacci | 2.15 | 2.17 | 2.18 | 2.21 | 2.23 | 2.24 | 2.27 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 2.04 | 2.11 | 2.20 | 2.27 | 2.36 | 2.43 | 2.52 |
Camarilla | 2.25 | 2.26 | 2.28 | 2.29 | 2.31 | 2.32 | 2.33 |
Woodie | 2.05 | 2.12 | 2.21 | 2.28 | 2.37 | 2.44 | 2.53 |
Fibonacci | 2.11 | 2.17 | 2.21 | 2.27 | 2.33 | 2.37 | 2.43 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.28 | 1.66 | 1.92 | 2.30 | 2.56 | 2.94 | 3.20 |
Camarilla | 2.01 | 2.07 | 2.13 | 2.19 | 2.25 | 2.31 | 2.37 |
Woodie | 1.23 | 1.63 | 1.87 | 2.27 | 2.51 | 2.91 | 3.15 |
Fibonacci | 1.66 | 1.90 | 2.05 | 2.30 | 2.54 | 2.69 | 2.94 |
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): | 50.71 | |
MACD (12,26,9): | -0.0100 | |
Directional Movement: | 4.37 | |
AROON (14): | 42.86 | |
DEMA (21): | 2.20 | |
Parabolic SAR (0,02-0,02-0,2): | 2.16 | |
Elder Ray (13): | 0.01 | |
Super Trend (3,10): | 2.27 | |
Zig ZAG (10): | 2.22 | |
VORTEX (21): | 0.9100 | |
Stochastique (14,3,5): | 58.60 | |
TEMA (21): | 2.20 | |
Williams %R (14): | -33.33 | |
Chande Momentum Oscillator (20): | 0.03 | |
Repulse (5,40,3): | 0.6200 | |
ROCnROLL: | -1 | |
TRIX (15,9): | -0.0800 | |
Courbe Coppock: | 1.97 |
MA7: | 2.23 | |
MA20: | 2.15 | |
MA50: | 2.27 | |
MA100: | 2.42 | |
MAexp7: | 2.21 | |
MAexp20: | 2.21 | |
MAexp50: | 2.22 | |
MAexp100: | 2.20 | |
Price / MA7: | -0% | |
Price / MA20: | +3.72% | |
Price / MA50: | -1.76% | |
Price / MA100: | -7.85% | |
Price / MAexp7: | +0.90% | |
Price / MAexp20: | +0.90% | |
Price / MAexp50: | +0.45% | |
Price / MAexp100: | +1.36% |
Quotes :
-
15 min delayed data
-
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 Second Quarter 2024 Results
- Taseko Reports Second Quarter 2024 Financial and Operational Performance and Florence Construction Update
- Taseko Mines Limited - Taseko to Release Second Quarter 2024 Results
- Taseko to Release Second Quarter 2024 Results
- Taseko Mines Limited - Taseko Reports Second Quarter Update for Gibraltar
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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