TASEKO MINES LTD. - Daily - Technical analysis published on 09/24/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 2.39 USD
My targets
2.62 USD (+6.94%)
2.99 USD (+22.16%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on TASEKO MINES LTD.. This is a positive signal for buyers. As long as the price remains above 2.39 USD, a purchase could be considered. The first bullish objective is located at 2.62 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2.99 USD as an objective. Crossing it would then enable buyers to target 3.05 USD. In the event of a return below 2.39 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be 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
7
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Additional analysis
Quotes
TASEKO MINES LTD. rating 2.45 USD. The price registered an increase of +7.93% on the session and was between 2.36 USD and 2.46 USD. This implies that the price is at +3.81% from its lowest and at -0.41% from its highest.2.36
2.46
2.45
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of TASEKO MINES LTD. in Daily shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from 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 100
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : Daily
In fact, 17 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
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 | 1.84 | 2.18 | 2.39 | 2.45 | 2.62 | 3.05 | 3.51 |
| Change (%) | -24.90% | -11.02% | -2.45% | - | +6.94% | +24.49% | +43.27% |
| Change | -0.61 | -0.27 | -0.06 | - | +0.17 | +0.60 | +1.06 |
| Level | Major | Major | Major | - | Intermediate | 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 | 2.15 | 2.20 | 2.24 | 2.29 | 2.33 | 2.38 | 2.42 |
| Camarilla | 2.25 | 2.25 | 2.26 | 2.27 | 2.28 | 2.29 | 2.30 |
| Woodie | 2.14 | 2.20 | 2.23 | 2.29 | 2.32 | 2.38 | 2.41 |
| Fibonacci | 2.20 | 2.24 | 2.26 | 2.29 | 2.33 | 2.35 | 2.38 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.89 | 1.98 | 2.12 | 2.21 | 2.35 | 2.44 | 2.58 |
| Camarilla | 2.20 | 2.22 | 2.24 | 2.26 | 2.28 | 2.30 | 2.32 |
| Woodie | 1.92 | 1.99 | 2.15 | 2.22 | 2.38 | 2.45 | 2.61 |
| Fibonacci | 1.98 | 2.07 | 2.12 | 2.21 | 2.30 | 2.35 | 2.44 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.40 | 1.61 | 1.93 | 2.14 | 2.46 | 2.67 | 2.99 |
| Camarilla | 2.11 | 2.16 | 2.21 | 2.26 | 2.31 | 2.36 | 2.41 |
| Woodie | 1.47 | 1.64 | 2.00 | 2.17 | 2.53 | 2.70 | 3.06 |
| Fibonacci | 1.61 | 1.81 | 1.93 | 2.14 | 2.34 | 2.46 | 2.67 |
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): | 68.36 | |
| MACD (12,26,9): | 0.0400 | |
| Directional Movement: | 16.91 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 2.19 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.96 | |
| Elder Ray (13): | 0.22 | |
| Super Trend (3,10): | 2.07 | |
| Zig ZAG (10): | 2.46 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 91.15 | |
| TEMA (21): | 2.26 | |
| Williams %R (14): | -0.86 | |
| Chande Momentum Oscillator (20): | 0.56 | |
| Repulse (5,40,3): | 3.8000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0800 | |
| Courbe Coppock: | 15.28 |
| MA7: | 2.23 | |
| MA20: | 2.12 | |
| MA50: | 2.14 | |
| MA100: | 2.36 | |
| MAexp7: | 2.25 | |
| MAexp20: | 2.16 | |
| MAexp50: | 2.19 | |
| MAexp100: | 2.20 | |
| Price / MA7: | +9.87% | |
| Price / MA20: | +15.57% | |
| Price / MA50: | +14.49% | |
| Price / MA100: | +3.81% | |
| Price / MAexp7: | +8.89% | |
| Price / MAexp20: | +13.43% | |
| Price / MAexp50: | +11.87% | |
| Price / MAexp100: | +11.36% |
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 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
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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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