TASEKO MINES LTD. - 1H - Technical analysis published on 10/02/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 2.62 USD
My targets
2.74 USD (+3.01%)
2.88 USD (+8.27%)
My analysis
The basic bullish trend is very strong on TASEKO MINES LTD. but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 2.62 USD. Crossing the first resistance at 2.74 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 2.88 USD as an objective. Crossing it would then enable buyers to target 3.05 USD. Caution, a return to below 2.62 USD would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.1
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Additional analysis
Quotes
The TASEKO MINES LTD. price is 2.66 USD. On the day, this instrument gained +3.10% with the lowest point at 2.59 USD and the highest point at 2.67 USD. The deviation from the price is +2.70% for the low point and -0.37% for the high point.2.59
2.67
2.66
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
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 1H shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 12 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
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
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
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 resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Resistance of triangle is broken
Type : Bullish
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 | 2.39 | 2.49 | 2.62 | 2.66 | 3.05 | 3.51 | 4.24 |
Change (%) | -10.15% | -6.39% | -1.50% | - | +14.66% | +31.95% | +59.40% |
Change | -0.27 | -0.17 | -0.04 | - | +0.39 | +0.85 | +1.58 |
Level | Major | Intermediate | Major | - | Major | Minor | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 2.45 | 2.49 | 2.53 | 2.57 | 2.61 | 2.65 | 2.69 |
Camarilla | 2.56 | 2.57 | 2.57 | 2.58 | 2.59 | 2.60 | 2.60 |
Woodie | 2.46 | 2.49 | 2.54 | 2.57 | 2.62 | 2.65 | 2.70 |
Fibonacci | 2.49 | 2.52 | 2.54 | 2.57 | 2.60 | 2.62 | 2.65 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.98 | 2.12 | 2.36 | 2.50 | 2.74 | 2.88 | 3.12 |
Camarilla | 2.50 | 2.53 | 2.57 | 2.60 | 2.64 | 2.67 | 2.71 |
Woodie | 2.03 | 2.15 | 2.41 | 2.53 | 2.79 | 2.91 | 3.17 |
Fibonacci | 2.12 | 2.27 | 2.36 | 2.50 | 2.65 | 2.74 | 2.88 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.29 | 1.59 | 2.05 | 2.35 | 2.81 | 3.11 | 3.57 |
Camarilla | 2.31 | 2.38 | 2.45 | 2.52 | 2.59 | 2.66 | 2.73 |
Woodie | 1.38 | 1.63 | 2.14 | 2.39 | 2.90 | 3.15 | 3.66 |
Fibonacci | 1.59 | 1.88 | 2.06 | 2.35 | 2.64 | 2.82 | 3.11 |
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): | 61.50 | |
MACD (12,26,9): | 0.0200 | |
Directional Movement: | 19.56 | |
AROON (14): | 64.29 | |
DEMA (21): | 2.60 | |
Parabolic SAR (0,02-0,02-0,2): | 2.49 | |
Elder Ray (13): | 0.05 | |
Super Trend (3,10): | 2.50 | |
Zig ZAG (10): | 2.62 | |
VORTEX (21): | 1.0000 | |
Stochastique (14,3,5): | 87.40 | |
TEMA (21): | 2.58 | |
Williams %R (14): | -3.33 | |
Chande Momentum Oscillator (20): | 0.10 | |
Repulse (5,40,3): | 3.0500 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.1200 | |
Courbe Coppock: | 0.10 |
MA7: | 2.55 | |
MA20: | 2.24 | |
MA50: | 2.18 | |
MA100: | 2.36 | |
MAexp7: | 2.60 | |
MAexp20: | 2.56 | |
MAexp50: | 2.49 | |
MAexp100: | 2.37 | |
Price / MA7: | +4.31% | |
Price / MA20: | +18.75% | |
Price / MA50: | +22.02% | |
Price / MA100: | +12.71% | |
Price / MAexp7: | +2.31% | |
Price / MAexp20: | +3.91% | |
Price / MAexp50: | +6.83% | |
Price / MAexp100: | +12.24% |
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
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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