TASKUS INC-A (TASK)

US87652V1098 - Common Stock

17.03  +0.63 (+3.84%)

After market: 17.03 0 (0%)

Technical Rating and Analysis

9

We assign a technical rating of 9 out of 10 to TASK. Both in the recent history as in the last year, TASK has proven to be a steady performer, scoring decent points in every aspect analyzed.

Both the short term and long term trends are positive. This is a very positive sign.
TASK is part of the IT Services industry. There are 83 other stocks in this industry. TASK outperforms 78% of them.
Looking at the yearly performance, TASK did better than 90% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
TASK is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TASK is lagging the market.
In the last month TASK has a been trading in the 14.31 - 18.60 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Weekly and Daily overview Charts
TASK Weekly chart
TASK Daily chart
Setup Rating and Analysis

7

Besides having an excellent technical rating, TASK also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 18.80. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 16.42, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for TASK in the last couple of days, which is a good sign.

  • Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
Support and Resistance Analysis

11.94

19.13

We found 3 important support areas.

  • A support zone ranging from 15.90 to 16.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @12.58 from a trend line in the weekly time frame.
  • Support @12.06 from a trend line in the daily time frame.

We found 1 important resistance area.

  • A resistance zone ranging from 18.80 to 18.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.24
Mansfield1.32
10 Day High18.6
10 Day Low15.49
20 Day High18.6
20 Day Low14.31
52 Week High19.6
52 Week Low10.56
Performance
1 Week7.11%
2 Weeks1.79%
1 Month14.99%
3 Month41.92%
6 Month27.95%
12 Month30.3%
2 Year0.77%
3 Year-68.44%
5 YearN/A
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.07
RSI(14)58.14
LBB15
UBB18.15
Example Setup

Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.

ENTRYEXITDISTANCECAPITAL
18.9515.893.06 (16.15%)6.19%
An entry @18.95. This is a Buy Stop order right above the resistance zone.An exit @15.89. This is a Stop Loss order right below the support zone.The trade has a worst case loss of 3.06 points, which is 16.15%.When investing 6.19% of your capital in this trade, your total portfolio risk will be 1.00%.

  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TASK Daily chart

TASKUS INC-A

NASDAQ:TASK (12/26/2024, 8:00:01 PM)

After market: 17.03 0 (0%)

17.03

+0.63 (+3.84%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg3.84%
1 Week7.11%
2 Weeks1.79%
1 Month14.99%
3 Month41.92%
6 Month27.95%
12 Month30.3%
2 Year0.77%
3 Year-68.44%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.06
ATR(20)%5.41%
ATR Inc-35.16%
Range Today0.94
ADR(20)0.85
ADR(20)%4.99%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.24
Mansfield1.32
10 Day High18.6
10 Day Low15.49
20 Day High18.6
20 Day Low14.31
52 Week High19.6
52 Week Low10.56
CS1 End16.42
CR1 Start18.8
Volume & EV
DER(3)6.19%
DER(5)5.1%
Volume199.00K
Volume Incr-17.18%
Vol(5)187.60K
Vol(50)234.79K