TASEKO MINES LTD (TGB) Stock Technical Analysis
NYSEARCA:TGB - NYSE Arca - CA8765111064 - Common Stock - Currency: USD
Taking everything into account, TGB scores 6 out of 10 in our technical rating. In the past year, TGB was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
TGB is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
TGB has an average volume of 4670950 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
Looking at the yearly performance, TGB did better than 84% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
TGB is an average performer in the Metals & Mining industry, it outperforms 68% of 150 stocks in the same industry.
In the last month TGB has a been trading in the 1.77 - 2.32 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Although the technical rating is only medium, TGB does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 1.92, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for TGB in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
1.83
2.65
When analyzing the support we can see 2 important areas.
- A support zone ranging from 1.89 to 1.92. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @1.85 from a horizontal line in the weekly time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 2.07 to 2.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.19 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 2.24 to 2.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.62 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.76
Mansfield-1.25
10 Day High2.32
10 Day Low2.01
20 Day High2.32
20 Day Low1.77
52 Week High3.15
52 Week Low1.68
Performance
1 Week-2.36%
2 Weeks-5.05%
1 Month11.29%
3 Month5.61%
6 Month9.52%
12 Month18.97%
2 Year24.7%
3 Year-9.61%
5 Year674.99%
10 Year223.44%
15 Year-60.04%
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)-0.01
RSI(14)49.59
LBB2
UBB2.26
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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 2.13 | 2.00 | 0.13 (6.10%) | 16.38% |
| An entry @2.13. This is a Buy Stop order right above the resistance zone. | An exit @2.00. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.13 points, which is 6.10%. | For a 1.00% total portfolio risk, you can invest 16.38% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of TGB. Please evaluate whether better entry and exit points can be found.
- 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.
NYSEARCA:TGB (3/4/2025, 11:34:54 AM)
2.03
-0.04 (-1.93%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-1.93%
1 Week-2.36%
2 Weeks-5.05%
1 Month11.29%
3 Month5.61%
6 Month9.52%
12 Month18.97%
2 Year24.7%
3 Year-9.61%
5 Year674.99%
10 Year223.44%
15 Year-60.04%
Volatility
ATR(14)0.13
ATR(20)%6.05%
ATR Inc-25.37%
Range Today0.1
ADR(20)0.12
ADR(20)%5.7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.76
Mansfield-1.25
10 Day High2.32
10 Day Low2.01
20 Day High2.32
20 Day Low1.77
52 Week High3.15
52 Week Low1.68
CS1 End1.92
CR1 Start2.07
Volume & EV
DER(3)6.64%
DER(5)4.64%
Volume5.12M
Volume Incr106.37%
Vol(5)10.23M
Vol(50)4.67M