GRAN TIERRA ENERGY INC (GTE.CA) Stock Technical Analysis
TSX:GTE - Toronto Stock Exchange - US38500T2006 - Common Stock - Currency: CAD
Taking everything into account, GTE scores 5 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. GTE was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, GTE is a bad performer in the overall market: 80% of all stocks are doing better.
GTE is part of the Oil, Gas & Consumable Fuels industry. There are 214 other stocks in this industry, of which 67% are performing better than GTE.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month GTE has a been trading in the 6.16 - 8.56 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
GTE is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so GTE is lagging the market slightly.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
GTE has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
6.32
9.56
When analyzing the support we can see 2 important areas.
- Support @6.62 from a trend line in the daily time frame.
- A support zone ranging from 6.38 to 6.44. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 8.47 to 8.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @9.47 from a trend line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for GTE.CA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GTE.CA is up. |
| ChartMill Relative Strength | 20.4 | NEGATIVE | GTE.CA has a low relative strength, it was outperformed by 79.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GTE.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GTE.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of GTE.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 73.52 | OVERBOUGHT | The high RSI value suggests GTE.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests GTE.CA has a positive trend. |
| Stochastics (14,3) | 93.5 | OVERBOUGHT | The high Stochastics value suggests GTE.CA may be overbought. |
| Average True Range in percent/ATR (20) | 3.79 | MEDIUM VOLATILITY | The ATR as a percentage value for GTE.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 18.64 | NEGATIVE | The low ADX value for GTE.CA suggests a weak or negative trend. |
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)
TSX:GTE (6/17/2025, 7:00:00 PM)
8.46
+0.38 (+4.7%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg4.7%
1 Week28.18%
2 Weeks24.78%
1 Month28.77%
3 Month18.65%
6 Month-10.48%
12 Month-35.47%
2 Year30.56%
3 Year-42.84%
5 Year83.91%
10 Year-77.38%
15 Year-84.19%
Volatility
ATR(14)0.38
ATR(20)%3.79%
ATR Inc100.23%
Range Today0.37
ADR(20)0.29
ADR(20)%3.39%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.4
Mansfield-0.88
10 Day High8.56
10 Day Low6.37
20 Day High8.56
20 Day Low6.16
52 Week High14.23
52 Week Low4.76
CS1 End6.62
CR1 Start8.47
Volume & EV
DER(3)0%
DER(5)0%
Volume57.98K
Volume Incr175.44%
Vol(5)75.70K
Vol(50)34.37K