GRAN TIERRA ENERGY INC (GTE) Stock Technical Analysis
USA - NYSEARCA:GTE - US38500T2006 - Common Stock
Overall GTE gets a technical rating of 1 out of 10. GTE's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The technical rating of GTE is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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3.65
When analyzing the support we notice one important area.
- A support zone ranging from 3.69 to 3.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 4.01 to 4.03. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 4.13 to 4.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 4.48 to 4.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 4.67 to 4.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | DOWN | NEGATIVE | The long term trend for GTE is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GTE is neutral. |
| ChartMill Relative Strength | 9.56 | NEGATIVE | GTE has a low relative strength, it was outperformed by 90.44% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GTE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of GTE is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GTE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.18 | NEUTRAL | The RSI value for GTE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests GTE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 25.3 | NEUTRAL | The Stochastics value for GTE is a neutral value. |
| Average True Range in percent/ATR (20) | 6.1 | HIGH VOLATILITY | The high ATR as a percentage value for GTE suggests high volalility. |
| Average Directional Index/ADX (14) | 18.95 | NEGATIVE | The low ADX value for GTE suggests a weak or negative trend. |
4.01
-0.01 (-0.25%)
GRAN TIERRA ENERGY INC / GTE FAQ
What is the technical rating for GTE stock?
ChartMill assigns a technical rating of 1 / 10 to GTE.
Can you provide the trend direction for GRAN TIERRA ENERGY INC?
The current trend direction for GRAN TIERRA ENERGY INC (GTE) is Bearish.
Can you provide the RSI signal for GRAN TIERRA ENERGY INC?
GRAN TIERRA ENERGY INC (GTE) has an RSI value of 46.1826. This indicates that the stock is currently neutral.
What is the short term momentum for GTE stock?
The short term momentum for GRAN TIERRA ENERGY INC (GTE) is neutral.
What is the support and resistance level for GTE stock?
GRAN TIERRA ENERGY INC (GTE) has a support level at 3.72 and a resistance level at 4.01. Check the full technical report for our detailed analysis of GTE support and resistance levels.