GRAN TIERRA ENERGY INC (GTE)

US38500T2006 - Common Stock

9.56  -0.15 (-1.54%)

Technical Rating and Analysis

8

Taking everything into account, GTE scores 8 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, GTE is showing a nice and steady performance.

In the last month GTE has a been trading in the 9.37 - 10.40 range, which is quite wide. It is currently trading near the lows of this range.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
GTE is part of the Oil, Gas & Consumable Fuels industry. There are 210 other stocks in this industry. GTE outperforms 87% of them.
GTE is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so GTE is lagging the market slightly.
When comparing the yearly performance of all stocks, we notice that GTE is one of the better performing stocks in the market, outperforming 89% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
Weekly and Daily overview Charts
GTE Weekly chart
GTE Daily chart
Setup Rating and Analysis

8

Besides having an excellent technical rating, GTE also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 9.64, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.

  • 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.
Support and Resistance Analysis

4.78

10.05

When analyzing the support we can see 4 important areas.

  • A support zone ranging from 9.52 to 9.56. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • Support @8.86 from a trend line in the daily time frame.
  • Support @8.32 from a horizontal line in the daily time frame.
  • Support @4.83 from a horizontal line in the weekly time frame.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 9.64 to 9.95. This zone is formed by a combination of multiple trend lines and important moving averages 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
CRS89.73
Mansfield2.06
10 Day High10.35
10 Day Low9.37
20 Day High10.4
20 Day Low9.37
52 Week High10.4
52 Week Low4.72
Performance
1 Week-3.38%
2 Weeks-3.09%
1 Month0.52%
3 Month16.01%
6 Month79.81%
12 Month40.93%
2 Year-27.54%
3 Year61.19%
5 Year-40.43%
10 Year-85.38%
15 Year-73.83%
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)-0.06
RSI(14)48.54
LBB9.63
UBB10.19
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
9.969.510.45 (4.52%)22.13%
An entry @9.96. This is a Buy Stop order right above the resistance zone.An exit @9.51. This is a Stop Loss order right below the support zone.The worst case loss on the trade is limited to 0.45 points, which is 4.52%.For a 1.00% total portfolio risk, you can invest 22.13% of your capital in this trade.

  • The distance between exit and entry is rather small compared to the average daily movement of GTE. 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.
GTE Daily chart

GRAN TIERRA ENERGY INC

NYSEARCA:GTE (7/23/2024, 1:23:59 PM)

9.56

-0.15 (-1.54%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-1.54%
1 Week-3.38%
2 Weeks-3.09%
1 Month0.52%
3 Month16.01%
6 Month79.81%
12 Month40.93%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.37
ATR(20)%4.03%
ATR Inc
Range Today0.3
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High10.35
10 Day Low9.37
20 Day High10.4
20 Day Low9.37
52 Week High10.4
52 Week Low4.72
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume83.81K
Volume Incr-18.25%
Vol(5)176.14K
Vol(50)257.39K