GRAN TIERRA ENERGY INC (GTE) Technical Analysis
NYSEARCA:GTE • US38500T2006
Current stock price
GTE Technical Rating and Analysis
Taking everything into account, GTE scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, GTE has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- GTE is part of the Oil, Gas & Consumable Fuels industry. There are 208 other stocks in this industry. GTE outperforms 94% of them.
- A new 52 week high is currently being made by GTE, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so GTE is leading the market.
- In the last month GTE has a been trading in the 5.65 - 8.88 range, which is quite wide. It is currently trading near the high of this range.
- Looking at the yearly performance, GTE did better than 97% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
GTE Weekly and Daily overview Charts
GTE Setup Rating and Analysis
GTE has an excellent technical rating, but the quality of the setup is only medium 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.
More info and screens
GTE Support and Resistance Analysis
4.40
2 important support areas can be observed.
- Support @8.09 from a horizontal line in the daily time frame.
- Support @4.44 from a trend line in the daily time frame.
GTE Technical Indicator Signal Analysis
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 | UP | POSITIVE | The long term trend for GTE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GTE is up. |
| ChartMill Relative Strength | 97.44 | POSITIVE | GTE has a high relative strength, it outperformed 97.44% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GTE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GTE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GTE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 70.5 | OVERBOUGHT | The high RSI value suggests GTE may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests GTE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.03 | OVERBOUGHT | The high Stochastics value suggests GTE may be overbought. |
| Average True Range in percent/ATR (20) | 7.24 | HIGH VOLATILITY | The high ATR as a percentage value for GTE suggests high volalility. |
| Average Directional Index/ADX (14) | 40.39 | POSITIVE | The high ADX value value for GTE suggests a strong trend. |
GTE Chart- and CandleStick Pattern Analysis
GTE Technicals: Chart, Performance Metrics, Trend & Indicators
8.64
+0.06 (+0.7%)
GRAN TIERRA ENERGY INC / GTE TA FAQ
What is the technical rating for GTE stock?
ChartMill assigns a technical rating of 9 / 10 to GTE.
What is the trend direction for GTE stock?
The current trend direction for GRAN TIERRA ENERGY INC (GTE) is Bullish.
Can you provide the RSI signal for GRAN TIERRA ENERGY INC?
GRAN TIERRA ENERGY INC (GTE) has an RSI value of 70.497. This indicates that the stock is currently overbought.
Can you provide the buy/sell signal for GRAN TIERRA ENERGY INC?
The buy/sell signal for GRAN TIERRA ENERGY INC (GTE) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for GRAN TIERRA ENERGY INC?
GRAN TIERRA ENERGY INC (GTE) has a support level at 8.09. Check the full technical report for our detailed analysis of GTE support and resistance levels.