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 term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- Looking at the yearly performance, GTE did better than 93% of all other stocks.
- GTE is part of the Oil, Gas & Consumable Fuels industry. There are 209 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.
- In the last month GTE has a been trading in the 7.25 - 9.74 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
GTE Weekly and Daily overview Charts
GTE Setup Rating and Analysis
Besides having an excellent technical rating, GTE also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 7.51, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for GTE in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
GTE Support and Resistance Analysis
4.61
We found 2 important support areas.
- A support zone ranging from 7.48 to 7.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @4.66 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 9.03 to 9.08. This zone is formed by a combination of multiple trend lines in the weekly 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 | NEUTRAL | NEUTRAL | The short term trend for GTE is neutral. |
| ChartMill Relative Strength | 93.4 | POSITIVE | GTE has a high relative strength, it outperformed 93.4% 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) | 54.7 | NEUTRAL | The RSI value for GTE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests GTE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 33.55 | NEUTRAL | The Stochastics value for GTE is a neutral value. |
| Average True Range in percent/ATR (20) | 7.19 | HIGH VOLATILITY | The high ATR as a percentage value for GTE suggests high volalility. |
| Average Directional Index/ADX (14) | 18.98 | NEGATIVE | The low ADX value for GTE suggests a weak or negative trend. |
GTE Chart- and CandleStick Pattern Analysis
GTE 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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 9.09 | 7.47 | 1.62 (17.82%) | 5.61% |
| An entry @9.09. This is a Buy Stop order right above the resistance zone. | An exit @7.47. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.62 points, which is 17.82%. | For a 1.00% total portfolio risk, you can invest 5.61% of your capital in this trade. |
- 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 Technicals: Chart, Performance Metrics, Trend & Indicators
8.32
+0.29 (+3.61%)
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.
What is the RSI signal for GTE stock?
GRAN TIERRA ENERGY INC (GTE) has an RSI value of 54.6992. This indicates that the stock is currently neutral.
Can you provide the MACD signal for GRAN TIERRA ENERGY INC?
The MACD indicator for GRAN TIERRA ENERGY INC (GTE) has a value of -0.0846931, indicating a bearish trend.
Can you provide the short term momentum for GRAN TIERRA ENERGY INC?
The short term momentum for GRAN TIERRA ENERGY INC (GTE) is neutral.