I3 ENERGY PLC (ITE.CA) Stock Technical Analysis
TSX:ITE - GB00BDHXPJ60 - Common Stock
0.23 CAD
+0.01 (+2.22%)
Taking everything into account, ITE scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ITE is only an average performer.
The long and short term trends are both positive. This is looking good!
ITE is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 81% of 215 stocks in the same industry.
A new 52 week high is currently being made by ITE, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month ITE has a been trading in the 0.21 - 0.23 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, ITE did better than 75% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
Considerably lower volume is observed in the last couple of days.
Although ITE has an excellent technical rating, it does not offer a high 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.
More info and screens
0.15
0.23
We found 4 important support areas.
- A support zone ranging from 0.22 to 0.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 0.21 to 0.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.17 from a trend line in the weekly time frame.
- Support @0.15 from a trend line in the daily time frame.
We found 1 important resistance area.
- Resistance @0.23 from a horizontal line in the daily 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 | UP | POSITIVE | The long term trend for ITE.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ITE.CA is up. |
| ChartMill Relative Strength | 75.84 | POSITIVE | ITE.CA has a high relative strength, it outperformed 75.84% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ITE.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ITE.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ITE.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.52 | NEUTRAL | The RSI value for ITE.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests ITE.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 72.22 | NEUTRAL | The Stochastics value for ITE.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.2 | LOW VOLATILITY | The low ATR as a percentage value for ITE.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 31.61 | POSITIVE | The high ADX value value for ITE.CA suggests a strong 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:ITE (10/29/2024, 7:00:00 PM)
0.23
+0.01 (+2.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg2.22%
1 Week0%
2 Weeks2.22%
1 Month4.55%
3 Month43.75%
6 Month24.32%
12 Month4.55%
2 Year-40.26%
3 Year15%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0
ATR(20)%1.2%
ATR Inc-22.22%
Range Today0.01
ADR(20)0
ADR(20)%0.98%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.84
Mansfield1.12
10 Day High0.23
10 Day Low0.23
20 Day High0.23
20 Day Low0.22
52 Week High0.23
52 Week Low0.14
CS1 End0.22
CR1 Start0.23
Volume & EV
DER(3)-23.49%
DER(5)-14.09%
Volume82.50K
Volume Incr-66.52%
Vol(5)115.59K
Vol(50)533.46K