I3 ENERGY PLC (ITE.CA) Technical Analysis
TSX:ITE • GB00BDHXPJ60
Current stock price
ITE.CA Technical Rating and Analysis
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.
- Both the short term and long term trends are positive. This is a very positive sign.
- A new 52 week high is currently being made by ITE, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so ITE is leading the market.
- 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.
- When comparing the yearly performance of all stocks, we notice that ITE is one of the better performing stocks in the market, outperforming 75% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- ITE is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 57% of 208 stocks in the same industry.
- Considerably lower volume is observed in the last couple of days.
ITE.CA Weekly and Daily overview Charts
ITE.CA Setup Rating and Analysis
Although ITE has an excellent technical rating, it does not present a decent entry opportunity 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
ITE.CA Support and Resistance Analysis
0.15
When analyzing the support we can see 4 important 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.
ITE.CA 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 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. |
ITE.CA Chart- and CandleStick Pattern Analysis
ITE.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX:ITE (10/29/2024, 7:00:00 PM)
0.23
+0.01 (+2.22%)
I3 ENERGY PLC / ITE.CA TA FAQ
Can you provide the ChartMill technical rating for I3 ENERGY PLC?
ChartMill assigns a technical rating of 8 / 10 to ITE.CA.
What is the trend direction for ITE stock?
The current trend direction for I3 ENERGY PLC (ITE.CA) is Bullish.
What is the RSI signal for I3 ENERGY PLC (ITE.CA) stock?
I3 ENERGY PLC (ITE.CA) has an RSI value of 63.5181. This indicates that the stock is currently neutral.
What is the MACD signal for ITE stock?
The MACD indicator for I3 ENERGY PLC (ITE.CA) has a value of -0.000410143, indicating a bearish trend.
What is the short term momentum for I3 ENERGY PLC (ITE.CA) stock?
The short term momentum for I3 ENERGY PLC (ITE.CA) is positive.