I3 ENERGY PLC (ITE.CA) Stock Technical Analysis
TSX:ITE • GB00BDHXPJ60
We assign a technical rating of 8 out of 10 to ITE. 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 part of the Oil, Gas & Consumable Fuels industry. There are 203 other stocks in this industry. ITE outperforms 76% of them.
- ITE is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with 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 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
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.
When analyzing the resistance we notice one important 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. |
TSX:ITE (10/29/2024, 7:00:00 PM)
0.23
+0.01 (+2.22%)
I3 ENERGY PLC / ITE.CA 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.