TECHNIP ENERGIES NV (TE.PA)

NL0014559478 - Common Stock

22.52  -0.52 (-2.26%)

Technical Rating and Analysis

6

Taking everything into account, TE scores 6 out of 10 in our technical rating. TE has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.

TE is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
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!
TE is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so TE is performing more or less in line with the market.
Looking at the yearly performance, TE did better than 77% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
TE is part of the Energy Equipment & Services industry. There are 41 other stocks in this industry, TE did better than 67% of them.
Weekly and Daily overview Charts
TE Weekly chart
TE Daily chart
Setup Rating and Analysis

9

TE has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 23.57. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 22.51, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for TE 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.
Support and Resistance Analysis

17.79

24.54

When analyzing the support we can see 3 important areas.

  • A support zone ranging from 22.02 to 22.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @19.49 from a trend line in the weekly time frame.
  • Support @17.97 from a horizontal line in the weekly time frame.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 23.57 to 24.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.11
Mansfield-0.29
10 Day High23.54
10 Day Low22.14
20 Day High24.46
20 Day Low22.14
52 Week High24.78
52 Week Low17.45
Performance
1 Week-1.83%
2 Weeks-2.76%
1 Month-5.38%
3 Month14.26%
6 Month11.49%
12 Month11.87%
2 Year94.39%
3 Year90.12%
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.16
RSI(14)46.46
LBB22.05
UBB24.02
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.

ENTRYEXITDISTANCECAPITAL
23.5522.131.42 (6.03%)16.58%
An entry @23.55. This is a Buy Stop order right above the 10 day high.An exit @22.13. This is a Stop Loss order right below the 10 day low.The worst case loss on the trade is limited to 1.42 points, which is 6.03%.When investing 16.58% of your capital in this trade, your total portfolio risk will be 1.00%.

  • 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.
TE Daily chart

TECHNIP ENERGIES NV

EPA:TE (4/24/2024, 7:00:00 PM)

22.52

-0.52 (-2.26%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg-2.26%
1 Week-1.83%
2 Weeks-2.76%
1 Month-5.38%
3 Month14.26%
6 Month11.49%
12 Month11.87%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.69
ATR(20)%2.74%
ATR Inc
Range Today0.6
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High23.54
10 Day Low22.14
20 Day High24.46
20 Day Low22.14
52 Week High24.78
52 Week Low17.45
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume215.66K
Volume Incr-15.32%
Vol(5)279.15K
Vol(50)425.78K