T1 ENERGY INC (TE) Stock Technical Analysis
NYSE:TE • US35834F1049
Taking everything into account, TE scores 4 out of 10 in our technical rating. In the last year, TE was a bad performer. We also see some doubts in the very recent evolution, but in the medium term things still look positive.
- 100% of all other stocks performed better in the past year than TE.
- TE is part of the Electrical Equipment industry. There are 92 other stocks in this industry, of which 95% are performing better than TE.
- In the last month TE has a been trading in the 5.92 - 9.78 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- TE has an average volume of 22324400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
TE has an average technical rating and it also 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
3.85
2 important support areas can be observed.
- A support zone ranging from 6.11 to 6.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 3.89 to 3.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 TE is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TE is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | TE has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of TE is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 39.33 | NEUTRAL | The RSI value for TE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.35 | NEGATIVE | The MACD value suggests TE has a negative trend. |
| Stochastics (14,3) | 7.12 | OVERSOLD | The low Stochastics value suggests TE may be oversold. |
| Average True Range in percent/ATR (20) | 18.05 | HIGH VOLATILITY | The high ATR as a percentage value for TE suggests high volalility. |
| Average Directional Index/ADX (14) | 21.44 | NEUTRAL | The ADX value for TE suggests a possible start of a new trend. |
6.12
-0.09 (-1.45%)
T1 ENERGY INC / TE FAQ
Can you provide the ChartMill technical rating for T1 ENERGY INC?
ChartMill assigns a technical rating of 4 / 10 to TE.
What is the trend direction for TE stock?
The current trend direction for T1 ENERGY INC (TE) is Bullish.
What is the RSI signal for T1 ENERGY INC (TE) stock?
T1 ENERGY INC (TE) has an RSI value of 39.3339. This indicates that the stock is currently neutral.
Can you provide the short term momentum for T1 ENERGY INC?
The short term momentum for T1 ENERGY INC (TE) is negative.
Can you provide the support and resistance levels for T1 ENERGY INC?
T1 ENERGY INC (TE) has a support level at 6.11. Check the full technical report for our detailed analysis of TE support and resistance levels.