T1 ENERGY INC (TE) Stock Technical Analysis
USA - NYSE:TE - US35834F1049 - Common Stock
Overall TE gets a technical rating of 6 out of 10. Although TE is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
TE has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
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2.45
When analyzing the support we can see 3 important areas.
- Support @3.62 from a trend line in the daily time frame.
- A support zone ranging from 3.41 to 3.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.47 from a trend line in the daily time frame.
We found 1 important resistance area.
- Resistance @4.10 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 TE is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TE is neutral. |
| 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) | UP | MIXED | The current price of TE is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TE is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 53.92 | NEUTRAL | The RSI value for TE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests TE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 41.33 | NEUTRAL | The Stochastics value for TE is a neutral value. |
| Average True Range in percent/ATR (20) | 16.56 | HIGH VOLATILITY | The high ATR as a percentage value for TE suggests high volalility. |
| Average Directional Index/ADX (14) | 29.09 | POSITIVE | The high ADX value value for TE suggests a strong trend. |
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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 4.11 | 3.61 | 0.50 (12.17%) | 8.22% |
| An entry @4.11. This is a Buy Stop order right above the resistance zone. | An exit @3.61. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.50 points, which is 12.17%. | For a 1.00% total portfolio risk, you can invest 8.22% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of TE. Please evaluate whether better entry and exit points can be found.
- 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.
3.81
+0.13 (+3.53%)
T1 ENERGY INC / TE FAQ
Can you provide the ChartMill technical rating for T1 ENERGY INC?
ChartMill assigns a technical rating of 6 / 10 to TE.
Can you provide the trend direction for T1 ENERGY INC?
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 53.915. This indicates that the stock is currently neutral.
What is the MACD signal for TE stock?
The MACD indicator for T1 ENERGY INC (TE) has a value of -0.0875641, indicating a bearish trend.
Can you provide the short term momentum for T1 ENERGY INC?
The short term momentum for T1 ENERGY INC (TE) is neutral.