T1 ENERGY INC (TE) Stock Technical Analysis
NYSE:TE - New York Stock Exchange, Inc. - US35834F1049 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to TE. TE has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
TE has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 1.38. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.24, a Stop Loss order could be placed below this zone.
More info and screens
1.21
We found 1 important support area.
- Support @1.22 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @1.39 from a horizontal line in the weekly time frame.
- Resistance @1.48 from a trend 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) | 48.49 | NEUTRAL | The RSI value for TE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests TE has a negative trend. |
| Stochastics (14,3) | 15.52 | OVERSOLD | The low Stochastics value suggests TE may be oversold. |
| Average True Range in percent/ATR (20) | 10 | HIGH VOLATILITY | The high ATR as a percentage value for TE suggests high volalility. |
| Average Directional Index/ADX (14) | 14.58 | NEGATIVE | The low ADX value for TE suggests a weak or negative trend. |
1.25
+0.02 (+1.63%)