T1 ENERGY INC (TE) Technical Analysis
NYSE:TE • US35834F1049
Current stock price
TE Technical Rating and Analysis
Overall TE gets a technical rating of 4 out of 10. Although TE is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Looking at the yearly performance, TE did better than 97% of all other stocks. We also observe that the gains produced by TE over the past year are nicely spread over this period.
- TE is one of the better performing stocks in the Electrical Equipment industry, it outperforms 89% of 92 stocks in the same industry.
- TE has an average volume of 16246100 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, the long term trend is neutral. Not much exciting going on here.
- TE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TE is lagging the market.
- In the last month TE has a been trading in the 3.74 - 5.96 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
TE Weekly and Daily overview Charts
TE Setup Rating and Analysis
TE has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 5.32. Right above this resistance zone may be a good entry point.
More info and screens
TE Support and Resistance Analysis
4.12
We found 3 important support areas.
- Support @4.97 from a horizontal line in the daily time frame.
- Support @4.54 from a trend line in the weekly time frame.
- Support @4.16 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 5.32 to 5.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @6.65 from a trend line in the daily time frame.
TE Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The long term trend for TE is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TE is down. |
| ChartMill Relative Strength | 97.42 | POSITIVE | TE has a high relative strength, it outperformed 97.42% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of TE is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TE is below a declining 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) | 48.18 | NEUTRAL | The RSI value for TE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests TE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75.56 | NEUTRAL | The Stochastics value for TE is a neutral value. |
| Average True Range in percent/ATR (20) | 9.86 | HIGH VOLATILITY | The high ATR as a percentage value for TE suggests high volalility. |
| Average Directional Index/ADX (14) | 19.75 | NEGATIVE | The low ADX value for TE suggests a weak or negative trend. |
TE Chart- and CandleStick Pattern Analysis
TE Technicals: Chart, Performance Metrics, Trend & Indicators
5.31
+0.02 (+0.38%)
T1 ENERGY INC / TE TA 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 Bearish.
Can you provide the RSI signal for T1 ENERGY INC?
T1 ENERGY INC (TE) has an RSI value of 48.1781. This indicates that the stock is currently neutral.
What is the MACD signal for T1 ENERGY INC (TE) stock?
The MACD indicator for T1 ENERGY INC (TE) has a value of 0.153637, indicating a bearish trend.