T1 ENERGY INC (TE) Technical Analysis
NYSE:TE • US35834F1049
Current stock price
TE Technical Rating and Analysis
Taking everything into account, TE scores 4 out of 10 in our technical rating. 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.
- In the last month TE has a been trading in the 4.14 - 8.54 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.
- When comparing the yearly performance of all stocks, we notice that TE is one of the better performing stocks in the market, outperforming 97% of all stocks. On top of that, TE also shows a nice and consistent pattern of rising prices.
- TE is part of the Electrical Equipment industry. There are 92 other stocks in this industry. TE outperforms 89% of them.
- TE has an average volume of 16968200 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 trading in the upper part of its 52 week range, so TE is lagging the market slightly.
TE Weekly and Daily overview Charts
TE Setup Rating and Analysis
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
TE Support and Resistance Analysis
4.15
When analyzing the resistance we notice one important area.
- Resistance @7.40 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 | 97.06 | POSITIVE | TE has a high relative strength, it outperformed 97.06% 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) | DOWN | NEGATIVE | The current price of TE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of TE is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 28.48 | OVERSOLD | The low RSI value suggests TE may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.33 | NEGATIVE | The MACD value suggests TE has a negative trend. |
| Stochastics (14,3) | 4.87 | OVERSOLD | The low Stochastics value suggests TE may be oversold. |
| Average True Range in percent/ATR (20) | 15.7 | HIGH VOLATILITY | The high ATR as a percentage value for TE suggests high volalility. |
| Average Directional Index/ADX (14) | 25.2 | POSITIVE | The high ADX value value for TE suggests a strong trend. |
TE Chart- and CandleStick Pattern Analysis
TE Technicals: Chart, Performance Metrics, Trend & Indicators
4.19
-0.29 (-6.47%)
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 28.48. This indicates that the stock is currently oversold.
What is the MACD signal for T1 ENERGY INC (TE) stock?
The MACD indicator for T1 ENERGY INC (TE) has a value of -0.329395, indicating a bearish trend.