GRAN TIERRA ENERGY INC.

- USD (-)

- 15 min delayed data - NYSE MKT Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	GTE
ISIN:

GRAN TIERRA ENERGY INC. - 1H - Technical analysis published on 09/11/2023 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

22%

50%

28%

My opinion

Bearish under 6.44 USD

My targets

6.27 USD (-0.63%)

6.07 USD (-3.80%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on GRAN TIERRA ENERGY INC. as long as the price remains well below 6.44 USD. The sellers' bearish objective is set at 6.27 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 6.07 USD. In case of crossing, the next objective would be the support located at 4.73 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

6.3

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

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Additional analysis

Quotes

The GRAN TIERRA ENERGY INC. price is 6.31 USD. The price is lower by -0.32% since the last closing with the lowest point at 6.24 USD and the highest point at 6.44 USD. The deviation from the price is +1.12% for the low point and -2.02% for the high point.

6.24

6.44

6.31

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of GRAN TIERRA ENERGY INC. indicates that the overall trend is strongly bearish. 85.71% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Bearish trend reversal : Moving Average 50

Type : Bearish

Timeframe : 1 hour

On the 18 technical indicators analysed, 4 are bullish, 5 are neutral and 9 are bearish. Caution: the Central Indicators scanner currently detects an excess:

MACD indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near support of channel

Type : Bullish

Timeframe : 1 hour

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Bullish harami

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	4.73	6.07	6.27	6.31	6.44	6.66	6.81
Change (%)	-25.04%	-3.80%	-0.63%	-	+2.06%	+5.55%	+7.92%
Change	-1.58	-0.24	-0.04	-	+0.13	+0.35	+0.50
Level	Major	Intermediate	Minor	-	Intermediate	Minor	Intermediate

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	6.15	6.22	6.27	6.34	6.39	6.46	6.51
Camarilla	6.30	6.31	6.32	6.33	6.34	6.35	6.36
Woodie	6.15	6.22	6.27	6.34	6.39	6.46	6.51
Fibonacci	6.22	6.26	6.29	6.34	6.38	6.41	6.46

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	5.61	5.94	6.14	6.47	6.67	7.00	7.20
Camarilla	6.18	6.23	6.28	6.33	6.38	6.43	6.48
Woodie	5.54	5.91	6.07	6.44	6.60	6.97	7.13
Fibonacci	5.94	6.15	6.27	6.47	6.68	6.80	7.00

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	4.82	5.44	5.93	6.55	7.04	7.66	8.15
Camarilla	6.12	6.22	6.32	6.42	6.52	6.62	6.73
Woodie	4.76	5.41	5.87	6.52	6.98	7.63	8.09
Fibonacci	5.44	5.86	6.13	6.55	6.97	7.24	7.66

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	43.26
MACD (12,26,9):	-0.0500
Directional Movement:	-4.06
AROON (14):	-14.29
DEMA (21):	6.31
Parabolic SAR (0,02-0,02-0,2):	6.43
Elder Ray (13):	-0.04
Super Trend (3,10):	6.53
Zig ZAG (10):	6.32
VORTEX (21):	0.8300
Stochastique (14,3,5):	31.50
TEMA (21):	6.26
Williams %R (14):	-60.02
Chande Momentum Oscillator (20):	-0.04
Repulse (5,40,3):	-0.2000
ROCnROLL:	2
TRIX (15,9):	-0.1200
Courbe Coppock:	4.50

MA7:	6.44
MA20:	6.38
MA50:	6.30
MA100:	6.19
MAexp7:	6.32
MAexp20:	6.38
MAexp50:	6.42
MAexp100:	6.43
Price / MA7:	-2.02%
Price / MA20:	-1.10%
Price / MA50:	+0.16%
Price / MA100:	+1.94%
Price / MAexp7:	-0.16%
Price / MAexp20:	-1.10%
Price / MAexp50:	-1.71%
Price / MAexp100:	-1.87%

Quotes : - 15 min delayed data - NYSE MKT Stocks

News

Don't forget to follow the news on GRAN TIERRA ENERGY INC.. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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