GRAN TIERRA ENERGY INC. - 1H - Technical analysis published on 07/26/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
39%
33%
My opinion
Bearish under 9.32 USD
My targets
9.05 USD (-2.27%)
8.70 USD (-6.05%)
My analysis
GRAN TIERRA ENERGY INC. is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 9.32 USD. The next support located at 9.05 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 8.70 USD. Below this support, sellers could then target 7.09 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GRAN TIERRA ENERGY INC. rating is 9.26 USD. On the day, this instrument lost -0.32% and was traded between 9.16 USD and 9.34 USD over the period. The price is currently at +1.09% from its lowest and -0.86% from its highest.9.16
9.34
9.26
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.04 | 7.09 | 9.05 | 9.26 | 9.32 | 9.55 | 9.74 |
| Change (%) | -34.77% | -23.43% | -2.27% | - | +0.65% | +3.13% | +5.18% |
| Change | -3.22 | -2.17 | -0.21 | - | +0.06 | +0.29 | +0.48 |
| Level | Intermediate | Major | Intermediate | - | Minor | 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 | 8.80 | 8.92 | 9.11 | 9.23 | 9.42 | 9.54 | 9.73 |
| Camarilla | 9.21 | 9.23 | 9.26 | 9.29 | 9.32 | 9.35 | 9.38 |
| Woodie | 8.83 | 8.94 | 9.14 | 9.25 | 9.45 | 9.56 | 9.76 |
| Fibonacci | 8.92 | 9.04 | 9.12 | 9.23 | 9.35 | 9.43 | 9.54 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.70 | 9.17 | 9.41 | 9.88 | 10.12 | 10.59 | 10.83 |
| Camarilla | 9.46 | 9.52 | 9.59 | 9.65 | 9.72 | 9.78 | 9.85 |
| Woodie | 8.59 | 9.11 | 9.30 | 9.82 | 10.01 | 10.53 | 10.72 |
| Fibonacci | 9.17 | 9.44 | 9.61 | 9.88 | 10.15 | 10.32 | 10.59 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.75 | 7.62 | 8.65 | 9.52 | 10.55 | 11.42 | 12.45 |
| Camarilla | 9.15 | 9.32 | 9.50 | 9.67 | 9.84 | 10.02 | 10.19 |
| Woodie | 6.82 | 7.66 | 8.72 | 9.56 | 10.62 | 11.46 | 12.52 |
| Fibonacci | 7.62 | 8.35 | 8.80 | 9.52 | 10.25 | 10.70 | 11.42 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 38.29 | |
| MACD (12,26,9): | -0.1100 | |
| Directional Movement: | -15.29 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 9.18 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.42 | |
| Elder Ray (13): | -0.08 | |
| Super Trend (3,10): | 9.54 | |
| Zig ZAG (10): | 9.21 | |
| VORTEX (21): | 0.8900 | |
| Stochastique (14,3,5): | 25.86 | |
| TEMA (21): | 9.17 | |
| Williams %R (14): | -71.93 | |
| Chande Momentum Oscillator (20): | -0.16 | |
| Repulse (5,40,3): | -0.6400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1800 | |
| Courbe Coppock: | 5.61 |
| MA7: | 9.56 | |
| MA20: | 9.78 | |
| MA50: | 9.57 | |
| MA100: | 8.61 | |
| MAexp7: | 9.24 | |
| MAexp20: | 9.34 | |
| MAexp50: | 9.53 | |
| MAexp100: | 9.66 | |
| Price / MA7: | -3.14% | |
| Price / MA20: | -5.32% | |
| Price / MA50: | -3.24% | |
| Price / MA100: | +7.55% | |
| Price / MAexp7: | +0.22% | |
| Price / MAexp20: | -0.86% | |
| Price / MAexp50: | -2.83% | |
| Price / MAexp100: | -4.14% |
Quotes :
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15 min delayed data
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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:
- Gran Tierra Energy Inc. Completes Reverse Stock Split
- Gran Tierra Energy Inc. Announces Reverse Stock Split
- Gran Tierra Energy Announces Final Voting Results of its Annual Meeting of Stockholders
- Gran Tierra Energy Announces Final Voting Results of its Annual Meeting of Stockholders
- Gran Tierra Energy Inc. Announces First Quarter 2023 Results
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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