GRAN TIERRA ENERGY INC. - Daily - Technical analysis published on 08/06/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
22%
67%
11%
My opinion
Bearish under 7.99 USD
My targets
7.09 USD (-6.22%)
6.05 USD (-19.97%)
My analysis
In the short term, we can see an acceleration in the bearish trend on GRAN TIERRA ENERGY INC., which is a positive signal for sellers. As long as the price remains above 7.99 USD, a sale could be considered. The first bearish objective is located at 7.09 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 6.05 USD as an objective. Crossing it would then enable sellers to target 5.62 USD. If the price were to return above 7.99 USD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5
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Additional analysis
Quotes
The GRAN TIERRA ENERGY INC. rating is 7.56 USD. The price is lower by -1.05% since the last closing and was between 7.54 USD and 7.86 USD. This implies that the price is at +0.27% from its lowest and at -3.82% from its highest.7.54
7.86
7.56
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this Daily chart of GRAN TIERRA ENERGY INC. indicates that the overall trend is bearish. 67.86% of the signals given by moving averages are bearish. This 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 on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : Daily
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : Daily
RSI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish doji star
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.62 | 6.05 | 7.09 | 7.56 | 7.99 | 8.43 | 10.06 |
| Change (%) | -25.66% | -19.97% | -6.22% | - | +5.69% | +11.51% | +33.07% |
| Change | -1.94 | -1.51 | -0.47 | - | +0.43 | +0.87 | +2.50 |
| Level | Intermediate | Intermediate | Major | - | Minor | Intermediate | Major |
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 | 5.08 | 5.59 | 6.62 | 7.13 | 8.16 | 8.67 | 9.70 |
| Camarilla | 7.22 | 7.36 | 7.50 | 7.64 | 7.78 | 7.92 | 8.06 |
| Woodie | 5.33 | 5.72 | 6.87 | 7.26 | 8.41 | 8.80 | 9.95 |
| Fibonacci | 5.59 | 6.18 | 6.55 | 7.13 | 7.72 | 8.09 | 8.67 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.35 | 6.53 | 7.13 | 8.31 | 8.91 | 10.09 | 10.69 |
| Camarilla | 7.24 | 7.40 | 7.57 | 7.73 | 7.89 | 8.06 | 8.22 |
| Woodie | 5.06 | 6.39 | 6.84 | 8.17 | 8.62 | 9.95 | 10.40 |
| Fibonacci | 6.53 | 7.21 | 7.63 | 8.31 | 8.99 | 9.41 | 10.09 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.59 | 7.55 | 8.42 | 9.38 | 10.25 | 11.21 | 12.08 |
| Camarilla | 8.78 | 8.95 | 9.11 | 9.28 | 9.45 | 9.62 | 9.78 |
| Woodie | 6.54 | 7.53 | 8.37 | 9.36 | 10.20 | 11.19 | 12.03 |
| Fibonacci | 7.55 | 8.25 | 8.68 | 9.38 | 10.08 | 10.51 | 11.21 |
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): | 26.96 | |
| MACD (12,26,9): | -0.4700 | |
| Directional Movement: | -35.07 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 8.49 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.86 | |
| Elder Ray (13): | -1.00 | |
| Super Trend (3,10): | 8.76 | |
| Zig ZAG (10): | 7.61 | |
| VORTEX (21): | 0.7700 | |
| Stochastique (14,3,5): | 24.81 | |
| TEMA (21): | 8.00 | |
| Williams %R (14): | -62.16 | |
| Chande Momentum Oscillator (20): | -2.03 | |
| Repulse (5,40,3): | 0.2300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.3400 | |
| Courbe Coppock: | 31.49 |
| MA7: | 8.40 | |
| MA20: | 9.28 | |
| MA50: | 9.48 | |
| MA100: | 8.80 | |
| MAexp7: | 8.26 | |
| MAexp20: | 8.99 | |
| MAexp50: | 9.17 | |
| MAexp100: | 8.67 | |
| Price / MA7: | -10.00% | |
| Price / MA20: | -18.53% | |
| Price / MA50: | -20.25% | |
| Price / MA100: | -14.09% | |
| Price / MAexp7: | -8.47% | |
| Price / MAexp20: | -15.91% | |
| Price / MAexp50: | -17.56% | |
| Price / MAexp100: | -12.80% |
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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