GRAN TIERRA ENERGY INC. - Daily - Technical analysis published on 09/30/2024 (GMT)
- 132
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
67%
11%
22%
My opinion
Bearish under 6.77 USD
My targets
5.88 USD (-7.26%)
5.26 USD (-17.03%)
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 6.77 USD. The next bearish objective for sellers is set at 5.88 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 5.26 USD. If there is any crossing, the next objective would be the support located at 4.75 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
3.2
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Additional analysis
Quotes
The GRAN TIERRA ENERGY INC. price is 6.34 USD. The price has increased by +2.92% since the last closing and was between 6.07 USD and 6.37 USD. This implies that the price is at +4.45% from its lowest and at -0.47% from its highest.6.07
6.37
6.34
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GRAN TIERRA ENERGY INC.:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this GRAN TIERRA ENERGY INC. chart shows a sharp bearish trend. The signals given by moving averages are 85.71% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Aroon indicator bullish trend
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of channel
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.75 | 5.26 | 5.88 | 6.34 | 6.37 | 7.07 | 7.98 |
| Change (%) | -25.08% | -17.03% | -7.26% | - | +0.47% | +11.51% | +25.87% |
| Change | -1.59 | -1.08 | -0.46 | - | +0.03 | +0.73 | +1.64 |
| Level | Major | Minor | Major | - | Intermediate | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.72 | 5.92 | 6.04 | 6.24 | 6.36 | 6.56 | 6.68 |
| Camarilla | 6.07 | 6.10 | 6.13 | 6.16 | 6.19 | 6.22 | 6.25 |
| Woodie | 5.68 | 5.90 | 6.00 | 6.22 | 6.32 | 6.54 | 6.64 |
| Fibonacci | 5.92 | 6.04 | 6.12 | 6.24 | 6.36 | 6.44 | 6.56 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.60 | 5.83 | 5.99 | 6.22 | 6.38 | 6.61 | 6.77 |
| Camarilla | 6.05 | 6.09 | 6.12 | 6.16 | 6.20 | 6.23 | 6.27 |
| Woodie | 5.58 | 5.81 | 5.97 | 6.20 | 6.36 | 6.59 | 6.75 |
| Fibonacci | 5.83 | 5.98 | 6.07 | 6.22 | 6.37 | 6.46 | 6.61 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.59 | 4.35 | 5.86 | 7.62 | 9.13 | 10.89 | 12.40 |
| Camarilla | 6.47 | 6.77 | 7.07 | 7.37 | 7.67 | 7.97 | 8.27 |
| Woodie | 2.47 | 4.29 | 5.74 | 7.56 | 9.01 | 10.83 | 12.28 |
| Fibonacci | 4.35 | 5.60 | 6.37 | 7.62 | 8.87 | 9.64 | 10.89 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 43.13 | |
| MACD (12,26,9): | -0.3700 | |
| Directional Movement: | -16.03 | |
| AROON (14): | 71.42 | |
| DEMA (21): | 5.91 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.89 | |
| Elder Ray (13): | -0.09 | |
| Super Trend (3,10): | 6.93 | |
| Zig ZAG (10): | 6.31 | |
| VORTEX (21): | 0.7100 | |
| Stochastique (14,3,5): | 67.65 | |
| TEMA (21): | 6.02 | |
| Williams %R (14): | -13.64 | |
| Chande Momentum Oscillator (20): | 0.48 | |
| Repulse (5,40,3): | 1.6700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.9800 | |
| Courbe Coppock: | 4.95 |
| MA7: | 6.25 | |
| MA20: | 6.25 | |
| MA50: | 7.49 | |
| MA100: | 8.52 | |
| MAexp7: | 6.24 | |
| MAexp20: | 6.46 | |
| MAexp50: | 7.26 | |
| MAexp100: | 7.73 | |
| Price / MA7: | +1.44% | |
| Price / MA20: | +1.44% | |
| Price / MA50: | -15.35% | |
| Price / MA100: | -25.59% | |
| Price / MAexp7: | +1.60% | |
| Price / MAexp20: | -1.86% | |
| Price / MAexp50: | -12.67% | |
| Price / MAexp100: | -17.98% |
Quotes :
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15 min delayed data
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NYSE MKT Stocks
News
The last news published on GRAN TIERRA ENERGY INC. at the time of the generation of this analysis was as follows:
- Connor Clark & Lunn Investment Management Ltd - Form 8.3 - Gran Tierra Energy Inc.
- Connor Clark & Lunn Investment Management Ltd - Form 8.3 - Gran Tierra Energy Inc.
- Connor Clark & Lunn Investment Management Ltd - Form 8.3 - Gran Tierra Energy Inc.
- Connor Clark & Lunn Investment Management Ltd - Form 8.3 - Gran Tierra Energy Inc.
- Connor Clark & Lunn Investment Management Ltd - Form 8.3 - Gran Tierra Energy Inc.
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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