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. - Daily - Technical analysis published on 10/30/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

33%

My opinion

Bearish under 6.44 USD

My targets

5.87 USD (-6.83%)

5.61 USD (-10.90%)

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 6.44 USD. The next support located at 5.87 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 5.61 USD. Below this support, sellers could then target 4.75 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

6.1

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

GRAN TIERRA ENERGY INC. rating 6.30 USD. On the day, this instrument lost -0.32% and was traded between 6.25 USD and 6.52 USD over the period. The price is currently at +0.80% from its lowest and -3.37% from its highest.

6.25

6.52

6.30

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

Here is a more detailed summary of the historical variations registered by GRAN TIERRA ENERGY INC.:

The Central Records scanner for higher/lower results shows an item:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily 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. The overall trend is supported by the strong bearish signals from 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.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near resistance of channel

Type : Bearish

Timeframe : Daily

Near resistance of triangle

Type : Bearish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	4.75	5.87	6.30	7.07	7.98	9.32
Change (%)	-24.60%	-6.83%	-	+12.22%	+26.67%	+47.94%
Change	-1.55	-0.43	-	+0.77	+1.68	+3.02
Level	Major	Intermediate	-	Intermediate	Minor	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	6.00	6.07	6.19	6.26	6.38	6.45	6.57
Camarilla	6.27	6.29	6.30	6.32	6.34	6.36	6.37
Woodie	6.04	6.08	6.23	6.27	6.42	6.46	6.61
Fibonacci	6.07	6.14	6.18	6.26	6.33	6.37	6.45

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	5.83	6.00	6.18	6.35	6.53	6.70	6.88
Camarilla	6.27	6.31	6.34	6.37	6.40	6.43	6.47
Woodie	5.85	6.00	6.20	6.35	6.55	6.70	6.90
Fibonacci	6.00	6.13	6.21	6.35	6.48	6.56	6.70

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	4.13	4.96	5.61	6.44	7.09	7.92	8.57
Camarilla	5.86	6.00	6.13	6.27	6.41	6.54	6.68
Woodie	4.05	4.92	5.53	6.40	7.01	7.88	8.49
Fibonacci	4.96	5.52	5.87	6.44	7.00	7.35	7.92

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):	46.71
MACD (12,26,9):	-0.0800
Directional Movement:	-2.60
AROON (14):	-35.72
DEMA (21):	6.25
Parabolic SAR (0,02-0,02-0,2):	6.54
Elder Ray (13):	0.04
Super Trend (3,10):	6.91
Zig ZAG (10):	6.32
VORTEX (21):	0.9700
Stochastique (14,3,5):	34.41
TEMA (21):	6.37
Williams %R (14):	-60.30
Chande Momentum Oscillator (20):	-0.27
Repulse (5,40,3):	0.0400
ROCnROLL:	2
TRIX (15,9):	-0.1900
Courbe Coppock:	6.00

MA7:	6.33
MA20:	6.42
MA50:	6.56
MA100:	7.93
MAexp7:	6.33
MAexp20:	6.38
MAexp50:	6.76
MAexp100:	7.26
Price / MA7:	-0.47%
Price / MA20:	-1.87%
Price / MA50:	-3.96%
Price / MA100:	-20.55%
Price / MAexp7:	-0.47%
Price / MAexp20:	-1.25%
Price / MAexp50:	-6.80%
Price / MAexp100:	-13.22%

Quotes : - 15 min delayed data - 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:

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

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