RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of GTE
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Green day on Wednesday for Gran Tierra Energy
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 07, 2024 Gain 21.70% PDF

The Gran Tierra Energy stock price gained 1.01% on the last trading day (Wednesday, 27th Mar 2024), rising from $6.94 to $7.01. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.18% from a day low at $6.88 to a day high of $7.03. The price has risen in 9 of the last 10 days and is up by 14.92% over the past 2 weeks. Volume fell on the last day by -210 thousand shares and in total, 203 thousand shares were bought and sold for approximately $1.42 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock has broken the wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $6.37, a level that may pose a second chance to hit a runner. According to fan-theory $7.16 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

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GTE Signals & Forecast

The Gran Tierra Energy stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $6.74 and $5.76. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, February 05, 2024, and so far it has risen 44.24%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

Support, Risk & Stop-loss for Gran Tierra Energy stock

On the downside, the stock finds support just below today's level from accumulated volume at $5.76 and $5.58. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Gran Tierra Energy finds support just below today's level at $5.76. If this is broken, then the next support from accumulated volume will be at $5.58 and $5.52.

This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.150 between high and low, or 2.18%. For the last week the stock has had daily average volatility of 2.96%.

The Gran Tierra Energy stock is extremely overbought on RSI14 (92). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stop-loss: $6.82 (-2.66%) (This stock has high daily movements and this gives high risk. The RSI14 is 92 and this increases the risk substantially. There is a buy signal from a pivot bottom found 36 days ago.)

Trading Expectations (GTE) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Gran Tierra Energy Inc to open at $6.97, and during the day (based on 14 day Average True Range), to move between $6.79 and $7.23, which gives a possible trading interval of +/-$0.216 (+/-3.08%) up or down from last closing price. If Gran Tierra Energy Inc takes out the full calculated possible swing range there will be an estimated 6.15% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $5.76, some $1.25 (17.83%) from the current price of $7.01, our system finds the risk reward attractive.

Is Gran Tierra Energy Inc stock A Buy?

Gran Tierra Energy holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Gran Tierra Energy Inc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$6.97 ( 0.523%) $7.01

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for GTE

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 7.12 1.62 %
R2 7.07 0.799 %
R1 7.03 0.294 %
Current price: 7.01
Support S1 6.92 -1.34 %
S2 6.88 -1.85 %
S3 6.82 -2.66 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 7.01
Support S1 5.76 -17.83%
S2 5.58 -20.40%
S3 5.52 -21.26%

FAQ

What is the symbol for Gran Tierra Energy Stock and on which exchange is it traded?
The symbol for Gran Tierra Energy is GTE and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Gran Tierra Energy Stock?
Gran Tierra Energy holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

How to buy Gran Tierra Energy Stock?
Gran Tierra Energy Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Gran Tierra Energy Stock.

What's the current price of Gran Tierra Energy Stock?
As of the end of day on the 2024-03-27, the price of an Gran Tierra Energy (GTE) share was $7.01.

What is the 52-week high and low for Gran Tierra Energy Stock?
The 52-week high for Gran Tierra Energy Stock is $7.25 and the 52-week low is $0.600.

What is the market capitalization of Gran Tierra Energy Stock?
As of the 2024-03-27, the market capitalization of Gran Tierra Energy is 226.048M.

When is the next earnings date for Gran Tierra Energy?
The upcoming earnings date for Gran Tierra Energy is May 07, 2024.
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About Gran Tierra Energy Inc

Gran Tierra Energy Gran Tierra Energy Inc., together with its subsidiaries, engages in the exploration and production of oil and gas properties in Colombia and Ecuador. As of December 31, 2021, it had total proved undeveloped reserves of 24.8 million barrels of oil equivalent in Colombia. The company was incorporated in 2003 and is headquartered in Calgary, Canada.... GTE Profile

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