Strong Growth Stock Technical Setups. Analyze technical breakout patterns in stocks which are growing strongly while having decent profitability and health.


TENARIS SA-ADR

35.45   +0.28 (+0.8%)

New York Stock Exchange, Inc. / Energy / Energy Equipment & Services

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Technical Rating

9

Taking everything into account, TS scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, TS has proven to be a steady performer, scoring decent points in every aspect analyzed.



The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
Looking at the yearly performance, TS did better than 90% of all other stocks. We also observe that the gains produced by TS over the past year are nicely spread over this period.
TS is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so TS slightly outperforms the market at the moment.
TS is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
TS has an average volume of 1789470 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
TS is part of the Energy Equipment & Services industry. There are 91 other stocks in this industry, TS did better than 59% of them.

Statistics

1 Month 3 Months 6 Months 12 Months 0.82% 7.20% 38.86% 35.10% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 90.86 22.24 - 38
TS Weekly chart
TS Daily chart

Support/Resistance Analysis


24.04

36.33
4 important support areas can be observed.
  • A support zone ranging from 33.84 to 34.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 31.55 to 31.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A support zone ranging from 25.95 to 26.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @24.28 from a horizontal line in the daily time frame.
We found 1 important resistance area.
  • A resistance zone ranging from 35.63 to 35.97. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

8

TS has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 34.69, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for TS in the last couple of days, which is a good sign.

  • Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.

Possible Trading Setup

The following trade can be suggested based on the decent technical rating and setup score.


ENTRYEXITDISTANCECAPITAL
35.9834.271.71 (4.75%)21.04%
An entry @35.98. This is a Buy Stop order right above the resistance zone.An exit @34.27. This is a Stop Loss order right below the 10 day low.The trade has a worst case loss of 1.71 points, which is 4.75%.When investing 21.04% of your capital in this trade, your total portfolio risk will be 1.00%.

  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.