TENARIS SA (TEN.MI) Stock Technical Analysis
BIT:TEN - Euronext Milan - LU2598331598 - Common Stock - Currency: EUR
We assign a technical rating of 4 out of 10 to TEN. In the past year, TEN was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
63% of all other stocks performed better in the past year than TEN.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month TEN has a been trading in the 14.04 - 16.05 range, which is quite wide. It is currently trading near the high of this range.
TEN has an average volume of 2288050 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
TEN is an average performer in the Energy Equipment & Services industry, it outperforms 51% of 36 stocks in the same industry.
TEN is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so TEN is lagging the market slightly.
Volume is considerably higher in the last couple of days.
Although the technical rating is only medium, TEN does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 15.78. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
13.64
19.26
3 important support areas can be observed.
- A support zone ranging from 14.65 to 14.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 14.12 to 14.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 13.78 to 13.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 15.78 to 15.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @17.73 from a trend line in the daily time frame.
- Resistance @18.45 from a horizontal line in the weekly time frame.
- Resistance @19.07 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for TEN.MI is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TEN.MI is up. |
| ChartMill Relative Strength | 37.37 | NEUTRAL | TEN.MI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TEN.MI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TEN.MI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of TEN.MI is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.53 | NEUTRAL | The RSI value for TEN.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests TEN.MI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.23 | OVERBOUGHT | The high Stochastics value suggests TEN.MI may be overbought. |
| Average True Range in percent/ATR (20) | 2.44 | MEDIUM VOLATILITY | The ATR as a percentage value for TEN.MI suggests some volalility. |
| Average Directional Index/ADX (14) | 22.83 | NEUTRAL | The ADX value for TEN.MI suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
BIT:TEN (6/19/2025, 5:36:15 PM)
15.71
-0.06 (-0.38%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg-0.38%
1 Week0.93%
2 Weeks3.68%
1 Month7.65%
3 Month-13.3%
6 Month-12.14%
12 Month9.97%
2 Year14.98%
3 Year28.52%
5 Year174.36%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.36
ATR(20)%2.44%
ATR Inc-14.18%
Range Today0.26
ADR(20)0.35
ADR(20)%2.25%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS37.37
Mansfield-0.42
10 Day High16.05
10 Day Low15.08
20 Day High16.05
20 Day Low14.04
52 Week High19.45
52 Week Low12.05
CS1 End14.65
CR1 Start15.78
Volume & EV
DER(3)-0.23%
DER(5)-0.86%
Volume982.81K
Volume Incr27.44%
Vol(5)3.10M
Vol(50)2.29M