TESSENDERLO GROUP (TESB.BR) Stock Technical Analysis
EBR:TESB - Euronext Brussels - BE0003555639 - Common Stock - Currency: EUR
Taking everything into account, TESB scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, TESB has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, TESB also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 26.81. 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
23.86
When analyzing the support we can see 2 important areas.
- A support zone ranging from 25.60 to 25.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @24.10 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 26.81 to 26.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for TESB.BR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TESB.BR is up. |
| ChartMill Relative Strength | 87.16 | POSITIVE | TESB.BR has a high relative strength, it outperformed 87.16% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TESB.BR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TESB.BR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TESB.BR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.6 | NEUTRAL | The RSI value for TESB.BR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests TESB.BR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 93.17 | OVERBOUGHT | The high Stochastics value suggests TESB.BR may be overbought. |
| Average True Range in percent/ATR (20) | 1.74 | LOW VOLATILITY | The low ATR as a percentage value for TESB.BR suggests low volalility. |
| Average Directional Index/ADX (14) | 21.99 | NEUTRAL | The ADX value for TESB.BR suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 26.91 | 25.49 | 1.42 (5.28%) | 18.95% |
| An entry @26.91. This is a Buy Stop order right above the resistance zone. | An exit @25.49. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.42 points, which is 5.28%. | For a 1.00% total portfolio risk, you can invest 18.95% of your capital in this trade. |
- 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.
EBR:TESB (5/29/2025, 7:00:00 PM)
26.8
-0.1 (-0.37%)