TEREX CORP (TEX) Stock Technical Analysis
NYSE:TEX • US8807791038
Taking everything into account, TEX scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, TEX has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- TEX is one of the better performing stocks in the Machinery industry, it outperforms 90% of 131 stocks in the same industry.
- TEX is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month TEX has a been trading in the 55.87 - 71.50 range, which is quite wide. It is currently trading near the high of this range.
- TEX has an average volume of 1948910 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, TEX did better than 92% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
Although TEX has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
46.41
3 important support areas can be observed.
- Support @61.53 from a trend line in the daily time frame.
- A support zone ranging from 58.91 to 59.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @46.88 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 69.23 to 69.51. 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 TEX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TEX is up. |
| ChartMill Relative Strength | 92.85 | POSITIVE | TEX has a high relative strength, it outperformed 92.85% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TEX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TEX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TEX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.24 | NEUTRAL | The RSI value for TEX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.47 | POSITIVE | The MACD value suggests TEX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.02 | OVERBOUGHT | The high Stochastics value suggests TEX may be overbought. |
| Average True Range in percent/ATR (20) | 4.95 | MEDIUM VOLATILITY | The ATR as a percentage value for TEX suggests some volalility. |
| Average Directional Index/ADX (14) | 25.76 | POSITIVE | The high ADX value value for TEX suggests a strong trend. |
68.17
-0.79 (-1.15%)
TEREX CORP / TEX FAQ
What is the ChartMill technical rating of TEREX CORP (TEX) stock?
ChartMill assigns a technical rating of 9 / 10 to TEX.
What is the current trend direction of TEREX CORP (TEX) stock?
The current trend direction for TEREX CORP (TEX) is Bullish.
What is the RSI signal for TEX stock?
TEREX CORP (TEX) has an RSI value of 61.237. This indicates that the stock is currently neutral.
What is the buy/sell signal for TEREX CORP (TEX) stock?
The buy/sell signal for TEREX CORP (TEX) is buy as both the short term and long term trends are positive.
What is the support and resistance level for TEX stock?
TEREX CORP (TEX) has a support level at 61.53 and a resistance level at 69.23. Check the full technical report for our detailed analysis of TEX support and resistance levels.