TEREX CORP (TEX) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TEX - US8807791038 - Common Stock
Taking everything into account, TEX scores 3 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. TEX was also a bad performer in the overall market in the last year.
The technical rating of TEX is bad and it also does not present a quality setup 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
42.03
4 important support areas can be observed.
- A support zone ranging from 48.33 to 49.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @44.12 from a trend line in the weekly time frame.
- Support @43.28 from a horizontal line in the weekly time frame.
- Support @42.45 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 49.68 to 50.29. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 55.27 to 56.40. This zone is formed by a combination of multiple trend lines in the weekly 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 TEX is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TEX is up. |
| ChartMill Relative Strength | 34.08 | NEUTRAL | TEX is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of TEX is below a declining 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) | 56.42 | NEUTRAL | The RSI value for TEX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.88 | POSITIVE | The MACD value suggests TEX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.39 | OVERBOUGHT | The high Stochastics value suggests TEX may be overbought. |
| Average True Range in percent/ATR (20) | 3.46 | MEDIUM VOLATILITY | The ATR as a percentage value for TEX suggests some volalility. |
| Average Directional Index/ADX (14) | 24.85 | NEUTRAL | The ADX value for TEX suggests a possible start of a new trend. |
49.32
-0.51 (-1.02%)
TEREX CORP / TEX FAQ
What is the ChartMill technical rating of TEREX CORP (TEX) stock?
ChartMill assigns a technical rating of 3 / 10 to TEX.
Can you provide the trend direction for TEREX CORP?
The current trend direction for TEREX CORP (TEX) is Bearish.
What is the RSI signal for TEREX CORP (TEX) stock?
TEREX CORP (TEX) has an RSI value of 56.4192. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for TEREX CORP?
TEREX CORP (TEX) has a support level at 49.31 and a resistance level at 49.68. Check the full technical report for our detailed analysis of TEX support and resistance levels.