TEREX CORP (TEX) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:TEX • US8807791038
Taking everything into account, TEX scores 8 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.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- TEX is part of the Machinery industry. There are 132 other stocks in this industry. TEX outperforms 79% of them.
- TEX is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so TEX is lagging the market slightly.
- TEX has an average volume of 1167510 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that TEX is one of the better performing stocks in the market, outperforming 82% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
- In the last month TEX has a been trading in the 53.20 - 62.51 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, TEX also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 57.67, a Stop Loss order could be placed below this zone.
More info and screens
43.89
4 important support areas can be observed.
- A support zone ranging from 57.67 to 57.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @48.33 from a horizontal line in the daily time frame.
- Support @46.05 from a trend line in the weekly time frame.
- Support @44.33 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 59.03 to 60.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @61.59 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 | UP | POSITIVE | The long term trend for TEX is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TEX is neutral. |
| ChartMill Relative Strength | 82.75 | POSITIVE | TEX has a high relative strength, it outperformed 82.75% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of TEX is below 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) | 50.29 | NEUTRAL | The RSI value for TEX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.52 | NEGATIVE | The MACD value suggests TEX has a negative trend. |
| Stochastics (14,3) | 36.57 | NEUTRAL | The Stochastics value for TEX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.52 | MEDIUM VOLATILITY | The ATR as a percentage value for TEX suggests some volalility. |
| Average Directional Index/ADX (14) | 28.18 | POSITIVE | The high ADX value value for TEX suggests a strong 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 |
|---|---|---|---|
| 60.41 | 57.66 | 2.75 (4.55%) | 21.97% |
| An entry @60.41. This is a Buy Stop order right above the resistance zone. | An exit @57.66. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.75 points, which is 4.55%. | For a 1.00% total portfolio risk, you can invest 21.97% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of TEX. Please evaluate whether better entry and exit points can be found.
- 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.
57.68
-1.09 (-1.85%)
TEREX CORP / TEX FAQ
What is the ChartMill technical rating of TEREX CORP (TEX) stock?
ChartMill assigns a technical rating of 8 / 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 50.2859. This indicates that the stock is currently neutral.
What are the support and resistance levels for TEREX CORP (TEX) stock?
TEREX CORP (TEX) has a support level at 57.67 and a resistance level at 59.03. Check the full technical report for our detailed analysis of TEX support and resistance levels.