TEREX CORP (TEX) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TEX - US8807791038 - Common Stock
Taking everything into account, TEX scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, TEX is only an average performer.
Although TEX has an excellent technical rating, the quality of the presented setup is not ideal 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.
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43.06
When analyzing the support we can see 5 important areas.
- A support zone ranging from 54.29 to 55.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 52.75 to 53.37. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @48.33 from a horizontal line in the daily time frame.
- Support @44.95 from a trend line in the weekly time frame.
- Support @43.49 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 56.14 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 | 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 | 77.09 | POSITIVE | TEX has a high relative strength, it outperformed 77.09% 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) | 63.88 | NEUTRAL | The RSI value for TEX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests TEX has a positive trend. |
| Stochastics (14,3) | 70.83 | NEUTRAL | The Stochastics value for TEX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.65 | MEDIUM VOLATILITY | The ATR as a percentage value for TEX suggests some volalility. |
| Average Directional Index/ADX (14) | 29.43 | 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 |
|---|---|---|---|
| 56.41 | 54.28 | 2.13 (3.78%) | 25.00% |
| An entry @56.41. This is a Buy Stop order right above the resistance zone. | An exit @54.28. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.13 points, which is 3.78%. | For a 0.94% total portfolio risk, you can invest 25.00% 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.
55.03
+1.65 (+3.09%)
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 63.8822. 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 55.02 and a resistance level at 56.14. Check the full technical report for our detailed analysis of TEX support and resistance levels.