TENARIS SA-ADR (TS) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TS - US88031M1099 - ADR
Taking everything into account, TS scores 6 out of 10 in our technical rating. In the last year, TS was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
TS has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
32.01
We found 4 important support areas.
- Support @36.77 from a horizontal line in the daily time frame.
- A support zone ranging from 34.66 to 34.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @33.68 from a horizontal line in the daily time frame.
- A support zone ranging from 32.33 to 32.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 40.89 to 41.35. 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 TS is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TS is neutral. |
| ChartMill Relative Strength | 57.41 | NEUTRAL | TS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of TS is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 34.7 | NEUTRAL | The RSI value for TS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.4 | NEGATIVE | The MACD value suggests TS has a negative trend. |
| Stochastics (14,3) | 11.68 | OVERSOLD | The low Stochastics value suggests TS may be oversold. |
| Average True Range in percent/ATR (20) | 2.1 | MEDIUM VOLATILITY | The ATR as a percentage value for TS suggests some volalility. |
| Average Directional Index/ADX (14) | 19.8 | NEGATIVE | The low ADX value for TS suggests a weak or negative trend. |
37.76
-0.26 (-0.68%)
TENARIS SA-ADR / TS FAQ
Can you provide the ChartMill technical rating for TENARIS SA-ADR?
ChartMill assigns a technical rating of 6 / 10 to TS.
What is the current trend direction of TENARIS SA-ADR (TS) stock?
The current trend direction for TENARIS SA-ADR (TS) is Bullish.
Can you provide the RSI signal for TENARIS SA-ADR?
TENARIS SA-ADR (TS) has an RSI value of 34.6984. This indicates that the stock is currently neutral.
Can you provide the MACD signal for TENARIS SA-ADR?
The MACD indicator for TENARIS SA-ADR (TS) has a value of -0.403477, indicating a bearish trend.
What are the support and resistance levels for TENARIS SA-ADR (TS) stock?
TENARIS SA-ADR (TS) has a support level at 36.77 and a resistance level at 40.89. Check the full technical report for our detailed analysis of TS support and resistance levels.