TENARIS SA-ADR (TS) Stock Technical Analysis
USA - NYSE:TS - US88031M1099 - ADR
Taking everything into account, TS scores 8 out of 10 in our technical rating. Although TS is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although TS has an excellent technical rating, it does not offer a high 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
32.43
4 important support areas can be observed.
- A support zone ranging from 39.80 to 40.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 36.01 to 36.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 34.08 to 34.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @32.76 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 40.12 to 40.74. 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 | UP | POSITIVE | The short term trend for TS is up. |
| ChartMill Relative Strength | 72.49 | POSITIVE | TS has a high relative strength, it outperformed 72.49% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TS is above 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) | 68.24 | NEUTRAL | The RSI value for TS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.5 | POSITIVE | The MACD value suggests TS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90.08 | OVERBOUGHT | The high Stochastics value suggests TS may be overbought. |
| Average True Range in percent/ATR (20) | 2.27 | MEDIUM VOLATILITY | The ATR as a percentage value for TS suggests some volalility. |
| Average Directional Index/ADX (14) | 30.83 | POSITIVE | The high ADX value value for TS suggests a strong trend. |
40.11
+0.3 (+0.75%)
TENARIS SA-ADR / TS FAQ
Can you provide the ChartMill technical rating for TENARIS SA-ADR?
ChartMill assigns a technical rating of 8 / 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 68.2395. 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 0.504858, 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 40.1 and a resistance level at 40.12. Check the full technical report for our detailed analysis of TS support and resistance levels.