TENARIS SA-ADR (TS) Stock Technical Analysis
NYSE:TS - New York Stock Exchange, Inc. - US88031M1099 - ADR - Currency: USD
Overall TS gets a technical rating of 2 out of 10. TS has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
In the last month TS has a been trading in the 34.48 - 38.98 range, which is quite wide. It is currently trading near the lows of this range.
TS is one of the better performing stocks in the Energy Equipment & Services industry, it outperforms 78% of 61 stocks in the same industry.
TS has an average volume of 1572370 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When comparing the yearly performance of all stocks, we notice that TS is one of the better performing stocks in the market, outperforming 74% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
TS is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TS is lagging the market.
Volume is considerably higher in the last couple of days.
The technical rating of TS 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
31.08
40.69
When analyzing the support we can see 4 important areas.
- Support @34.81 from a trend line in the daily time frame.
- Support @33.87 from a trend line in the weekly time frame.
- A support zone ranging from 32.33 to 32.34. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @31.39 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 36.10 to 36.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 37.09 to 37.60. 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 38.67 to 40.29. 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 | NEUTRAL | NEUTRAL | The long term trend for TS is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TS is down. |
| ChartMill Relative Strength | 74.6 | POSITIVE | TS has a high relative strength, it outperformed 74.6% off all stocks 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 | MIXED | The current price of TS is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 41.17 | NEUTRAL | The RSI value for TS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.38 | NEGATIVE | The MACD value suggests TS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 17.33 | OVERSOLD | The low Stochastics value suggests TS may be oversold. |
| Average True Range in percent/ATR (20) | 2.43 | MEDIUM VOLATILITY | The ATR as a percentage value for TS suggests some volalility. |
| Average Directional Index/ADX (14) | 20.05 | NEUTRAL | The ADX value for TS suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
35.33
-0.45 (-1.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg-1.26%
1 Week-4.92%
2 Weeks-9.04%
1 Month-8.4%
3 Month3.76%
6 Month-7.05%
12 Month27.5%
2 Year10.65%
3 Year29.32%
5 Year203%
10 Year32.57%
15 Year4.99%
Volatility
ATR(14)0.92
ATR(20)%2.43%
ATR Inc32.12%
Range Today0.94
ADR(20)0.67
ADR(20)%1.9%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.6
Mansfield-0.72
10 Day High38.55
10 Day Low34.48
20 Day High38.98
20 Day Low34.48
52 Week High40.87
52 Week Low27.59
CS1 End34.81
CR1 Start36.1
Volume & EV
DER(3)-1.03%
DER(5)-4.26%
Volume1.44M
Volume Incr87.12%
Vol(5)2.27M
Vol(50)1.57M