TENARIS SA-ADR (TS) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TS - US88031M1099 - ADR
We assign a technical rating of 9 out of 10 to TS. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, TS is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- TS is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month TS has a been trading in the 38.08 - 44.25 range, which is quite wide. It is currently trading near the high of this range.
- TS has an average volume of 1132850 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 TS is one of the better performing stocks in the market, outperforming 81% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- TS is part of the Energy Equipment & Services industry. There are 62 other stocks in this industry, TS did better than 60% of them.
Although TS has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
32.43
5 important support areas can be observed.
- A support zone ranging from 39.42 to 40.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 37.75 to 37.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @36.77 from a horizontal line in the daily time frame.
- A support zone ranging from 34.61 to 35.16. 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.
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 | 81.66 | POSITIVE | TS has a high relative strength, it outperformed 81.66% 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) | 70.11 | OVERBOUGHT | The high RSI value suggests TS may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.41 | POSITIVE | The MACD value suggests TS has a positive trend. |
| Stochastics (14,3) | 90.36 | OVERBOUGHT | The high Stochastics value suggests TS may be overbought. |
| Average True Range in percent/ATR (20) | 2.01 | MEDIUM VOLATILITY | The ATR as a percentage value for TS suggests some volalility. |
| Average Directional Index/ADX (14) | 24.48 | NEUTRAL | The ADX value for TS suggests a possible start of a new trend. |
44.21
+1.86 (+4.39%)
TENARIS SA-ADR / TS FAQ
Can you provide the ChartMill technical rating for TENARIS SA-ADR?
ChartMill assigns a technical rating of 9 / 10 to TS.
What is the trend direction for 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 70.1061. This indicates that the stock is currently overbought.
What is the buy/sell signal for TS stock?
The buy/sell signal for TENARIS SA-ADR (TS) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for TENARIS SA-ADR (TS) stock?
TENARIS SA-ADR (TS) has a support level at 40.22. Check the full technical report for our detailed analysis of TS support and resistance levels.