TENARIS SA-ADR (TS) Stock Technical Analysis
NYSE:TS - New York Stock Exchange, Inc. - US88031M1099 - ADR - Currency: USD
Taking everything into account, TS scores 7 out of 10 in our technical rating. TS has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
The long and short term trends are both positive. This is looking good!
TS is one of the better performing stocks in the Energy Equipment & Services industry, it outperforms 81% of 62 stocks in the same industry.
TS is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so TS is lagging the market slightly.
TS has an average volume of 1517530 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 71% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
In the last month TS has a been trading in the 35.36 - 38.97 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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
30.99
40.69
4 important support areas can be observed.
- Support @34.29 from a trend line in the daily time frame.
- Support @33.52 from a trend line in the weekly time frame.
- A support zone ranging from 32.33 to 32.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @31.30 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 37.27 to 38.17. 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 39.38 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 | 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 | 71.67 | POSITIVE | TS has a high relative strength, it outperformed 71.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of TS is below 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) | 52.34 | NEUTRAL | The RSI value for TS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests TS has a negative trend. |
| Stochastics (14,3) | 74.15 | NEUTRAL | The Stochastics value for TS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.03 | MEDIUM VOLATILITY | The ATR as a percentage value for TS suggests some volalility. |
| Average Directional Index/ADX (14) | 26.39 | POSITIVE | The high ADX value value for TS suggests a strong 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)
37.25
-0.95 (-2.49%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg-2.49%
1 Week-4.12%
2 Weeks-0.4%
1 Month3.5%
3 Month12%
6 Month-3.67%
12 Month17.81%
2 Year11.23%
3 Year32.75%
5 Year218.38%
10 Year48.11%
15 Year-6.99%
Volatility
ATR(14)0.8
ATR(20)%2.03%
ATR Inc5.86%
Range Today0.77
ADR(20)0.62
ADR(20)%1.67%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS71.67
Mansfield-0.03
10 Day High38.97
10 Day Low36.74
20 Day High38.97
20 Day Low35.36
52 Week High40.87
52 Week Low27.24
CS1 End34.29
CR1 Start37.27
Volume & EV
DER(3)-1.05%
DER(5)-1.69%
Volume778.24K
Volume Incr-34.02%
Vol(5)1.06M
Vol(50)1.52M