TENARIS SA-ADR (TS) Stock Technical Analysis
USA - NYSE:TS - US88031M1099 - ADR
34.92 USD
-0.2 (-0.57%)
34.92 USD
0 (0%)
We assign a technical rating of 1 out of 10 to TS. 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.
TS is part of the Energy Equipment & Services industry. There are 61 other stocks in this industry. TS outperforms 71% of them.
TS has an average volume of 1556830 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
When compared to the yearly performance of all other stocks, TS outperforms 54% of them, which is more or less in line with the market.
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.
In the last month TS has a been trading in a tight range between 34.64 and 36.69.
Although the technical rating is bad, TS does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 34.66, a Stop Loss order could be placed below this zone.
More info and screens
32.01
40.34
When analyzing the support we can see 2 important areas.
- A support zone ranging from 34.59 to 34.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @32.33 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 35.23 to 36.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @37.80 from a trend line in the daily time frame.
- A resistance zone ranging from 38.67 to 39.94. 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 | 54.22 | 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) | DOWN | NEGATIVE | The current price of TS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.31 | NEUTRAL | The RSI value for TS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests TS has a negative trend. |
| Stochastics (14,3) | 24.91 | NEUTRAL | The Stochastics value for TS is a neutral value. |
| 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) | 11.8 | NEGATIVE | The low ADX value for TS suggests a weak or negative 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)
34.92
-0.2 (-0.57%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg-0.57%
1 Week-2.54%
2 Weeks0.11%
1 Month-2.68%
3 Month-4.2%
6 Month-11.3%
12 Month18.33%
2 Year10.51%
3 Year35.14%
5 Year254.52%
10 Year44.84%
15 Year-9.11%
Volatility
ATR(14)0.77
ATR(20)%2.01%
ATR Inc-44.62%
Range Today0.27
ADR(20)0.63
ADR(20)%1.81%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS54.22
Mansfield-1.31
10 Day High36.58
10 Day Low34.64
20 Day High36.69
20 Day Low34.64
52 Week High40.87
52 Week Low29.29
CS1 End34.66
CR1 Start35.23
Volume & EV
DER(3)0.74%
DER(5)1.85%
Volume1.53M
Volume Incr-26.48%
Vol(5)1.32M
Vol(50)1.56M