TENARIS SA-ADR (TS) Stock Technical Analysis
NYSE:TS - New York Stock Exchange, Inc. - US88031M1099 - ADR - Currency: USD
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.
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.
TS is one of the better performing stocks in the Energy Equipment & Services industry, it outperforms 79% of 63 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.
In the last month TS has a been trading in the 34.38 - 38.77 range, which is quite wide. It is currently trading near the high of this range.
TS has an average volume of 1682670 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although TS has an excellent technical rating, it does not offer a high quality setup 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
30.99
40.69
When analyzing the support we can see 5 important areas.
- Support @37.60 from a horizontal line in the daily time frame.
- A support zone ranging from 35.50 to 36.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @33.85 from a trend line in the daily time frame.
- A support zone ranging from 32.34 to 33.28. 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.
We found 1 important resistance area.
- 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 | 74.83 | POSITIVE | TS has a high relative strength, it outperformed 74.83% 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) | 71.51 | OVERBOUGHT | The high RSI value suggests TS may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests TS has a positive trend. |
| Stochastics (14,3) | 87.6 | OVERBOUGHT | The high Stochastics value suggests TS may be overbought. |
| Average True Range in percent/ATR (20) | 1.83 | LOW VOLATILITY | The low ATR as a percentage value for TS suggests low volalility. |
| Average Directional Index/ADX (14) | 26.21 | 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)
38.39
-0.36 (-0.93%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg-0.93%
1 Week9.12%
2 Weeks5.38%
1 Month9.84%
3 Month16.82%
6 Month2.62%
12 Month25.32%
2 Year15.71%
3 Year38.1%
5 Year231.2%
10 Year54.08%
15 Year-3.25%
Volatility
ATR(14)0.73
ATR(20)%1.83%
ATR Inc89.61%
Range Today0.25
ADR(20)0.61
ADR(20)%1.59%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.83
Mansfield0.43
10 Day High38.77
10 Day Low35.36
20 Day High38.77
20 Day Low34.38
52 Week High40.87
52 Week Low27.24
CS1 End36.22
CR1 Start37.6
Volume & EV
DER(3)0.07%
DER(5)-0.25%
Volume564.92K
Volume Incr-0.5%
Vol(5)1.71M
Vol(50)1.68M