TENARIS SA-ADR (TS) Stock Technical Analysis
NYSE:TS - New York Stock Exchange, Inc. - US88031M1099 - ADR - Currency: USD
We assign a technical rating of 0 out of 10 to TS. TS's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, TS is a bad performer in the overall market: 70% of all stocks are doing better.
In the last month TS has a been trading in the 31.76 - 35.11 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
TS is one of the better performing stocks in the Energy Equipment & Services industry, it outperforms 75% of 62 stocks in the same industry.
TS has an average volume of 1697220 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
TS is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so TS is lagging the market slightly.
The technical rating of TS is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
30.99
40.34
We found 1 important support area.
- A support zone ranging from 31.30 to 31.31. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 33.66 to 34.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 34.72 to 35.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @37.60 from a horizontal line in the daily time frame.
- A resistance zone ranging from 39.41 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 | DOWN | NEGATIVE | The long term trend for TS is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TS is down. |
| ChartMill Relative Strength | 30.77 | 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) | UP | MIXED | The current price of TS is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 37.15 | NEUTRAL | The RSI value for TS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests TS has a negative trend. |
| Stochastics (14,3) | 20.62 | NEUTRAL | The Stochastics value for TS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.34 | MEDIUM VOLATILITY | The ATR as a percentage value for TS suggests some volalility. |
| Average Directional Index/ADX (14) | 22.97 | 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)
32.39
-0.49 (-1.49%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg-1.49%
1 Week-6.09%
2 Weeks-3.66%
1 Month-3.08%
3 Month-14.22%
6 Month-13.44%
12 Month-3.6%
2 Year30.82%
3 Year-2.85%
5 Year155.84%
10 Year12.58%
15 Year-12.74%
Volatility
ATR(14)0.67
ATR(20)%2.34%
ATR Inc-12.42%
Range Today0.52
ADR(20)0.61
ADR(20)%1.88%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS30.77
Mansfield-0.69
10 Day High35.11
10 Day Low32
20 Day High35.11
20 Day Low31.76
52 Week High40.87
52 Week Low27.24
CS1 End31.31
CR1 Start33.66
Volume & EV
DER(3)-2.25%
DER(5)-0.09%
Volume1.24M
Volume Incr-23%
Vol(5)1.33M
Vol(50)1.70M