TENARIS SA-ADR (TS) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TS - US88031M1099 - ADR
We assign a technical rating of 8 out of 10 to TS. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, TS is only an average performer.
Besides having an excellent technical rating, TS also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 39.94, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for TS in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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32.43
When analyzing the support we can see 4 important areas.
- A support zone ranging from 39.61 to 39.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 36.77 to 37.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 34.28 to 34.39. 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.
We found 1 important resistance area.
- A resistance zone ranging from 39.99 to 41.29. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 75.87 | POSITIVE | TS has a high relative strength, it outperformed 75.87% 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) | 57.67 | NEUTRAL | The RSI value for TS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests TS has a negative trend. |
| Stochastics (14,3) | 22.51 | NEUTRAL | The Stochastics value for TS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.2 | MEDIUM VOLATILITY | The ATR as a percentage value for TS suggests some volalility. |
| Average Directional Index/ADX (14) | 32.33 | POSITIVE | The high ADX value value for TS suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 40.54 | 39.60 | 0.94 (2.32%) | 25.00% |
| An entry @40.54. This is a Buy Stop order right above the 10 day moving average. | An exit @39.60. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.94 points, which is 2.32%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.58%. |
- The distance between exit and entry is rather small compared to the average daily movement of TS. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
39.95
+0.33 (+0.83%)
TENARIS SA-ADR / TS FAQ
Can you provide the ChartMill technical rating for TENARIS SA-ADR?
ChartMill assigns a technical rating of 8 / 10 to TS.
What is the current trend direction of TENARIS SA-ADR (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 57.6713. This indicates that the stock is currently neutral.
Can you provide the MACD signal for TENARIS SA-ADR?
The MACD indicator for TENARIS SA-ADR (TS) has a value of -0.219368, indicating a bearish trend.
What are the support and resistance levels for TENARIS SA-ADR (TS) stock?
TENARIS SA-ADR (TS) has a support level at 39.94 and a resistance level at 39.99. Check the full technical report for our detailed analysis of TS support and resistance levels.