TENARIS SA-ADR (TS) Stock Technical Analysis
NYSE:TS • US88031M1099
We assign a technical rating of 10 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.
- Looking at the yearly performance, TS did better than 88% of all other stocks.
- TS is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month TS has a been trading in the 43.77 - 54.60 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- TS has an average volume of 1408390 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- TS is an average performer in the Energy Equipment & Services industry, it outperforms 60% of 61 stocks in the same industry.
- 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. 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
34.57
When analyzing the support we can see 4 important areas.
- A support zone ranging from 41.33 to 41.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @36.77 from a horizontal line in the daily time frame.
- Support @35.65 from a trend line in the weekly time frame.
- Support @34.92 from a trend line in the daily time frame.
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 | 88.65 | POSITIVE | TS has a high relative strength, it outperformed 88.65% 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) | 75.69 | OVERBOUGHT | The high RSI value suggests TS may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.54 | POSITIVE | The MACD value suggests TS has a positive trend. |
| Stochastics (14,3) | 87.38 | OVERBOUGHT | The high Stochastics value suggests TS may be overbought. |
| Average True Range in percent/ATR (20) | 2.59 | MEDIUM VOLATILITY | The ATR as a percentage value for TS suggests some volalility. |
| Average Directional Index/ADX (14) | 43.44 | POSITIVE | The high ADX value value for TS suggests a strong trend. |
54.09
+0.52 (+0.97%)
TENARIS SA-ADR / TS FAQ
Can you provide the ChartMill technical rating for TENARIS SA-ADR?
ChartMill assigns a technical rating of 10 / 10 to TS.
What is the trend direction for 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 75.6881. This indicates that the stock is currently overbought.
What is the buy/sell signal for TS stock?
The buy/sell signal for TENARIS SA-ADR (TS) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for TENARIS SA-ADR (TS) stock?
TENARIS SA-ADR (TS) has a support level at 41.83. Check the full technical report for our detailed analysis of TS support and resistance levels.