TENARIS SA-ADR (TS)       32.76  -0.32 (-0.97%)

32.76  -0.32 (-0.97%)

US88031M1099 - ADR - Premarket: 32.28 -0.48 (-1.47%)

Technical Rating

5

Taking everything into account, TS scores 5 out of 10 in our technical rating. In the last year, TS was one of the better performers, but we do observe some doubts in the very recent evolution.



The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
TS has an average volume of 1840650 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that TS is one of the better performing stocks in the market, outperforming 82% of all stocks. We also observe that the gains produced by TS over the past year are nicely spread over this period. However, this overall performance is mostly based on the strong move around 4 months ago.
TS is part of the Energy Equipment & Services industry. There are 91 other stocks in this industry, TS did better than 46% of them.
TS is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
In the last month TS has a been trading in the 32.47 - 38.00 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.

Statistics

1 Month 3 Months 6 Months 12 Months -0.33% -0.94% 28.32% 24.85% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 82.94 22.24 - 38
TS Weekly chart
TS Daily chart

Support/Resistance Analysis


24.04

36.33
When analyzing the support we can see 3 important areas.
  • A support zone ranging from 31.55 to 31.70. This zone is formed by a combination of multiple trend lines in the daily time frame.
  • A support zone ranging from 26.01 to 26.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @24.28 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
  • A resistance zone ranging from 34.10 to 34.80. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • A resistance zone ranging from 35.63 to 35.97. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

3

TS has an average technical rating and it also 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.


TS Daily chart

TENARIS SA-ADR32.76

NYSE:TS (2/3/2023, 7:12:21 PM)-0.32 (-0.97%)

Premarket: 32.28 -0.48 (-1.47%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Energy
GICS Industry Energy Equipment & Services

Performance
Today -0.97% 1 Week -7.46%
2 Weeks -8.03% 1 Month -0.33%
3 Month -0.94% 6 Month 28.32%

Volatility
ATR(14) 1.08 ATR(20)% 3.11%
ATR Inc 51.05% Range Today 1.05

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
CRS 82.94 Mansfield 0.67
10 Day High 36.12 10 Day Low 32.47
20 Day High 38 20 Day Low 32.47
52 Week High 38 52 Week Low 22.24
CS1 End 31.7 CR1 Start 34.1

Volume & EV
DER(3) -2.51% DER(5) 0.81%
Volume 3.14M Volume Incr 15.95%
Vol(5) 2.30M Vol(50) 1.84M

Technical Stock Screener Links

Screen Image

Technical Stock Screener

Find stocks with similar TA and Setup ratings on the USA

Screen Image

Best Technical Competitors Stock Screener

Find the competitors with the best technical ratings on the USA

Screen Image

Best Technical Setups Competitors Stock Screener

Find the competitors with the best technical and setup ratings on the USA