TENARIS SA-ADR (TS)
US88031M1099 - ADR
We assign a technical rating of 8 out of 10 to TS. In the last year, TS was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month TS has a been trading in the 37.09 - 40.73 range, which is quite wide. It is currently trading near the lows of this range.
When comparing the yearly performance of all stocks, we notice that TS is one of the better performing stocks in the market, outperforming 84% of all stocks. We also observe that the gains produced by TS over the past year are nicely spread over this period.
TS is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so TS is performing more or less in line with the market.
TS has an average volume of 1949430 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
TS is an average performer in the Energy Equipment & Services industry, it outperforms 65% of 65 stocks in the same industry.
Although TS has an excellent technical rating, the quality of the presented setup is not ideal 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
27.45
40.69
When analyzing the support we can see 5 important areas.
- A support zone ranging from 37.05 to 37.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @33.43 from a trend line in the weekly time frame.
- Support @32.51 from a trend line in the daily time frame.
- A support zone ranging from 31.32 to 31.44. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @27.73 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 39.95 to 40.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.95
Mansfield0.32
10 Day High39.95
10 Day Low37.09
20 Day High40.73
20 Day Low37.09
52 Week High40.73
52 Week Low24.69
Performance
1 Week-2.05%
2 Weeks-6.65%
1 Month-5.5%
3 Month13.19%
6 Month18.78%
12 Month29.99%
2 Year23.66%
3 Year74.56%
5 Year34.54%
10 Year-15.28%
15 Year49.16%
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)
Technical Indicators
MACD(12,26,9)-0.34
RSI(14)39.96
LBB36.63
UBB40.53
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 |
|---|---|---|---|
| 38.06 | 37.08 | 0.99 (2.60%) | 25.00% |
| An entry @38.06. This is a Buy Stop order right above the 10 day moving average. | An exit @37.08. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.99 points, which is 2.60%. | For a 0.65% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
TENARIS SA-ADR
NYSE:TS (4/24/2024, 7:04:00 PM)
Premarket: 37.4 +0.08 (+0.21%)37.32
-0.55 (-1.45%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg-1.45%
1 Week-2.05%
2 Weeks-6.65%
1 Month-5.5%
3 Month13.19%
6 Month18.78%
12 Month29.99%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.74
ATR(20)%1.98%
ATR Inc
Range Today0.45
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High39.95
10 Day Low37.09
20 Day High40.73
20 Day Low37.09
52 Week High40.73
52 Week Low24.69
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume2.50M
Volume Incr12.19%
Vol(5)1.76M
Vol(50)1.95M