TERNIUM SA-SPONSORED ADR (TX) Stock Technical Analysis
USA - NYSE:TX - US8808901081 - ADR
35.19 USD
+0.03 (+0.09%)
34.51 USD
-0.68 (-1.93%)
We assign a technical rating of 8 out of 10 to TX. Although TX is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
TX is part of the Metals & Mining industry. There are 156 other stocks in this industry, of which 71% are performing better than TX.
Both the short term and long term trends are positive. This is a very positive sign.
TX is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so TX is lagging the market slightly.
In the last month TX has a been trading in the 32.11 - 36.10 range, which is quite wide. It is currently trading near the high of this range.
When compared to the yearly performance of all other stocks, TX outperforms 62% of them, which is more or less in line with the market.
TX has an excellent technical rating, but the quality of the setup is only medium 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
30.05
35.81
2 important support areas can be observed.
- A support zone ranging from 32.69 to 33.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 30.35 to 30.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 35.20 to 35.46. 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 | UP | POSITIVE | The long term trend for TX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TX is up. |
| ChartMill Relative Strength | 62.29 | NEUTRAL | TX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.33 | NEUTRAL | The RSI value for TX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests TX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.11 | NEUTRAL | The Stochastics value for TX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.28 | MEDIUM VOLATILITY | The ATR as a percentage value for TX suggests some volalility. |
| Average Directional Index/ADX (14) | 24.19 | NEUTRAL | The ADX value for TX 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)
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 |
|---|---|---|---|
| 35.47 | 33.55 | 1.92 (5.41%) | 18.47% |
| An entry @35.47. This is a Buy Stop order right above the resistance zone. | An exit @33.55. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.92 points, which is 5.41%. | When investing 18.47% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
35.19
+0.03 (+0.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0.09%
1 Week1.65%
2 Weeks1.76%
1 Month8.91%
3 Month19.9%
6 Month11.33%
12 Month0.49%
2 Year-11.8%
3 Year28.48%
5 Year86.88%
10 Year186.33%
15 Year7.78%
Volatility
ATR(14)0.81
ATR(20)%2.28%
ATR Inc-24.11%
Range Today0.78
ADR(20)0.79
ADR(20)%2.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS62.29
Mansfield0.07
10 Day High36.1
10 Day Low33.56
20 Day High36.1
20 Day Low32.11
52 Week High37.98
52 Week Low24
CS1 End33.26
CR1 Start35.2
Volume & EV
DER(3)5.49%
DER(5)4.24%
Volume344.30K
Volume Incr-4.19%
Vol(5)182.28K
Vol(50)205.37K