TERNIUM SA-SPONSORED ADR (TX) Stock Technical Analysis
NYSE:TX • US8808901081
Taking everything into account, TX scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, TX is showing a nice and steady performance.
- TX is one of the lesser performing stocks in the Metals & Mining industry. 67% of 157 stocks in the same industry do better.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, TX did better than 87% of all other stocks. We also observe that the gains produced by TX over the past year are nicely spread over this period.
- TX 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 TX has a been trading in the 41.12 - 45.57 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, TX also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 43.64, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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.
More info and screens
36.58
When analyzing the support we can see 3 important areas.
- A support zone ranging from 43.40 to 43.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 40.41 to 40.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 36.95 to 37.21. 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 43.82 to 43.89. 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 TX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TX is up. |
| ChartMill Relative Strength | 87.34 | POSITIVE | TX has a high relative strength, it outperformed 87.34% off all stocks 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) | 55.99 | NEUTRAL | The RSI value for TX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests TX has a negative trend. |
| Stochastics (14,3) | 75.28 | NEUTRAL | The Stochastics value for TX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.77 | MEDIUM VOLATILITY | The ATR as a percentage value for TX suggests some volalility. |
| Average Directional Index/ADX (14) | 30.06 | POSITIVE | The high ADX value value for TX 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 |
|---|---|---|---|
| 43.90 | 43.39 | 0.51 (1.16%) | 25.00% |
| An entry @43.90. This is a Buy Stop order right above the resistance zone. | An exit @43.39. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.51 points, which is 1.16%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.29%. |
- The distance between exit and entry is rather small compared to the average daily movement of TX. 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.
43.65
-1.06 (-2.37%)
TERNIUM SA-SPONSORED ADR / TX FAQ
Can you provide the ChartMill technical rating for TERNIUM SA-SPONSORED ADR?
ChartMill assigns a technical rating of 10 / 10 to TX.
What is the current trend direction of TERNIUM SA-SPONSORED ADR (TX) stock?
The current trend direction for TERNIUM SA-SPONSORED ADR (TX) is Bullish.
What is the RSI signal for TERNIUM SA-SPONSORED ADR (TX) stock?
TERNIUM SA-SPONSORED ADR (TX) has an RSI value of 55.9905. This indicates that the stock is currently neutral.
What is the short term momentum for TERNIUM SA-SPONSORED ADR (TX) stock?
The short term momentum for TERNIUM SA-SPONSORED ADR (TX) is positive.
What is the buy/sell signal for TX stock?
The buy/sell signal for TERNIUM SA-SPONSORED ADR (TX) is buy as both the short term and long term trends are positive.