TERNIUM SA-SPONSORED ADR (TX) Stock Technical Analysis
USA - NYSE:TX - US8808901081 - ADR
We assign a technical rating of 6 out of 10 to TX. TX has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
Although the technical rating is only medium, TX does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 35.55, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
30.38
When analyzing the support we can see 2 important areas.
- A support zone ranging from 34.47 to 35.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @30.69 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @35.55 from a trend line in the daily time frame.
- A resistance zone ranging from 36.14 to 36.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @37.88 from a horizontal 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 TX is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TX is neutral. |
| ChartMill Relative Strength | 62.12 | NEUTRAL | TX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TX is below a declining 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) | 51.68 | NEUTRAL | The RSI value for TX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests TX has a negative trend. |
| Stochastics (14,3) | 53.48 | NEUTRAL | The Stochastics value for TX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.5 | MEDIUM VOLATILITY | The ATR as a percentage value for TX suggests some volalility. |
| Average Directional Index/ADX (14) | 23.58 | NEUTRAL | The ADX value for TX suggests a possible start of a new 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 |
|---|---|---|---|
| 36.27 | 34.46 | 1.81 (4.99%) | 20.04% |
| An entry @36.27. This is a Buy Stop order right above the resistance zone. | An exit @34.46. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.81 points, which is 4.99%. | For a 1.00% total portfolio risk, you can invest 20.04% of your capital in this trade. |
- 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.
NYSE:TX (11/3/2025, 10:10:51 AM)
35.41
-0.62 (-1.72%)
TERNIUM SA-SPONSORED ADR / TX FAQ
Can you provide the ChartMill technical rating for TERNIUM SA-SPONSORED ADR?
ChartMill assigns a technical rating of 6 / 10 to TX.
What is the trend direction for 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 51.6765. 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 neutral.
What is the support and resistance level for TX stock?
TERNIUM SA-SPONSORED ADR (TX) has a support level at 35.55 and a resistance level at 36.14. Check the full technical report for our detailed analysis of TX support and resistance levels.