TERNIUM SA-SPONSORED ADR (TX) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:TX • US8808901081
We assign a technical rating of 10 out of 10 to TX. 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. 70% of 157 stocks in the same industry do better.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that TX is one of the better performing stocks in the market, outperforming 87% of all stocks. On top of that, TX also shows a nice and consistent pattern of rising prices.
- TX is currently trading near its 52 week high. This is a good sign, definitely because the S&P500 Index is trading in the lower area of its yearly range.
- In the last month TX has a been trading in the 38.55 - 44.16 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although TX 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
34.86
We found 4 important support areas.
- A support zone ranging from 39.32 to 39.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @38.39 from a trend line in the daily time frame.
- 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.
- Support @35.21 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 43.82 to 43.82. 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 | 87.78 | POSITIVE | TX has a high relative strength, it outperformed 87.78% 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) | 60.15 | NEUTRAL | The RSI value for TX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests TX has a negative trend. |
| Stochastics (14,3) | 66.03 | NEUTRAL | The Stochastics value for TX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.61 | MEDIUM VOLATILITY | The ATR as a percentage value for TX suggests some volalility. |
| Average Directional Index/ADX (14) | 30.74 | POSITIVE | The high ADX value value for TX suggests a strong trend. |
42.98
+1.14 (+2.72%)
TERNIUM SA-SPONSORED ADR / TX FAQ
Can you provide the ChartMill technical rating for TERNIUM SA-SPONSORED ADR?
ChartMill assigns a technical rating of 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 60.1486. 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.