TERNIUM SA-SPONSORED ADR (TX)

US8808901081 - ADR

43.24  -0.07 (-0.16%)

After market: 43.05 -0.19 (-0.44%)

Technical Rating and Analysis

7

Taking everything into account, TX scores 7 out of 10 in our technical rating. 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.

The long and short term trends are both positive. This is looking good!
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 39.88 - 43.93 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, TX turns out to be only a medium performer in the overall market: it outperformed 65% of all stocks.
TX is an average performer in the Metals & Mining industry, it outperforms 47% of 156 stocks in the same industry.
Weekly and Daily overview Charts
TX Weekly chart
TX Daily chart
Setup Rating and Analysis

7

TX has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 43.27. Right above this resistance zone may be a good entry point. 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.
Support and Resistance Analysis

35.84

44.09

6 important support areas can be observed.

  • A support zone ranging from 41.91 to 42.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 40.94 to 41.01. This zone is formed by a combination of multiple trend lines in the daily time frame.
  • A support zone ranging from 40.19 to 40.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @38.41 from a trend line in the daily time frame.
  • Support @37.50 from a horizontal line in the weekly time frame.
  • Support @36.20 from a horizontal line in the daily time frame.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 43.27 to 43.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS65.4
Mansfield-0.56
10 Day High43.93
10 Day Low42.04
20 Day High43.93
20 Day Low39.88
52 Week High45.58
52 Week Low35.22
Performance
1 Week-0.92%
2 Weeks2.51%
1 Month-0.78%
3 Month8.53%
6 Month10.36%
12 Month12.25%
2 Year-1.66%
3 Year18.11%
5 Year79.72%
10 Year52.09%
15 Year152.72%
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)0.12
RSI(14)57.25
LBB40.45
UBB44.84
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
43.6642.031.63 (3.72%)25.00%
An entry @43.66. This is a Buy Stop order right above the resistance zone.An exit @42.03. This is a Stop Loss order right below the 10 day low.The worst case loss on the trade is limited to 1.63 points, which is 3.72%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.93%.

  • 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.
TX Daily chart

TERNIUM SA-SPONSORED ADR

NYSE:TX (5/24/2024, 7:04:00 PM)

After market: 43.05 -0.19 (-0.44%)

43.24

-0.07 (-0.16%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-0.16%
1 Week-0.92%
2 Weeks2.51%
1 Month-0.78%
3 Month8.53%
6 Month10.36%
12 Month12.25%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.68
ATR(20)%2.01%
ATR Inc
Range Today0.7
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 High43.93
10 Day Low42.04
20 Day High43.93
20 Day Low39.88
52 Week High45.58
52 Week Low35.22
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume233.70K
Volume Incr-26.81%
Vol(5)239.36K
Vol(50)266.95K