TERNIUM SA-SPONSORED ADR (TX)
US8808901081 - ADR
Taking everything into account, TX scores 8 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.
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 is also trading in the upper part of its 52 week range, so TX is performing more or less in line with the market.
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 66% of all stocks.
TX is an average performer in the Metals & Mining industry, it outperforms 52% of 155 stocks in the same industry.
In the last month TX has a been trading in the 40.81 - 44.44 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. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 42.24, 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
35.84
45.66
When analyzing the support we can see 5 important areas.
- A support zone ranging from 42.14 to 42.24. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 40.45 to 40.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @39.41 from a trend line in the weekly time frame.
- A support zone ranging from 37.50 to 37.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 36.20 to 36.73. This zone is formed by a combination of multiple trend lines in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 43.09 to 43.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 44.77 to 45.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS66.97
Mansfield-0.21
10 Day High44.44
10 Day Low41.51
20 Day High44.44
20 Day Low40.81
52 Week High45.58
52 Week Low35.22
Performance
1 Week-0.65%
2 Weeks1.97%
1 Month4.68%
3 Month10.45%
6 Month14.82%
12 Month3.57%
2 Year0.05%
3 Year9.8%
5 Year74.12%
10 Year49.76%
15 Year410.34%
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)-0.06
RSI(14)58.81
LBB40.78
UBB44.49
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 |
|---|---|---|---|
| 43.38 | 42.13 | 1.25 (2.88%) | 25.00% |
| An entry @43.38. This is a Buy Stop order right above the resistance zone. | An exit @42.13. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.25 points, which is 2.88%. | For a 0.72% total portfolio risk, you can invest 25.00% 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.
TERNIUM SA-SPONSORED ADR
NYSE:TX (4/18/2024, 7:25:13 PM)
After market: 42.8188 -0.1 (-0.24%)42.92
+0.22 (+0.52%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0.52%
1 Week-0.65%
2 Weeks1.97%
1 Month4.68%
3 Month10.45%
6 Month14.82%
12 Month3.57%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.08
ATR(20)%2.19%
ATR Inc
Range Today0.79
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 High44.44
10 Day Low41.51
20 Day High44.44
20 Day Low40.81
52 Week High45.58
52 Week Low35.22
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume153.60K
Volume Incr64.34%
Vol(5)326.16K
Vol(50)185.48K