TERNIUM SA-SPONSORED ADR (TX) Stock Technical Analysis
USA - NYSE:TX - US8808901081 - ADR
We assign a technical rating of 8 out of 10 to TX. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, TX is only an average performer.
TX has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 36.33. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 36.24, a Stop Loss order could be placed below this zone.
More info and screens
34.13
We found 1 important support area.
- A support zone ranging from 34.47 to 36.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @36.33 from a horizontal line in the weekly time frame.
- 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 | UP | POSITIVE | The short term trend for TX is up. |
| ChartMill Relative Strength | 70.2 | POSITIVE | TX has a high relative strength, it outperformed 70.2% 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) | 52.91 | NEUTRAL | The RSI value for TX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests TX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 64.45 | NEUTRAL | The Stochastics value for TX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.33 | MEDIUM VOLATILITY | The ATR as a percentage value for TX suggests some volalility. |
| Average Directional Index/ADX (14) | 18.31 | NEGATIVE | The low ADX value for TX suggests a weak or negative 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 |
|---|---|---|---|
| 36.34 | 35.00 | 1.34 (3.69%) | 25.00% |
| An entry @36.34. This is a Buy Stop order right above the resistance zone. | An exit @35.00. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.34 points, which is 3.69%. | For a 0.92% 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.
36.32
-0.57 (-1.55%)
TERNIUM SA-SPONSORED ADR / TX FAQ
Can you provide the ChartMill technical rating for TERNIUM SA-SPONSORED ADR?
ChartMill assigns a technical rating of 8 / 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 52.9092. 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 support and resistance level for TX stock?
TERNIUM SA-SPONSORED ADR (TX) has a support level at 36.24 and a resistance level at 36.33. Check the full technical report for our detailed analysis of TX support and resistance levels.