TERNIUM SA-SPONSORED ADR (TX) Stock Technical Analysis
NYSE:TX - New York Stock Exchange, Inc. - US8808901081 - ADR - Currency: USD
We assign a technical rating of 2 out of 10 to TX. TX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
82% of all other stocks performed better in the past year than TX.
TX is one of the lesser performing stocks in the Metals & Mining industry. 77% of 155 stocks in the same industry do better.
In the last month TX has a been trading in the 27.12 - 30.10 range, which is quite wide. It is currently trading near the high of this range.
TX is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so TX is lagging the market slightly.
The technical rating of TX is bad and it also does not present a quality setup 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
27.11
45.00
We found 3 important support areas.
- Support @29.69 from a trend line in the weekly time frame.
- A support zone ranging from 28.14 to 29.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @27.38 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 30.69 to 30.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 32.93 to 33.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @44.55 from a horizontal line in the weekly 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 | DOWN | NEGATIVE | The long term trend for TX is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TX is neutral. |
| ChartMill Relative Strength | 18.02 | NEGATIVE | TX has a low relative strength, it was outperformed by 81.98% 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) | DOWN | MIXED | The current price of TX is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 61.08 | NEUTRAL | The RSI value for TX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests TX has a positive trend. |
| Stochastics (14,3) | 83.2 | OVERBOUGHT | The high Stochastics value suggests TX may be overbought. |
| Average True Range in percent/ATR (20) | 2.3 | MEDIUM VOLATILITY | The ATR as a percentage value for TX suggests some volalility. |
| Average Directional Index/ADX (14) | 14.81 | NEGATIVE | The low ADX value for TX suggests a weak or negative trend. |
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)
29.92
+0.93 (+3.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg3.21%
1 Week3.64%
2 Weeks9.28%
1 Month6.59%
3 Month-9.14%
6 Month-2.57%
12 Month-21.01%
2 Year-24.54%
3 Year-17.1%
5 Year97.23%
10 Year72.85%
15 Year-9.11%
Volatility
ATR(14)0.75
ATR(20)%2.3%
ATR Inc44.63%
Range Today1.54
ADR(20)0.65
ADR(20)%2.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.02
Mansfield-1.05
10 Day High30.1
10 Day Low27.65
20 Day High30.1
20 Day Low27.12
52 Week High38.4
52 Week Low24
CS1 End29.69
CR1 Start30.69
Volume & EV
DER(3)3.59%
DER(5)5.56%
Volume349.10K
Volume Incr14.89%
Vol(5)172.48K
Vol(50)196.29K