TERNIUM SA-SPONSORED ADR (TX) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TX - US8808901081 - ADR
Taking everything into account, TX scores 5 out of 10 in our technical rating. TX has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
TX has only a medium technical rating, but it does show 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 support zone below the current price at 35.90, a Stop Loss order could be placed below this zone.
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34.78
When analyzing the support we notice one important area.
- A support zone ranging from 35.13 to 35.90. 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.
- A resistance zone ranging from 36.01 to 36.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | NEUTRAL | NEUTRAL | The short term trend for TX is neutral. |
| ChartMill Relative Strength | 75.61 | POSITIVE | TX has a high relative strength, it outperformed 75.61% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TX is below a declining 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) | 50.16 | NEUTRAL | The RSI value for TX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests TX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 21.23 | NEUTRAL | The Stochastics value for TX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.4 | MEDIUM VOLATILITY | The ATR as a percentage value for TX suggests some volalility. |
| Average Directional Index/ADX (14) | 13.51 | NEGATIVE | The low ADX value for TX suggests a weak or negative trend. |
35.91
+0.65 (+1.84%)
TERNIUM SA-SPONSORED ADR / TX FAQ
Can you provide the ChartMill technical rating for TERNIUM SA-SPONSORED ADR?
ChartMill assigns a technical rating of 5 / 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 50.1608. 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 neutral.
What is the support and resistance level for TX stock?
TERNIUM SA-SPONSORED ADR (TX) has a support level at 35.9 and a resistance level at 36.01. Check the full technical report for our detailed analysis of TX support and resistance levels.