TERNIUM SA-SPONSORED ADR (TX) Stock Technical Analysis
NYSE:TX - New York Stock Exchange, Inc. - US8808901081 - ADR - Currency: USD
Taking everything into account, TX scores 0 out of 10 in our technical rating. TX's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
81% 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. 78% of 154 stocks in the same industry do better.
TX is currently trading in the lower part 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.
In the last month TX has a been trading in the 27.28 - 30.32 range, which is quite wide. It is currently trading near the lows of this range.
Considerably lower volume is observed in the last couple of days.
TX has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 28.77. Right above this resistance zone may be a good entry point.
More info and screens
27.47
45.00
We can see 4 important resistance areas.
- A resistance zone ranging from 28.77 to 29.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 30.14 to 30.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @31.52 from a trend line in the daily time frame.
- 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 | DOWN | NEGATIVE | The short term trend for TX is down. |
| ChartMill Relative Strength | 19.14 | NEGATIVE | TX has a low relative strength, it was outperformed by 80.86% 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) | DOWN | NEGATIVE | The current price of TX is below 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) | 41.42 | NEUTRAL | The RSI value for TX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests TX has a negative trend. |
| Stochastics (14,3) | 25.53 | NEUTRAL | The Stochastics value for TX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.62 | MEDIUM VOLATILITY | The ATR as a percentage value for TX suggests some volalility. |
| Average Directional Index/ADX (14) | 19.92 | 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)
27.75
-0.27 (-0.96%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-0.96%
1 Week-1.14%
2 Weeks-4.51%
1 Month-4.77%
3 Month-5.58%
6 Month-16.99%
12 Month-35.82%
2 Year-25.62%
3 Year-36.89%
5 Year74.64%
10 Year42.16%
15 Year-18.5%
Volatility
ATR(14)0.69
ATR(20)%2.62%
ATR Inc-27.05%
Range Today0.31
ADR(20)0.66
ADR(20)%2.39%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS19.14
Mansfield-1.73
10 Day High29.27
10 Day Low27.28
20 Day High30.33
20 Day Low27.28
52 Week High43.57
52 Week Low24
CS1 EndN/A
CR1 Start28.77
Volume & EV
DER(3)-2.5%
DER(5)1.93%
Volume111.40K
Volume Incr-24.82%
Vol(5)139.52K
Vol(50)218.92K