TERNIUM SA-SPONSORED ADR (TX)       30.06  -1.15 (-3.68%)

30.06  -1.15 (-3.68%)

US8808901081 - ADR - After market: 30.06 0 (0%)

Technical Rating

4

We assign a technical rating of 4 out of 10 to TX. In the past year, TX was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.



When compared to the yearly performance of all other stocks, TX outperforms 41% of them, which is more or less in line with the market.
TX is an average performer in the Metals & Mining industry, it outperforms 61% of 975 stocks in the same industry.
In the last month TX has a been trading in the 26.01 - 32.84 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
TX is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.

Statistics

1 Month 3 Months 6 Months 12 Months 5.51% 1.31% -31.24% -25.65% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 41.26 26.01 - 50.36
TX Weekly chart
TX Daily chart

Support/Resistance Analysis


26.19

42.30
When analyzing the support we can see 2 important areas.
  • Support @28.18 from a trend line in the daily time frame.
  • A support zone ranging from 26.45 to 27.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
  • A resistance zone ranging from 30.46 to 30.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 31.14 to 32.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @41.88 from a trend line in the weekly time frame.

Setup Analysis

Setup Rating

6

TX has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. We notice that large players showed an interest for TX in the last couple of days, which is a good sign.

  • Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.

TX Daily chart

TERNIUM SA-SPONSORED ADR30.06

NYSE:TX (11/28/2022, 7:24:25 PM)-1.15 (-3.68%)

After market: 30.06 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Materials
GICS Industry Metals & Mining
Performance
Today -3.68% 1 Week -1.86%
2 Weeks -6.62% 1 Month 5.51%
3 Month 1.31% 6 Month -31.24%
Volatility
ATR(14) 1.09 ATR(20)% 4.12%
ATR Inc -27.18% Range Today 1.02
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 41.26 Mansfield -1.59
10 Day High 32.84 10 Day Low 29.38
20 Day High 32.84 20 Day Low 26.01
52 Week High 50.36 52 Week Low 26.01
CS1 End 28.18 CR1 Start 30.46
Volume & EV
DER(3) -1.72% DER(5) 3.22%
Volume 209.90K Volume Incr -17.05%
Vol(5) 233.94K Vol(50) 261.70K

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