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 8 out of 10 to TX. Although TX is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
TX is one of the lesser performing stocks in the Metals & Mining industry. 67% of 155 stocks in the same industry do better.
The long and short term trends are both positive. This is looking good!
In the last month TX has a been trading in the 28.56 - 32.73 range, which is quite wide. It is currently trading near the high of this range.
When compared to the yearly performance of all other stocks, TX outperforms 43% of them, which is more or less in line with the market.
TX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TX is lagging the market.
Although TX has an excellent technical rating, the quality of the presented setup is not ideal 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
27.84
32.87
2 important support areas can be observed.
- A support zone ranging from 29.35 to 29.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @28.12 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 32.54 to 32.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 43.92 | NEUTRAL | TX is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of TX is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 67.61 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 91.45 | OVERBOUGHT | The high Stochastics value suggests TX may be overbought. |
| Average True Range in percent/ATR (20) | 2.6 | MEDIUM VOLATILITY | The ATR as a percentage value for TX suggests some volalility. |
| Average Directional Index/ADX (14) | 19.68 | 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)
32.53
+0.29 (+0.9%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0.9%
1 Week1.4%
2 Weeks5.28%
1 Month11.75%
3 Month22.66%
6 Month13.94%
12 Month-12.97%
2 Year-27.14%
3 Year-8.19%
5 Year125.75%
10 Year109.2%
15 Year-9.01%
Volatility
ATR(14)0.83
ATR(20)%2.6%
ATR Inc11.52%
Range Today1.03
ADR(20)0.81
ADR(20)%2.49%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS43.92
Mansfield-0.47
10 Day High32.73
10 Day Low29.73
20 Day High32.73
20 Day Low28.56
52 Week High37.98
52 Week Low24
CS1 End29.52
CR1 Start32.54
Volume & EV
DER(3)0.19%
DER(5)-2.3%
Volume225.30K
Volume Incr-10.96%
Vol(5)196.26K
Vol(50)195.89K