TENARIS SA-ADR (TS)
US88031M1099 - ADR
Overall TS gets a technical rating of 8 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, TS is showing a nice and steady performance.
In the last month TS has a been trading in the 36.77 - 39.51 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
TS is part of the Energy Equipment & Services industry. There are 59 other stocks in this industry. TS outperforms 77% of them.
TS is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so TS is performing more or less in line with the market.
TS has an average volume of 1561860 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, TS did better than 80% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
Besides having an excellent technical rating, TS also presents 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 37.18, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
28.02
40.69
When analyzing the support we can see 3 important areas.
- A support zone ranging from 36.89 to 37.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 35.52 to 35.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @28.30 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 39.95 to 40.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.37
Mansfield0.08
10 Day High39.41
10 Day Low36.77
20 Day High39.51
20 Day Low36.77
52 Week High40.73
52 Week Low27.24
Performance
1 Week-3.6%
2 Weeks-1.54%
1 Month0.51%
3 Month26.03%
6 Month21.77%
12 Month5.5%
2 Year5.77%
3 Year78.28%
5 Year64.27%
10 Year23.1%
15 Year-12.8%
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)
Technical Indicators
MACD(12,26,9)-0.37
RSI(14)48.83
LBB36.78
UBB39.61
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 38.08 | 36.88 | 1.20 (3.15%) | 25.00% |
| An entry @38.08. This is a Buy Stop order right above the 10 day moving average. | An exit @36.88. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.20 points, which is 3.15%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.79%. |
- The distance between exit and entry is rather small compared to the average daily movement of TS. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TENARIS SA-ADR
NYSE:TS (12/20/2024, 8:04:00 PM)
After market: 36.5 -0.69 (-1.86%)37.19
+0.29 (+0.79%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg0.79%
1 Week-3.6%
2 Weeks-1.54%
1 Month0.51%
3 Month26.03%
6 Month21.77%
12 Month5.5%
2 Year5.77%
3 Year78.28%
5 Year64.27%
10 Year23.1%
15 Year-12.8%
Volatility
ATR(14)0.84
ATR(20)%2.1%
ATR Inc-1.34%
Range Today0.7
ADR(20)0.69
ADR(20)%1.85%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.37
Mansfield0.08
10 Day High39.41
10 Day Low36.77
20 Day High39.51
20 Day Low36.77
52 Week High40.73
52 Week Low27.24
CS1 End37.18
CR1 Start39.95
Volume & EV
DER(3)-1.52%
DER(5)-1.78%
Volume3.10M
Volume Incr58.19%
Vol(5)2.09M
Vol(50)1.56M