TENARIS S.A. ADS - Daily - Technical analysis published on 11/13/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Neutral
Technical indicators
61%
0%
39%
My opinion
Bullish above 20.55 USD
My targets
23.31 USD (+6.54%)
24.08 USD (+10.05%)
My analysis
The current short-term bullish acceleration on TENARIS S.A. ADS should quickly allow the basic trend to return to bullish. To avoid contradicting the short term, traders may prefer long positions (at the time of purchase) as long as the price remains well above 20.55 USD. Short-term buyers will use the resistance located at 23.31 USD as an objective. A bullish break in this resistance would boost the bullish momentum. The next bullish objective would then be set at 24.08 USD. Crossing this resistance would then open the door for buyers to target 25.68 USD. Caution, if there is a return to under 20.55 USD, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend sellers, many of whom will certainly benefit from this movement.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
3
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The TENARIS S.A. ADS price is 21.88 USD. The price is lower by -1.13% since the last closing and was between 21.82 USD and 22.23 USD. This implies that the price is at +0.27% from its lowest and at -1.57% from its highest.21.82
22.23
21.88
Here is a more detailed summary of the historical variations registered by TENARIS S.A. ADS:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this TENARIS S.A. ADS chart shows a neutral trend. The strong bullish signals currently being given by short-term moving averages could allow the overall trend to return to bullish. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase are moderate given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal support is broken
Type : Bearish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S2
S1
R1
R2
R3
Price
S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|
ProTrendLines | 7.72 | 20.55 | 21.88 | 23.31 | 24.08 | 25.68 |
Change (%) | -64.72% | -6.08% | - | +6.54% | +10.05% | +17.37% |
Change | -14.16 | -1.33 | - | +1.43 | +2.20 | +3.80 |
Level | Intermediate | Major | - | Minor | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 21.48 | 21.67 | 21.90 | 22.09 | 22.32 | 22.51 | 22.74 |
Camarilla | 22.02 | 22.05 | 22.09 | 22.13 | 22.17 | 22.21 | 22.25 |
Woodie | 21.50 | 21.68 | 21.92 | 22.10 | 22.34 | 22.52 | 22.76 |
Fibonacci | 21.67 | 21.83 | 21.93 | 22.09 | 22.25 | 22.35 | 22.51 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 20.85 | 21.28 | 21.68 | 22.11 | 22.51 | 22.94 | 23.34 |
Camarilla | 21.84 | 21.92 | 21.99 | 22.07 | 22.15 | 22.22 | 22.30 |
Woodie | 20.83 | 21.27 | 21.66 | 22.10 | 22.49 | 22.93 | 23.32 |
Fibonacci | 21.28 | 21.60 | 21.80 | 22.11 | 22.43 | 22.63 | 22.94 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 18.09 | 18.99 | 19.65 | 20.55 | 21.21 | 22.11 | 22.77 |
Camarilla | 19.87 | 20.01 | 20.16 | 20.30 | 20.44 | 20.59 | 20.73 |
Woodie | 17.96 | 18.93 | 19.52 | 20.49 | 21.08 | 22.05 | 22.64 |
Fibonacci | 18.99 | 19.59 | 19.96 | 20.55 | 21.15 | 21.52 | 22.11 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
RSI (14): | 55.42 | |
MACD (12,26,9): | 0.2700 | |
Directional Movement: | 6.29 | |
AROON (14): | 21.43 | |
DEMA (21): | 21.78 | |
Parabolic SAR (0,02-0,02-0,2): | 20.68 | |
Elder Ray (13): | 0.35 | |
Super Trend (3,10): | 20.57 | |
Zig ZAG (10): | 21.88 | |
VORTEX (21): | 0.9800 | |
Stochastique (14,3,5): | 80.25 | |
TEMA (21): | 22.19 | |
Williams %R (14): | -25.28 | |
Chande Momentum Oscillator (20): | 1.16 | |
Repulse (5,40,3): | -1.5500 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.1100 | |
Courbe Coppock: | 11.34 |
MA7: | 22.10 | |
MA20: | 21.30 | |
MA50: | 21.35 | |
MA100: | 22.79 | |
MAexp7: | 21.90 | |
MAexp20: | 21.51 | |
MAexp50: | 21.62 | |
MAexp100: | 22.51 | |
Price / MA7: | -1.00% | |
Price / MA20: | +2.72% | |
Price / MA50: | +2.48% | |
Price / MA100: | -3.99% | |
Price / MAexp7: | -0.09% | |
Price / MAexp20: | +1.72% | |
Price / MAexp50: | +1.20% | |
Price / MAexp100: | -2.80% |
News
The last news published on TENARIS S.A. ADS at the time of the generation of this analysis was as follows:
- Tenaris Announces 2019 Third Quarter Results
- Tenaris Announces 2019 Second Quarter Results
- Tenaris Convenes General Meeting of Shareholders
- Shareholders approve all resolutions on the agenda of Tenaris’s Annual General Meeting
- Tenaris Announces 2019 First Quarter Results
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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