TENARIS S.A. ADS
TENARIS S.A. ADS
- USD (-)
- 15 min delayed data - NYSE Stocks
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Change: -
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Type: Stocks
Ticker: TS
ISIN:

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:
15 min. 1H Weekly

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:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

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:

Central Indicators

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:

Central Patterns

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


S2S1PriceR1R2R3
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
Standard21.4821.6721.9022.0922.3222.5122.74
Camarilla22.0222.0522.0922.1322.1722.2122.25
Woodie21.5021.6821.9222.1022.3422.5222.76
Fibonacci21.6721.8321.9322.0922.2522.3522.51


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard20.8521.2821.6822.1122.5122.9423.34
Camarilla21.8421.9221.9922.0722.1522.2222.30
Woodie20.8321.2721.6622.1022.4922.9323.32
Fibonacci21.2821.6021.8022.1122.4322.6322.94


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard18.0918.9919.6520.5521.2122.1122.77
Camarilla19.8720.0120.1620.3020.4420.5920.73
Woodie17.9618.9319.5220.4921.0822.0522.64
Fibonacci18.9919.5919.9620.5521.1521.5222.11

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%

This member declared not having a position on this financial instrument or a related financial instrument.

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