TENARIS

- EUR (-)

- 15 min delayed data - Italy Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	TEN
ISIN:	LU2598331598

TENARIS - Daily - Technical analysis published on 06/29/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

78%

17%

My opinion

Bullish above 13.027 EUR

My targets

13.562 EUR (+1.70%)

14.896 EUR (+11.71%)

My analysis

In the short term, there could be an acceleration of the basic bullish trend on TENARIS. This is a positive signal for buyers. As long as the price remains above 13.027 EUR, a purchase could be considered. The first bullish objective is located at 13.562 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 14.896 EUR as an objective. Crossing it would then enable buyers to target 16.337 EUR. In the event of a return below 13.027 EUR, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

5.9

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

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Additional analysis

Quotes

TENARIS rating 13.335 EUR. The price has increased by +2.62% since the last closing and was traded between 13.095 EUR and 13.390 EUR over the period. The price is currently at +1.83% from its lowest and -0.41% from its highest.

13.095

13.390

13.335

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by TENARIS:

The study of the highest / lowest by the Central Records scanner shows the following result:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this TENARIS chart shows a bullish trend. The signals returned by the moving averages are 67.86% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : Daily

In fact, 14 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

Aroon indicator bullish trend

Type : Bullish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Upside gap

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	11.886	12.486	13.027	13.335	14.896	16.337	16.838
Change (%)	-10.87%	-6.37%	-2.31%	-	+11.71%	+22.51%	+26.27%
Change	-1.449	-0.849	-0.308	-	+1.561	+3.002	+3.503
Level	Intermediate	Minor	Major	-	Major	Intermediate	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.558	12.652	12.823	12.917	13.088	13.182	13.353
Camarilla	12.922	12.946	12.971	12.995	13.019	13.044	13.068
Woodie	12.598	12.671	12.863	12.936	13.128	13.201	13.393
Fibonacci	12.652	12.753	12.815	12.917	13.018	13.080	13.182

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.032	12.268	12.537	12.773	13.042	13.278	13.547
Camarilla	12.666	12.712	12.759	12.805	12.851	12.898	12.944
Woodie	12.048	12.276	12.553	12.781	13.058	13.286	13.563
Fibonacci	12.268	12.461	12.580	12.773	12.966	13.085	13.278

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.151	10.905	11.288	12.042	12.425	13.179	13.562
Camarilla	11.357	11.462	11.566	11.670	11.774	11.879	11.983
Woodie	9.965	10.812	11.102	11.949	12.239	13.086	13.376
Fibonacci	10.905	11.340	11.608	12.042	12.477	12.745	13.179

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	63.90
MACD (12,26,9):	0.1800
Directional Movement:	12.563
AROON (14):	50.000
DEMA (21):	13.013
Parabolic SAR (0,02-0,02-0,2):	12.505
Elder Ray (13):	0.349
Super Trend (3,10):	12.278
Zig ZAG (10):	13.330
VORTEX (21):	1.1600
Stochastique (14,3,5):	75.13
TEMA (21):	13.179
Williams %R (14):	-5.65
Chande Momentum Oscillator (20):	0.285
Repulse (5,40,3):	3.9690
ROCnROLL:	1
TRIX (15,9):	0.1950
Courbe Coppock:	4.54

MA7:	12.960
MA20:	12.834
MA50:	12.421
MA100:	13.324
MAexp7:	13.008
MAexp20:	12.792
MAexp50:	12.752
MAexp100:	13.149
Price / MA7:	+2.89%
Price / MA20:	+3.90%
Price / MA50:	+7.36%
Price / MA100:	+0.08%
Price / MAexp7:	+2.51%
Price / MAexp20:	+4.24%
Price / MAexp50:	+4.57%
Price / MAexp100:	+1.41%

Quotes : - 15 min delayed data - Italy Stocks

News

The last news published on TENARIS at the time of the generation of this analysis was as follows:

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

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