TENARIS

- EUR (-)

- 15 min delayed data - Italy Stocks

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	TEN
ISIN:	LU2598331598

TENARIS - 1H - Technical analysis published on 09/24/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 13.447 EUR

My targets

14.059 EUR (+2.58%)

14.365 EUR (+4.82%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on TENARIS as long as the price remains well above 13.447 EUR. The buyers' bullish objective is set at 14.059 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 14.365 EUR. If there is any crossing, the next objective would be the resistance located at 15.215 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

8.9

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.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The TENARIS rating is 13.705 EUR. The price registered an increase of +3.59% on the session and was traded between 13.320 EUR and 14.000 EUR over the period. The price is currently at +2.89% from its lowest and -2.11% from its highest.

13.320

14.000

13.705

So that you have an overall view of the price change, here is a table showing the variations over several periods:

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

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this TENARIS chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour

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

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Bearish harami cross

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	13.094	13.285	13.447	13.705	14.059	15.215	16.269
Change (%)	-4.46%	-3.06%	-1.88%	-	+2.58%	+11.02%	+18.71%
Change	-0.611	-0.420	-0.258	-	+0.354	+1.510	+2.564
Level	Intermediate	Minor	Major	-	Major	Minor	Major

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.898	13.027	13.128	13.257	13.358	13.487	13.588
Camarilla	13.167	13.188	13.209	13.230	13.251	13.272	13.293
Woodie	12.885	13.020	13.115	13.250	13.345	13.480	13.575
Fibonacci	13.027	13.115	13.169	13.257	13.345	13.399	13.487

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.980	12.330	12.775	13.125	13.570	13.920	14.365
Camarilla	13.001	13.074	13.147	13.220	13.293	13.366	13.439
Woodie	12.028	12.354	12.823	13.149	13.618	13.944	14.413
Fibonacci	12.330	12.634	12.821	13.125	13.429	13.616	13.920

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	9.333	10.692	11.933	13.292	14.533	15.892	17.133
Camarilla	12.460	12.698	12.937	13.175	13.413	13.652	13.890
Woodie	9.275	10.663	11.875	13.263	14.475	15.863	17.075
Fibonacci	10.692	11.685	12.299	13.292	14.285	14.899	15.892

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):	76.89
MACD (12,26,9):	0.1160
Directional Movement:	32.890
AROON (14):	85.714
DEMA (21):	13.525
Parabolic SAR (0,02-0,02-0,2):	13.366
Elder Ray (13):	0.272
Super Trend (3,10):	13.278
Zig ZAG (10):	13.900
VORTEX (21):	1.1410
Stochastique (14,3,5):	79.31
TEMA (21):	13.603
Williams %R (14):	-23.08
Chande Momentum Oscillator (20):	0.625
Repulse (5,40,3):	3.0570
ROCnROLL:	1
TRIX (15,9):	0.0580
Courbe Coppock:	5.04

MA7:	13.251
MA20:	13.079
MA50:	13.315
MA100:	14.113
MAexp7:	13.543
MAexp20:	13.391
MAexp50:	13.263
MAexp100:	13.157
Price / MA7:	+3.43%
Price / MA20:	+4.79%
Price / MA50:	+2.93%
Price / MA100:	-2.89%
Price / MAexp7:	+1.20%
Price / MAexp20:	+2.34%
Price / MAexp50:	+3.33%
Price / MAexp100:	+4.17%

Quotes : - 15 min delayed data - Italy Stocks

News

Don't forget to follow the news on TENARIS. At the time of publication of this analysis, the latest news was as follows:

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

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