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 12/05/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

61%

11%

28%

My opinion

Bullish above 17.948 EUR

My targets

19.337 EUR (+5.61%)

20.513 EUR (+12.03%)

My analysis

TENARIS is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 17.948 EUR. The next resistance located at 19.337 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 20.513 EUR. After this resistance, buyers could then target 22.697 EUR. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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

7.7

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

TENARIS rating 18.310 EUR. The price registered a decrease of -0.16% on the session with the lowest point at 18.275 EUR and the highest point at 18.395 EUR. The deviation from the price is +0.19% for the low point and -0.46% for the high point.

18.275

18.395

18.310

The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.

Opening Gap DOWN

Type : Bearish

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 results:

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of TENARIS indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. 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.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : Daily

CCI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

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

Near resistance of channel

Type : Bearish

Timeframe : Daily

From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:

Bullish doji star

Type : Bullish

Timeframe : Daily

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	14.501	16.018	17.948	18.310
Change (%)	-20.80%	-12.52%	-1.98%	-
Change	-3.809	-2.292	-0.362	-
Level	Intermediate	Major	Major	-

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	17.758	18.037	18.188	18.467	18.618	18.897	19.048
Camarilla	18.222	18.261	18.301	18.340	18.379	18.419	18.458
Woodie	17.695	18.005	18.125	18.435	18.555	18.865	18.985
Fibonacci	18.037	18.201	18.302	18.467	18.631	18.732	18.897

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	17.000	17.300	17.730	18.030	18.460	18.760	19.190
Camarilla	17.959	18.026	18.093	18.160	18.227	18.294	18.361
Woodie	17.065	17.333	17.795	18.063	18.525	18.793	19.255
Fibonacci	17.300	17.579	17.751	18.030	18.309	18.481	18.760

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.617	13.793	15.977	17.153	19.337	20.513	22.697
Camarilla	17.236	17.544	17.852	18.160	18.468	18.776	19.084
Woodie	13.120	14.045	16.480	17.405	19.840	20.765	23.200
Fibonacci	13.793	15.077	15.870	17.153	18.437	19.230	20.513

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):	82.17
MACD (12,26,9):	0.7380
Directional Movement:	33.926
AROON (14):	78.571
DEMA (21):	18.568
Parabolic SAR (0,02-0,02-0,2):	18.174
Elder Ray (13):	0.410
Super Trend (3,10):	17.470
Zig ZAG (10):	18.320
VORTEX (21):	1.3470
Stochastique (14,3,5):	79.88
TEMA (21):	18.639
Williams %R (14):	-26.63
Chande Momentum Oscillator (20):	0.925
Repulse (5,40,3):	-0.9800
ROCnROLL:	1
TRIX (15,9):	0.7180
Courbe Coppock:	12.24

MA7:	18.209
MA20:	17.711
MA50:	15.889
MA100:	14.492
MAexp7:	18.191
MAexp20:	17.551
MAexp50:	16.258
MAexp100:	15.367
Price / MA7:	+0.55%
Price / MA20:	+3.38%
Price / MA50:	+15.24%
Price / MA100:	+26.35%
Price / MAexp7:	+0.65%
Price / MAexp20:	+4.32%
Price / MAexp50:	+12.62%
Price / MAexp100:	+19.15%

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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