Post an Analysis Request an analysis AI Londinia analysis

Londinia Opportunities Analyses - 05/15/2024 (GMT) TENARIS - 1H

Back to the list
TENARIS
- EUR (-)
- 15 min delayed data - Italy Stocks
Type: Stocks
Ticker: TEN
ISIN: LU2598331598

Londinia
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
  • Europe Stocks
  • Timeframe : 1H
  • - Analysis generated on
  • Status : INVALID

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 16.086 EUR
My targets
16.652 EUR (+2.16%)
17.680 EUR (+8.47%)
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 16.086 EUR. The next resistance located at 16.652 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 17.680 EUR. After this resistance, buyers could then target 18.293 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
0
10
8.2

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.

Additional analysis

Quotes

The TENARIS price is 16.300 EUR. The price registered an increase of +0.87% on the session and was traded between 16.190 EUR and 16.365 EUR over the period. The price is currently at +0.68% from its lowest and -0.40% from its highest.

16.190
16.365
16.300

So that you have an overall view of the price change, here is a table showing the variations over several periods:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in 1H of this TENARIS chart shows a strongly bullish trend. 85.71% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 16 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly



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

Central Patterns

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



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

Central Candlesticks

Upside gap

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 14.706 15.250 16.086 16.300 16.652 17.680 18.293
Change (%) -9.78% -6.44% -1.31% - +2.16% +8.47% +12.23%
Change -1.594 -1.050 -0.214 - +0.352 +1.380 +1.993
Level Major Major Major - Major Intermediate Intermediate



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
Standard15.78715.92316.04216.17816.29716.43316.552
Camarilla16.09016.11316.13716.16016.18316.20716.230
Woodie15.77815.91916.03316.17416.28816.42916.543
Fibonacci15.92316.02116.08116.17816.27616.33616.433


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard15.11315.36715.66315.91716.21316.46716.763
Camarilla15.80915.85915.91015.96016.01016.06116.111
Woodie15.13515.37815.68515.92816.23516.47816.785
Fibonacci15.36715.57715.70715.91716.12716.25716.467


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard11.31513.40514.54016.63017.76519.85520.990
Camarilla14.78815.08415.37915.67515.97116.26616.562
Woodie10.83813.16614.06316.39117.28819.61620.513
Fibonacci13.40514.63715.39816.63017.86218.62319.855

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 65.90
MACD (12,26,9): 0.0770
Directional Movement: 18.260
AROON (14): 85.714
DEMA (21): 16.231
Parabolic SAR (0,02-0,02-0,2): 16.000
Elder Ray (13): 0.104
Super Trend (3,10): 15.975
Zig ZAG (10): 16.305
VORTEX (21): 1.0420
Stochastique (14,3,5): 72.33
TEMA (21): 16.266
Williams %R (14): -12.12
Chande Momentum Oscillator (20): 0.345
Repulse (5,40,3): 0.5400
ROCnROLL: 1
TRIX (15,9): 0.0620
Courbe Coppock: 3.27
MA7: 15.991
MA20: 16.503
MA50: 17.377
MA100: 16.310
MAexp7: 16.235
MAexp20: 16.138
MAexp50: 16.049
MAexp100: 16.187
Price / MA7: +1.93%
Price / MA20: -1.23%
Price / MA50: -6.20%
Price / MA100: -0.06%
Price / MAexp7: +0.40%
Price / MAexp20: +1.00%
Price / MAexp50: +1.56%
Price / MAexp100: +0.70%

Quotes : - 15 min delayed data - Actions Italie

News


The latest news and videos published on TENARIS at the time of the analysis were as follows:

NEW !