Londinia Opportunities Analyses - 11/20/2024 (GMT) TENARIS - 1H
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EUR
(-)
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15 min delayed data - Italy Stocks
| Type: | Stocks |
| Ticker: | TEN |
| ISIN: | LU2598331598 |
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
- Europe Stocks
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
17%
11%
My opinion
Bullish above 17.296 EUR
My targets
17.587 EUR (+0.96%)
17.948 EUR (+3.03%)
My analysis
The bullish trend is currently very strong on TENARIS. As long as the price remains above the support at 17.296 EUR, you could try to benefit from the boom. The first bullish objective is located at 17.587 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 17.948 EUR as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
0
10
7.9
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Additional analysis
Quotes
The TENARIS price is 17.420 EUR. On the day, this instrument gained +0.17% and was between 17.385 EUR and 17.505 EUR. This implies that the price is at +0.20% from its lowest and at -0.49% from its highest.17.385
17.505
17.420
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a 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 1H 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase is high given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 16.033 | 16.877 | 17.296 | 17.420 | 17.587 | 17.948 |
| Change (%) | -7.96% | -3.12% | -0.71% | - | +0.96% | +3.03% |
| Change | -1.387 | -0.543 | -0.124 | - | +0.167 | +0.528 |
| Level | Major | Intermediate | Minor | - | 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 | 16.763 | 16.947 | 17.168 | 17.352 | 17.573 | 17.757 | 17.978 |
| Camarilla | 17.279 | 17.316 | 17.353 | 17.390 | 17.427 | 17.464 | 17.501 |
| Woodie | 16.783 | 16.956 | 17.188 | 17.361 | 17.593 | 17.766 | 17.998 |
| Fibonacci | 16.947 | 17.101 | 17.197 | 17.352 | 17.506 | 17.602 | 17.757 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.348 | 16.612 | 16.974 | 17.238 | 17.600 | 17.864 | 18.226 |
| Camarilla | 17.163 | 17.220 | 17.278 | 17.335 | 17.392 | 17.450 | 17.507 |
| Woodie | 16.396 | 16.637 | 17.022 | 17.263 | 17.648 | 17.889 | 18.274 |
| Fibonacci | 16.612 | 16.852 | 16.999 | 17.238 | 17.478 | 17.625 | 17.864 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.168 | 13.571 | 14.248 | 14.651 | 15.328 | 15.731 | 16.408 |
| Camarilla | 14.628 | 14.727 | 14.826 | 14.925 | 15.024 | 15.123 | 15.222 |
| Woodie | 13.305 | 13.640 | 14.385 | 14.720 | 15.465 | 15.800 | 16.545 |
| Fibonacci | 13.571 | 13.984 | 14.238 | 14.651 | 15.064 | 15.318 | 15.731 |
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): | 56.65 | |
| MACD (12,26,9): | 0.0320 | |
| Directional Movement: | 18.719 | |
| AROON (14): | -35.714 | |
| DEMA (21): | 17.390 | |
| Parabolic SAR (0,02-0,02-0,2): | 17.145 | |
| Elder Ray (13): | 0.100 | |
| Super Trend (3,10): | 17.150 | |
| Zig ZAG (10): | 17.440 | |
| VORTEX (21): | 1.0460 | |
| Stochastique (14,3,5): | 72.47 | |
| TEMA (21): | 17.375 | |
| Williams %R (14): | -23.46 | |
| Chande Momentum Oscillator (20): | -0.035 | |
| Repulse (5,40,3): | -0.1560 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0160 | |
| Courbe Coppock: | 0.50 |
| MA7: | 17.293 | |
| MA20: | 16.113 | |
| MA50: | 14.793 | |
| MA100: | 14.060 | |
| MAexp7: | 17.392 | |
| MAexp20: | 17.348 | |
| MAexp50: | 17.221 | |
| MAexp100: | 16.825 | |
| Price / MA7: | +0.73% | |
| Price / MA20: | +8.11% | |
| Price / MA50: | +17.76% | |
| Price / MA100: | +23.90% | |
| Price / MAexp7: | +0.16% | |
| Price / MAexp20: | +0.42% | |
| Price / MAexp50: | +1.16% | |
| Price / MAexp100: | +3.54% |
Quotes :
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15 min delayed data
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Actions Italie
News
The last news published on TENARIS at the time of the generation of this analysis was as follows:
- Glancy Prongay & Murray LLP Obtains Important Ruling for Tenaris S.A. Investors in Securities Fraud Class Action
- TENARIS 24 HOUR DEADLINE ALERT: Approximately 24 Hours Remain; ClaimsFiler Reminds Investors with Losses in Excess of $100,000 of Deadline in Class Action Lawsuit against Tenaris S.A. - TS
- TENARIS 72 HOUR DEADLINE ALERT: Approximately 72 Hours Remain; Former Louisiana Attorney General and Kahn Swick & Foti, LLC Remind Investors with Losses in Excess of $100,000 of Deadline in Class Action Lawsuit against Tenaris S.A. - TS
- Kessler Topaz Meltzer & Check, LLP: Securities Fraud Class Action Filed Against Tenaris S.A. - TS
- TS LOSS DEADLINE: Rosen Law Firm Files First Securities Class Action Lawsuit Against Tenaris S.A.; Reminds of Important Deadline - TS