pool adsTenaris $TS Technical Update
The Tenaris (NYSE: TS) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for TS, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Strong | Neutral | Neutral |
| P1 | 32.37 | 29.70 | 31.10 |
| P2 | 32.79 | 31.94 | 35.52 |
| P3 | 33.33 | 34.06 | 39.84 |
Support and Resistance Plot Chart for TS
Long Term Trading Plans for TS
September 21, 2018, 5:30 pm ET
The Technical Summary and Trading Plans for TS help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this TS Report.
TS - (Long) Support Plan
Buy over 31.10 target 35.52 stop loss @ 30.84.
The technical summary data tells us to buy TS near 31.10 with an upside target of 35.52. This data also tells us to set a stop loss @ 30.84 to protect against excessive loss in case the stock begins to move against the trade. 31.10 is the first level of support below 32.69 , and by rule, any test of support is a buy signal. In this case, support 31.10 would be being tested, so a buy signal would exist.
TS - (Short) Resistance Plan
Short under 35.52 target 31.10 stop loss @ 35.78.
The technical summary data is suggesting a short of TS as it gets near 35.52 with a downside target of 31.10. We should have a stop loss in place at 35.78 though. 35.52 is the first level of resistance above 32.69, and by rule, any test of resistance is a short signal. In this case, if resistance 35.52 is being tested, so a short signal would exist.
