pool adsPolitical Decisions Influence Tenaris #TS and Investors Should Listen
No matter what industry we are talking about, #politics and policy changes can affect the #price of a #stock in that industry, and Tenaris (NYSE: TS) is not an exception. TS like every other company, it will experience ebbs and flows based on this type of news too, so it is important for us to pay attention. The good news is, Wall Street usually prices in events like this before they happen. The Stock Market is an exceptional forecasting tool, so if we pay attention to price we can often determine what will happen before it happens. That is exactly what we attempt to do using the price data below. This data changes over time, so we suggest updating the data for the most actionable results. For an update, please request Unlimited Real Time Reports.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Strong | Neutral | Strong |
| P1 | 0 | 0 | 17.24 |
| P2 | 23.50 | 22.43 | 20.36 |
| P3 | 24.05 | 23.68 | 23.72 |
Support and Resistance Plot Chart for TS
Long Term Trading Plans for TS
May 9, 2021, 12:45 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
The technical summary data tells us to buy TS near 23.72, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 23.65 to protect against excessive loss in case the stock begins to move against the trade. 23.72 is the first level of support below 23.81, and by rule, any test of support is a buy signal. In this case, if support 23.72 is being tested, a buy signal would exist.
TS - (Short) Resistance Plan
NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.
Blue = Current Price
Red= Resistance
Green = Support
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