RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of TS
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Tenaris SA stock upgraded from Buy Candidate to Strong Buy Candidate after Wednesday trading session.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Feb 23, 2024 Gain 11.47% PDF

The Tenaris SA stock price gained 0.658% on the last trading day (Wednesday, 27th Mar 2024), rising from $39.49 to $39.75. During the last trading day the stock fluctuated 1.10% from a day low at $39.45 to a day high of $39.89. The price has risen in 6 of the last 10 days and is up by 1.87% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 615 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $64.88 million.

The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 21.33% during the next 3 months and, with a 90% probability hold a price between $45.27 and $51.51 at the end of this 3-month period.

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TS Signals & Forecast

The Tenaris SA stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $39.42 and $36.06. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, January 17, 2024, and so far it has risen 26.92%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Tenaris SA stock

On the downside, the stock finds support just below today's level from accumulated volume at $36.80 and $35.09. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Tenaris SA finds support just below today's level at $36.80. If this is broken, then the next support from accumulated volume will be at $35.09 and $32.17.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.435 between high and low, or 1.10%. For the last week, the stock has had daily average volatility of 1.04%.

Our recommended stop-loss: $38.41 (-3.36%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 82 and this increases the risk substantially. There is a buy signal from a pivot bottom found 49 days ago.)

Trading Expectations (TS) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Tenaris SA to open at $39.70, and during the day (based on 14 day Average True Range), to move between $39.13 and $40.37, which gives a possible trading interval of +/-$0.615 (+/-1.55%) up or down from last closing price. If Tenaris SA takes out the full calculated possible swing range there will be an estimated 3.10% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $36.80, some $2.95 (7.42%) from the current price of $39.75, our system finds the risk reward attractive.

Is Tenaris SA stock A Buy?

Tenaris SA holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 6.013 Strong Buy Candidate Upgraded

Predicted Opening Price for Tenaris SA of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$39.70 ( 0.138%) $39.75

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for TS

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 40.13 0.96 %
R2 39.96 0.538 %
R1 39.86 0.280 %
Current price: 39.75
Support S1 39.53 -0.556 %
S2 39.43 -0.81 %
S3 39.26 -1.23 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 39.75
Support S1 36.80 -7.42%
S2 35.09 -11.72%
S3 32.17 -19.07%

TS Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 21, 2024 May 20, 2024 May 22, 2024 $0.80 2.01%
2 Nov 02, 2023 Nov 20, 2023 Nov 22, 2023 $0.400 1.19%
3 Apr 28, 2023 May 22, 2023 May 31, 2023 $0.680 2.75%
4 May 10, 2023 Nov 21, 2022 Nov 23, 2022 $0.340 1.00%
5 May 03, 2022 May 23, 2022 May 25, 2022 $0.560 1.69%

FAQ

What is the symbol for Tenaris SA Stock and on which exchange is it traded?
The symbol for Tenaris SA is TS and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Tenaris SA Stock?
Tenaris SA holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

How to buy Tenaris SA Stock?
Tenaris SA Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Tenaris SA Stock.

What's the current price of Tenaris SA Stock?
As of the end of day on the 2024-03-27, the price of an Tenaris SA (TS) share was $39.75.

What is the 52-week high and low for Tenaris SA Stock?
The 52-week high for Tenaris SA Stock is $39.97 and the 52-week low is $24.69.

What is the market capitalization of Tenaris SA Stock?
As of the 2024-03-27, the market capitalization of Tenaris SA is 23.06B.

When is the next earnings date for Tenaris SA?
The upcoming earnings date for Tenaris SA is Apr 25, 2024.
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About Tenaris SA

Tenaris SA Tenaris S.A., together with its subsidiaries, produces and sells seamless and welded steel tubular products; and provides related services for the oil and gas industry, and other industrial applications. The company offers steel casings, tubing products, mechanical and structural pipes, cold-drawn pipes, and premium joints and couplings; coiled tubing products for oil and gas drilling and workovers, and subsea pipelines; and umbilical tubing prod... TS Profile

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