Ternium SA Stock Forecast
Ternium SA stock price ended at $42.92 on Thursday, after gaining 0.515%.
(Updated on Apr 18, 2024)
The Ternium SA stock price gained 0.515% on the last trading day (Thursday, 18th Apr 2024), rising from $42.70 to $42.92. During the last trading day the stock fluctuated 1.85% from a day low at $42.25 to a day high of $43.03. The price has risen in 7 of the last 10 days and is up by 1.97% 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, 13 thousand more shares were traded than the day before. In total, 135 thousand shares were bought and sold for approximately $5.79 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 12.85% during the next 3 months and, with a 90% probability hold a price between $45.63 and $50.41 at the end of this 3-month period.
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TX Signals & Forecast
The Ternium SA stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $42.97. On a fall, the stock will find some support from the long-term average at approximately $41.26. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. A sell signal was issued from a pivot top point on Wednesday, April 10, 2024, and so far it has fallen -2.85%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Ternium SA stock
Ternium SA finds support from accumulated volume at $42.87 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.780 (1.85%) between high and low. For the last week, the stock has had daily average volatility of 2.41%.
Our recommended stop-loss: $40.95 (-4.60%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (TX) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Ternium SA to open at $42.73, and during the day (based on 14 day Average True Range), to move between $41.96 and $43.88, which gives a possible trading interval of +/-$0.96 (+/-2.24%) up or down from last closing price. If Ternium SA takes out the full calculated possible swing range there will be an estimated 4.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $42.87 (0.12%) than the resistance at $43.76 (1.96%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Ternium SA will release earnings AMC on Wednesday, April 24, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.61. We will update the financials statements for Ternium SA, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.79% in the first trading day after earnings release.
Is Ternium SA stock A Buy?
Ternium SA holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.350 Hold/Accumulate Unchanged
Predicted Opening Price for Ternium SA of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $42.73 ( 0.435%) | $42.92 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 43.51 | 1.38 % | |
| R2 | 43.22 | 0.688 % | ||
| R1 | 43.03 | 0.259 % | ||
| Current price: | 42.92 | |||
| Support | S1 | 42.44 | -1.13 % | |
| S2 | 42.25 | -1.56 % | ||
| S3 | 41.95 | -2.25 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 44.18 | 2.94 % | |
| R2 | 44.00 | 2.52 % | ||
| R1 | 43.76 | 1.96 % | ||
| Current price | 42.92 | |||
| Support | S1 | 42.87 | -0.116% | |
| S2 | 42.35 | -1.33% | ||
| S3 | 40.69 | -5.20% |
TX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 20, 2024 | May 02, 2024 | May 08, 2024 | $2.20 | 5.12% |
| 2 | Oct 31, 2023 | Nov 10, 2023 | Nov 21, 2023 | $1.10 | 2.89% |
| 3 | Feb 14, 2023 | May 04, 2023 | May 15, 2023 | $1.80 | 4.73% |
| 4 | Nov 03, 2022 | Nov 14, 2022 | Nov 22, 2022 | $0.90 | 2.94% |
| 5 | Feb 16, 2022 | May 05, 2022 | May 16, 2022 | $1.80 | 4.47% |
FAQ
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