Tenaris: new sell signal, but structure still overextended

A new sell signal on Tenaris: week 1, ranking 34th among the 57 sell signals for European-UK stocks. The week's decline was minimal — an indecisive session — but the weekly structure remains bearish and the reference sector lost 4.7% over the past week. Trading is rated not recommended by our model: the stock remains far above the levels that would make a clean technical decline viable.