Tenaris bounces 1.9%, the sell signal loses steam
Tenaris bounces 1.9% and the Sell signal loses its momentum this week
Tenaris bounces 1.9%, the sell signal loses steam
Our view last week
Tenaris is in week 2 of a sell signal, and the week just closed down 4.0%: the decline keeps making lower lows, with no sign of exhaustion yet. The stock ranks 1st among the 54 European sell signals, but it still trades above its 200-week average — an opening our model rates as high risk.
This week's summary
Tenaris shares closed the week up 1.9%, and the Sell signal feels it: the decline is still without fresh push, and in our weekly technical analysis the stock has slipped from first to 31st among the 54 European sell signals. Last week the drop was making lower lows; this time the pace has stopped. The stock still trades 42% above its 200-week average, and our model flags a fresh short entry as high-risk.
Sell signal in observation
·3rd week from start
·EU-UK stocks
·T2
·📅 Earnings · Aug 5
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IQS Phase
84
in tension / maturity
Signal Strength
13
decline losing steam
Sizing
MINIMUM
Ranking
#31 / 54
EU-UK stocks sell signals
Trade P&L %
+2.19%
from signal to today
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