Tenaris: the decline slows, but doesn't stop
Tenaris short: tenth week in, the decline loses steam but holds
Our view last week
After a near-flat pause week, Tenaris stock drops back: -3.7% with sellers back in control at 91% of weekly volume. Buyer dominance has collapsed and the latest bar shows sellers extremely dominant, while the distribution phase deepens. Money flow keeps worsening for a third straight week. One contrast worth watching: the trend has been losing conviction for 16 weeks, even as the price accelerates lower.
This week's summary
After last week's -3.7% drop, Tenaris stock bounces back 3.9% with buyers taking 73% of the volume: it looks like relief, but money flow stays negative and the ADX keeps falling, now for 17 straight weeks. Daily price action still argues for caution, with the sequence of highs still trending lower. The sell signal is in its tenth week of management, the short up 5.8% since entry: the decline is losing steam, without reversing.
IQS Phase
81
in tension / maturity
Signal Strength
11
decline losing steam
Sizing
MINIMUM
Ranking
#27 / 51
EU-UK stocks
Trade P&L %
+5.80%
from signal to date, no stop loss
Rank position
ranks 27th among the 51 sell signals for European-UK stocks in our ranking, with a signal strength of 11 out of 100.
Sector context
SectorItalian
Benchmark ETFEXV6
Sector regimein positive regime
Performanceweekly +2.02% · monthly +13.98%
TEN belongs to the italian sector (reference ETF EXV6). The sector is classified in positive regime according to our weekly reading.
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