Open buy · week 3 · Borsa Italiana (Milan)
Tenaris gains 1.3% and presses the 25 area again, where the ceiling still holds
Our view last week
Tenaris ended the week flat, at 0.0%, still below the 25 area that turned price away a week earlier. In the weekly bar sellers moved ahead, with volume contracting and a distribution phase underway. Technical analysis of Tenaris stock shows a structure still bullish above the 50-week average, and a buy signal that already carries an early-exit warning: the price action calls for caution on this swing trading trade setup.
This week's summary
Tenaris bounced off its 20-day moving average and closed the week up 1.3%, yet the 25 area is still the ceiling: that is where the advance stalled a week ago too. Price action on Tenaris stock shows contracting volume and weekly money flow negative for 3 weeks, while the structure stays bullish above the 50-week average. For swing trading, the weekly buy signal is still fading and the early-exit warning stands on this trade setup.
IQS Phase
57
ordinary
Signal Strength
37
medium · weak
Sizing
REDUCED
Ranking
#24 / 29
EU-UK stocks in progress
Trade P&L %
+0.37%
from signal to date, no stop loss
Tenaris (TEN) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 24th among the 29 Longs already running for European-UK stocks in our ranking, with a signal strength of 37 out of 100.
Sector context
SectorItalian
Benchmark ETFEXV6
Sector regimeweak phase
Performanceweekly -0.36% · monthly -4.97%
TEN belongs to the italian sector (reference ETF EXV6). The sector is classified weak phase according to our weekly reading.
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