Tenaris's decline bites again
Tenaris drops 3.7% as sellers retake control
Our view last week
After the 7.2% drop in earnings week, Tenaris stock has stalled: this week closes almost flat, +0.3%, with sellers no longer dominant at 51% of volume. Under the surface money flow keeps worsening and the trend is losing conviction — ADX has fallen for a third straight week. The sell signal, live for 7 weeks, sits at a 5.88% gain but without fresh acceleration.
This week's summary
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.
IQS Phase
79
in tension
Signal Strength
26
decline starting to make lower lows
Sizing
MINIMUM
Ranking
#26 / 46
EU-UK stocks
Trade P&L %
+9.32%
from signal to date, no stop loss
Rank position
ranks 26th among the 46 sell signals for European-UK stocks in our ranking, with a signal strength of 26 out of 100.
Sector context
SectorItalian
Benchmark ETFEXV6
Sector regimein positive regime
Performanceweekly +5.48% · monthly +10.32%
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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