Tenaris Sa Stock Technical Analysis
| TNRSF Stock | USD 16.81 0.00 0.00% |
As of the 22nd of November, Tenaris SA has the Variance of 2.45, coefficient of variation of 523.78, and Risk Adjusted Performance of 0.149. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Tenaris SA, as well as the relationship between them. Please validate Tenaris SA market risk adjusted performance, total risk alpha, as well as the relationship between the Total Risk Alpha and kurtosis to decide if Tenaris SA is priced more or less accurately, providing market reflects its prevalent price of 16.81 per share. Given that Tenaris SA has total risk alpha of 0.1114, we advise you to double-check Tenaris SA's current market performance to make sure the company can sustain itself at a future point.
Tenaris SA Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Tenaris, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to TenarisTenaris |
Tenaris SA technical pink sheet analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, pink sheet market cycles, or different charting patterns.
Tenaris SA Technical Analysis
The output start index for this execution was twenty with a total number of output elements of fourty-one. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Tenaris SA volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Tenaris SA Trend Analysis
Use this graph to draw trend lines for Tenaris SA. You can use it to identify possible trend reversals for Tenaris SA as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Tenaris SA price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Tenaris SA Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Tenaris SA applied against its price change over selected period. The best fit line has a slop of 0.06 , which means Tenaris SA will continue generating value for investors. It has 122 observation points and a regression sum of squares at 120.47, which is the sum of squared deviations for the predicted Tenaris SA price change compared to its average price change.About Tenaris SA Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Tenaris SA on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Tenaris SA based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Tenaris SA price pattern first instead of the macroeconomic environment surrounding Tenaris SA. By analyzing Tenaris SA's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Tenaris SA's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Tenaris SA specific price patterns or momentum indicators. Please read more on our technical analysis page.
Tenaris SA November 22, 2024 Technical Indicators
Most technical analysis of Tenaris help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Tenaris from various momentum indicators to cycle indicators. When you analyze Tenaris charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.149 | |||
| Market Risk Adjusted Performance | (1.55) | |||
| Mean Deviation | 0.6595 | |||
| Coefficient Of Variation | 523.78 | |||
| Standard Deviation | 1.57 | |||
| Variance | 2.45 | |||
| Information Ratio | 0.13 | |||
| Jensen Alpha | 0.3047 | |||
| Total Risk Alpha | 0.1114 | |||
| Treynor Ratio | (1.56) | |||
| Maximum Drawdown | 12.56 | |||
| Potential Upside | 1.78 | |||
| Skewness | 3.84 | |||
| Kurtosis | 18.68 |
Complementary Tools for Tenaris Pink Sheet analysis
When running Tenaris SA's price analysis, check to measure Tenaris SA's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Tenaris SA is operating at the current time. Most of Tenaris SA's value examination focuses on studying past and present price action to predict the probability of Tenaris SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tenaris SA's price. Additionally, you may evaluate how the addition of Tenaris SA to your portfolios can decrease your overall portfolio volatility.
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