The PEAD projected a Bullish outlook for $TS after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 71.43%.
The PEAD projected a Bearish outlook for $TS after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 75%.
By looking at the recent financial result plus the technical of the stock ,the short term downtrend will be over soon
after few days of this sideways price ,this will be surely aim to move up .
#STOCK
Tenaris is in the Steel manufacturing and supply business. With the recent passing of the infrastructure bill it's no wonder we are seeing a weekly breakout here.
Looking for more continuation this week with a near term PT to the next line of resistance $27 zone. Love to see the EMA's opening up and MACD bullish cross for confluence.
I'm in NOV $25 calls,...
Tenaris S.A. is a global manufacturer and supplier of steel pipes and related services, primarily for the energy industry with nearly 23,000 employees around the world.
Possible "Pick-and-Shovel" Play.
Technical View:
Emerging from a falling channel structure.
Buy: $21.91
Stop: $19.45
Target: $25.20 to $26.00
Piper Sandler Lifts Tenaris SA to Overweight From Neutral, Price Target to $23 From $16.25
In the fourth quarter of 2020, our sales rose 12% sequentially driven by a gradual recovery in drilling activity in the Americas and a good mix of products sold in the Middle East.
EBITDA rose 79% sequentially, reflecting a better industrial performance and the operating...
We are the leading manufacturer of pipes and related services for the world's energy industry and certain other industrial applications. Our manufacturing system integrates steelmaking, pipe rolling and forming, heat treatment, threading and finishing across 16 countries. We also have an R&D network focused on enhancing our product portfolio and improving our...
