TS Price Prediction Next Week
Technical Analysis: Based on recent price action, TS has shown increased volatility with a notable upward movement. The latest closing price is $37.76, representing a -2.20% decline during regular market hours on Friday.
The technical indicators suggest:
- RSI (14) at 44.04 indicates neutral momentum but approaching oversold territory
- MACD shows weak bullish momentum with MACD (0.09) slightly above signal line (0.17)
- Stock is trading above major moving averages (SMA200: $33.27, SMA50: $38.32)
- Bollinger Bands show price near middle band ($38.50), suggesting potential for movement in either direction
Recent Analyst Views:
- TD Cowen raised price target to $44 from $43 while maintaining Buy rating, citing strong Q4 results and positive tariff outlook commentary
- Bank of America maintains Sell rating despite analyst consensus of Moderate Buy with average price target of $43.86
- Kepler Capital maintains Hold rating with €20.50 price target
Price Prediction for Next Week: Based on technical setup and analyst sentiment:
- Support levels: $36.75 (lower Bollinger Band)
- Resistance levels: $40.26 (upper Bollinger Band)
Expected price range: $36.50-$39.50 with highest probability scenario targeting $38.50-$39.00.
Trading Recommendation: HOLD position for now. While longer-term outlook remains positive based on analyst consensus and fundamental factors, short-term technical indicators suggest consolidation. Wait for clearer directional momentum before establishing new positions.
The stock is likely to remain range-bound between support at $36.75 and resistance at $40.26 next week. Consider entering long positions near support levels if bullish technical confirmation appears.
TS Similar Chart Price Prediction
The price of TS is predicted to go up -14.52%, based on the high correlation periods with GBR. The similarity of these two price pattern on the periods is 92.17%.
TS
GBR
Down: -14.52%Similarity: 92.17%
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TS VS S&P500
Tenaris' Rig Direct program will streamline the cumbersome OCTG supply chain, adding value for the company and its customers.
The state-of-the-art Bay City mill will lift Tenaris' U.S. sales above prior peak levels while augmenting its supply chain optimization initiatives.
Growth in international offshore drilling markets will increase demand for Tenaris' premium products for which it can command higher prices.
TS Analyst's Forecast
David Anderson
Barclays
Buy
2025-02-24
Price Target
$48 → $50
Upside
+32.98%
Barclays raised the firm's price target on Tenaris to $50 from $48 and keeps an Overweight rating on the shares. While trade actions look set to disrupt the U.S. and global oil country tubular goods market, Tenaris remains a global leader with the flexibility to adapt, the analyst tells investors in a research note.
Alan Spence
Jefferies
Hold → Strong Buy
2024-12-09
Price Target
$35 → $47
Upside
+21.17%
Stephen Gengaro
Stifel
Strong Buy
2024-10-11
Price Target
$37 → $36
Upside
+11.35%
