TX Price Prediction Next Week
Analysis and Insights
Technical Analysis:
The stock price of TX is currently trading at 31.7, with a mixed outlook based on technical indicators. The RSI_6 (39.91), RSI_12 (53.05), and RSI_14 (53.92) suggest that the stock is not in an overbought or oversold condition. The StochK (80.24) and StochD (87.66) indicate a bullish signal, while the MACD (0.74) and its histogram (0.11) show a positive trend. The Bollinger Bands (BBp_20_3 = 0.57) indicate that the stock is trading near the lower band, suggesting potential undervaluation.
News Sentiment and Fundamental Analysis:
Recent news indicates mixed sentiment. Ternium S.A. (TX) is expected to announce its quarterly earnings, with analysts predicting revenue of $4.32 billion and earnings of $0.76 per share. Institutional investors have shown mixed activity, with 41 increasing their holdings and 109 reducing their positions. Additionally, the company is involved in a wastewater dispute in Mexico, which could impact its operations. However, the stock is part of the Invesco RAFI Strategic US ETF (IUS), which has a target price of $58.12, indicating potential upside for TX.
Fibonacci Levels:
The Fibonacci levels suggest a pivot point at 32.19, with resistance at 33.15 and support at 31.22. The stock is currently trading near the support level, indicating potential buying opportunities.
Price Prediction:
Based on the technical indicators and news sentiment, the stock is expected to move towards the Fibonacci resistance level of 33.15 in the next trading week. The exact price target is $33.15.
Buy or Sell Recommendation:
Buy TX at the current price of 31.7, with a target price of 33.15. The bullish technical indicators and potential upside from analyst targets support this recommendation.
TX Similar Chart Price Prediction
The price of TX is predicted to go up -8.86%, based on the high correlation periods with RDCM. The similarity of these two price pattern on the periods is 97.69%.
TX
RDCM
Down: -8.86%Similarity: 97.69%
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TX Analyst's Forecast
Caio Greiner
UBS
Hold
2025-03-12
Price Target
$32
Upside
+0.22%
UBS analyst Caio Greiner initiated coverage of Ternium with a Neutral rating and $32 price target. The firm sees the company as one of the best steel operators globally, due to its "high-quality" asset base, extended downstream reach, cost position, geographical footprint, and experienced management team. However, Ternium is "in a standstill" over tariffs, the analyst tells investors in a research note. The constant tariff threat is likely to generate a negative impact for Mexican economic activity and act as an overhang for Mexican equities, the analyst tells investors in a research note. UBS views Ternium as fairly valued.
