Tenaris S.A. technical analysis
Technical analysis of Tenaris S.A. (stock) with the Montbon Method — Elliott Waves, moving averages and a 0–100 score.
What is Tenaris S.A.
Tenaris S.A. manufactures and supplies steel pipe products and related services for the energy industry and other industrial applications, operating globally. Its product range includes casings and tubing for oil and gas wells, pipelines for crude oil and natural gas transportation, mechanical and structural pipes, as well as coating services and components for automotive and industrial applications.
Description generated automatically from public sources; it may be inaccurate or out of date.
Tenaris S.A.: latest session data
Closing values for September 2, 2026, computed on the last 12 months of prices.
Moving averages
21 sessions
23.24 €
+2.63%
50 sessions
23.98 €
−0.55%
200 sessions
22.42 €
+6.40%
Session levels
s2
23.70
Support
s1
24.04
Support
pivot
24.22
Pivot
r1
24.56
Resistance
r2
24.74
Resistance
How to read it
In the September 2, 2026 session Tenaris S.A. closed lower at 23.85 €, −2.21% versus the previous session.
The price sits mixed against its moving averages: +2.63% against the 21-session average, −0.55% against the 50 and +6.40% against the 200.
The 14-period RSI reads 52.6, in neutral territory.
MACD stands at -0.126 against a signal line at -0.320: the histogram is positive (+0.194).
ADX reads 18.6, indicating weak directionality.
Levels computed on the latest session place supports at 24.04 and 23.70 € and resistances at 24.56 and 24.74 €, around a pivot of 24.22.
The average daily range (ATR) is 0.591 €, or 2.48% of price.
Turnover was 539.7K shares, 31% of the 20-session average.
Over the last twelve months the price ranged between 22.28 and 27.82 €, and today stands −14.27% from the period high.
Measures computed on closing prices. They describe the past; they are not forecasts.
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How Montbon’s technical analysis works
Montbon analyses markets with Elliott Waves, multi-timeframe moving averages and a 0–100 score summarising the technical setup. It is an informational screening tool.
Elliott Waves
Wave counting to frame the price structure.
MTF moving averages
Moving averages across timeframes to read the trend.
0–100 score
A technical summary of the setup, updated daily.
FAQ about Tenaris S.A.
How is Tenaris S.A. analysed technically?
Technical analysis of Tenaris S.A. is based on price charts and indicators such as moving averages, RSI and MACD, to observe trend, momentum and volatility across different time horizons.
Which timeframes are used for Tenaris S.A.?
The daily and weekly charts are typically used for medium-to-long-term trends, while intraday charts (for example 1-hour or 15-minute) are used for short-term movements.
What are Elliott Waves applied to Tenaris S.A.?
Elliott Wave theory describes price moves as sequences of impulsive and corrective waves; applied to Tenaris S.A. it helps frame the technical structure of the historical chart and is not a forecast.
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