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TX
Stock ticker: NYSE
AS OF
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Capitalization
7.55B

TX Ternium SA Forecast, Technical & Fundamental Analysis

a manufacturer of steel products

Industry Steel
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for TX with price predictions
08:00 PM EDT Sep 21, 2023

TX's RSI Indicator climbs out of oversold territory

The RSI Indicator for TX moved out of oversold territory on September 22, 2023. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 27 similar instances when the indicator left oversold territory. In of the 27 cases the stock moved higher. This puts the odds of a move higher at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 7 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where TX advanced for three days, in of 341 cases, the price rose further within the following month. The odds of a continued upward trend are .

TX may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on September 13, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on TX as a result. In of 77 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for TX turned negative on September 13, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 44 similar instances when the indicator turned negative. In of the 44 cases the stock turned lower in the days that followed. This puts the odds of success at .

TX moved below its 50-day moving average on September 07, 2023 date and that indicates a change from an upward trend to a downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where TX declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for TX entered a downward trend on August 29, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.610) is normal, around the industry mean (1.897). P/E Ratio (6.305) is within average values for comparable stocks, (37.527). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (4.550). Dividend Yield (0.070) settles around the average of (0.047) among similar stocks. P/S Ratio (0.498) is also within normal values, averaging (3.496).

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 73, placing this stock slightly better than average.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. TX’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Nucor Corp (NYSE:NUE), ArcelorMittal (NYSE:MT), Cleveland-Cliffs (NYSE:CLF), United States Steel Corp (NYSE:X), Arconic Corp (NASDAQ:ARNC).

Industry description

The steel industry includes manufacturers of steel and steel-related products. Companies use iron ore and scrap steel to produce steel. The industry also includes companies involved in mining and marketing of steel products. Along with serving some of the domestic markets, U.S. steel output has, over the years, been used by international economies as well. Competition from imported steel has also increased over time. The industry could be susceptible to business cycles, since the element is an important input in industrial production. Some of the globally-renowned steel behemoths include Nucor Corporation, Vale, and ArcelorMittal SA.

Market Cap

The average market capitalization across the Steel Industry is 4.23B. The market cap for tickers in the group ranges from 107.02K to 38.09B. NUE holds the highest valuation in this group at 38.09B. The lowest valued company is GCIN at 107.02K.

High and low price notable news

The average weekly price growth across all stocks in the Steel Industry was -1%. For the same Industry, the average monthly price growth was -2%, and the average quarterly price growth was 4%. ZKIN experienced the highest price growth at 55%, while USAP experienced the biggest fall at -12%.

Volume

The average weekly volume growth across all stocks in the Steel Industry was -32%. For the same stocks of the Industry, the average monthly volume growth was -26% and the average quarterly volume growth was 4%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 26
P/E Growth Rating: 39
Price Growth Rating: 56
SMR Rating: 64
Profit Risk Rating: 72
Seasonality Score: -10 (-100 ... +100)
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I. Advisor
published Earnings

TX is expected to report earnings to fall 51.72% to $1.54 per share on October 31

Ternium SA TX Stock Earnings Reports
Q3'23
Est.
$1.54
Q2'23
Beat
by $1.27
Q1'23
Beat
by $1.00
Q4'22
Missed
by $0.09
Q3'22
Missed
by $1.08
The last earnings report on August 01 showed earnings per share of $3.19, beating the estimate of $1.92. With 193.10K shares outstanding, the current market capitalization sits at 7.55B.
A.I.Advisor
published Dividends

TX paid dividends on May 15, 2023

Ternium SA TX Stock Dividends
А dividend of $1.80 per share was paid with a record date of May 15, 2023, and an ex-dividend date of May 04, 2023. Read more...
A.I. Advisor
published General Information

General Information

a manufacturer of steel products

Industry Steel

Profile
Fundamentals
Details
Industry
Steel
Address
26 Boulevard Royal
Phone
+352 26683152
Employees
20510
Web
https://www.ternium.com
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TX and

Correlation & Price change

A.I.dvisor indicates that over the last year, TX has been closely correlated with MT. These tickers have moved in lockstep 75% of the time. This A.I.-generated data suggests there is a high statistical probability that if TX jumps, then MT could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To TX
1D Price
Change %
TX100%
+0.89%
MT - TX
75%
Closely correlated
-0.52%
GGB - TX
66%
Loosely correlated
-0.41%
SID - TX
65%
Loosely correlated
-0.82%
CLF - TX
64%
Loosely correlated
+3.29%
NUE - TX
62%
Loosely correlated
+1.05%
More

Groups containing TX

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To TX
1D Price
Change %
TX100%
+0.89%
TX
(undefined stocks)
95%
Closely correlated
-0.22%
steel
(undefined stocks)
71%
Closely correlated
+0.24%
Steel
(undefined stocks)
52%
Loosely correlated
+0.02%
europe
(undefined stocks)
43%
Loosely correlated
-0.01%