Tenneco (TEN) - Currently approaching My Buy ZoneTenneco is approaching a nice long setup zone. There's an obvious stop loss that is reasonably close, providing a decent risk/reward to profit targets.
TEN trade ideas
WATCHING $TEN for ENTRY TARGET @ 19.44WATCHING $TEN for ENTRY TARGET @ 19.44
I’m practicing to nail my entries even better… if target hits I will take a position.
US Stock In Play: $TEN (Tenneco Inc)$TEN share price surged by a further +14.96% since our last update this week. This totals up a gain of +42.34% in a short 9 days trading session. With $TEN continuing to outperform its sectorial competitors with increasing buying demand, trading at a new 52 weeks high on both share price and implied volatility, further upside will be imminent to test its 2019 resistance at $25 range.
$TEN is currently trading at its 52 weeks high, at a market capitalization exceeding $1 Billion USD for the first time since 2019.
$TEN designs, manufactures, and sells clean air, powertrain, and ride performance products and systems for light vehicle, commercial truck, off-highway, industrial, and aftermarket customers worldwide.
Global Trade Analysis for Tenneco, IncOur Global Algorithmic Trading Software (GATS) #7 indicates the following for Tenneco, Inc.
The Long Term Trend (LTT) is currently Bullish
The Medium Term Trend (MTT) is currently Bullish
The Short Term Trend (STT) is currently Bullish
The Micro Trend (MT) is currently Bullish
Global Entry Signal For Trade #1: $12.38
Global Current Trailing Stop Distance For Trade #1: $14.84
Global Target Profit Trade #1 : $30.00
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Long $TEN + Used cars are soaring which should increase demand for parts.
+ < $1bn market cap against $17 BN revenue
+ PE ratio of 3-4 against sector average of 20 +
+ Rapidly restructuring debt renegotiating longer terms and lower rates
+ 500% off 2017 ATH
- Already 500% off it's lows
- Debt still high. If long terms rates edge higher then the debt will become burdensome even with renegotiated terms.
TEN: Bullish Flag (30%), Ascending Triangle (94%)Primary Target (short term):
Bullish Flag (30%)
PT = 18.07$
Secondary Target (Long term):
Ascending Triangle (94%)
PT = 26.78$
Buy $TEN - NRPicks 23 AbrTenneco Inc. is a company that designs, manufactures, and sells clean air, powertrain, commercial truck, off-road, industrial and aftermarket performance products and systems worldwide. The company operates through the clean air, powertrain, driving performance and auto parts segments.
The auto parts business is a recession resistant business, for example, this stock of discount auto parts is growing at an annualized rate of 196%.
$ TEN is a volatile company, which presents strong reactions to its earnings reports, the next delivery of results will be on May 6 and has generated high expectations.
2020
- Revenue 15B
- EBITDA 871M
- CASH 798M
- TOTAL DEBT 5.6B
- P / S 0.06
TEN: Breakout Confirmed, 31.81% Potential Profit!Description: TEN is trending higher and in an uptrend meaning that highs are getting higher and lows are getting higher. The uptrend line on the chart and the Trending Band Indicator (which measures trend) supports the Long Position.
Stats:
1. Ideal buy range: $11 - $11.8
2. Take profit: $14.96
3. Stop Loss: $10.58
4. Risk To Reward: 1 / 5
5. Accuracy Rating: 80%
A retest of $7.85 sets up great long-term buy Know nothing about $TEN the company, but just looking at the chart, it looks like a great long term buy.
I think it could eventually break $100 over the next 3-5 years, but shorter term upside targets on the chart.
I think there's risk that we'll get one more retest of the lows sometime between April-May, but that'll setup a great long opportunity in this stock.
I have an alert to buy it on a retest of $7.85 which I think will be the long-term bottom.
TEN Breakout Stock AlertBREAKOUT STOCK ALERT
$TEN - Tenneco Inc. Class A Voting Common Stock
Initial Alert Price: $10.48
Potential Price: $12.56
Potential Gains: 20%
Stop Loss Limit: $9.96
TEN just broke a very important Resistance Level at the $10.31 after opening up 7.63% higher in today's trading sesion. We expect the stock to begin trading within the $10.53 to $14.70 Price Ranges moving into next year. Now that the Looking from the Longer-Term Trend Analysis, the stock is swinging on the Day and riding the 13 Day Exp Avg. Daily RSI is hovering around 53 and holding on the RSI Daily Trend Line since it's Sept. 25th Pullback, meaning the stock has some room to continue to the upside. #Breakout #Stocks #Trading #Investing #Alerts #StockMarket #Daily #News #Today
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TEN : inverse head and shoulder patterns - may be longNext week and weekly trend shows positive. Inverse head and shoulder patterns support the trend and required resistance crossing confirmation by next week :-)
$TEN Closes Above Long Term ResistanceOn 5/27/20 $TEN closed above a long term resistance level that hasn't been broken since January 16th, 2018. Not only did $TEN break though and close higher than resistance, it did so with gusto, gapping higher on the day. $TEN is also above its 50 day moving average of $4.14 and the 50 day MA is just beginning to slope upward indicating continued short term bullishness. Fundamentally this auto supplier of aftermarket and OE has taken a beating in the last two years which imho has been way overdone. Although this company is levered up to their neck in debt, their long term earning potential will make today's stock price look extremely cheap on any metric if they're able to pay that debt down over time. If they aren't able to service their debt, then they will have to sell off product lines or whole divisions which would only boost the stock price from these levels making it a great win-win scenario.
Bearish on TEN until Golden cross commencesTEN has surprised the traders once again with a break through the short downtrend, retracing back to support, bouncing and making 5% gains on the daily. However, with quarterly earnings on the horizon, I don't see these gains sticking around very long.
We are still in a major bearish downtrend, with GM layoffs looming, tariff rates, and the forecast for a recession upon us, for myself to feel any worthwhile investing in such asset. This asset, as well, is not going to trend fairly when companies start automating electric vehicles; since electric vehicles do not require an exhaust system.
I will be keeping an eye out for earnings and go from there.
Earnings decides this markets fate.An earning over prediction has sent this market into a 'good standing' position for the neutral area. Assuming that earnings will not beat prediction, due to tariffs, I expect a major downtrend continuing. If we do not stay in neutral territory, expect a straight downward selloff.
Tenneco ComebackTechnical Analysis - None
Fundamental Analysis - The Analysts are Wrong
Stock will probably dribble down to 8 before August 6th earnings and then will blow out
