Tenaris (TENm.MI) is a global leader in the production and supply of seamless and welded steel pipe products for the energy industry, particularly the oil and gas sector. Founded in 2001 in Argentina, the company quickly expanded its operations worldwide and established a reputation for providing high-quality tubular solutions.
It plays a pivotal role in oilfield projects, offering a range of products for drilling, casing, and tubing. Its innovation-driven approach and commitment to sustainability have made it a key player in the energy sector. The company went public in 2002, and since then, it has continued to grow and diversify its offerings while maintaining a strong presence in the global energy market.
Tenaris stock has had an interesting share price history over the past five years. The stock's price has fluctuated several times, hitting its lowest point in October 2020 at €3.76. In February 2023, the stock reached its highest point in the past five years, trading at €17.88.
Examining these fluctuations, traders may use different trading strategies for example, day traders may buy and sell the stock on the same day, while swing traders may hold the stock for several days or weeks. Position traders, on the other hand, may hold the stock for several months or years. Traders may also use various tools and indicators such as candlestick patterns and chart patterns to analyze the stock's movements. Candlestick patterns are a popular tool, displaying the stock's price action over a specific time frame while chart patterns, such as head and shoulders, may also help traders identify potential trends in the stock.
Below are some of the main competitors worth considering before you start trading Tenaris stock:
- Norma Group (NOEJ.DE) is a global technology company that specializes in engineered joining technology solutions. Established in 1949 in Germany, Norma Group designs and manufactures a wide range of clamps, connectors, and fluid systems that are used in various industries, including automotive, industrial, and water management.
- Black & Decker (SWK.US) is a Fortune 500 American manufacturer of industrial tools, household hardware, and a provider of security products. The company's history dates back to 1910 when S. Duncan Black and Alonzo G. Decker established a small machine shop. Today, Black & Decker is a well-known brand offering a wide range of power tools, home improvement products, and security solutions.
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The above spreads are applicable under normal trading conditions. Skilling has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions'.
Why Trade [[data.name]]
Make the most of price fluctuations - no matter what direction the price swings and without capital restrictions that come with buying the underlying asset.