TS Forecast




Price Forecast:




80% Confidence

Bearish<->Bullish




Bullish Case: Tenaris S.A. (TS) demonstrates strong potential for growth as indicated by low implied volatility and positive sentiment, driven by stable global oil demand and strong earnings potential.




Bearish Case: Caution arises due to high volatility levels reflected in options, suggesting potential market uncertainty that could lead to sharp declines in TS's price if macroeconomic factors worsen.




Potential Outcomes:

1. Price increases by 10% due to strong demand (+35%).


2. Price holds steady as market stabilizes (+50%).


3. Price drops 15% linked to geopolitical risks (+15%).




Trading Oracle: Consider executing a bullish debit spread by buying TS $37.50 calls and selling $40.00 calls. With a favorable risk/reward ratio and current low implied volatility, this strategy enhances potential for significant upside with manageable risk.



December 20, 2024


Tenaris S.A. Forecast

TS        Tenaris S.A.











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