Analysis for Tecnicas Reunidas
Description & usage
Tecnicas Reunidas is an EPC contractor for energy and industrial plants, with exposure to refining, petrochemical, and gas projects. It benefits from global capex cycles in energy infrastructure. Key drivers are order intake, project execution, contract-mix margins, and working-capital discipline.
Basic info
- Symbol
- TRE.MC
- Type
- Stock
- Region
- Europe
- Sector
- Industrials
- Available history
- 11.1 years
- Last trading day
- 04/02/2026
Basic info
- Symbol
- TRE.MC
- Type
- Stock
- Region
- Europe
- Sector
- Industrials
- Available history
- 11.1 years
- Last trading day
- 04/02/2026
Market context
- DXY
- 120.89
- US 10Y Real
- 1.99%
- Fed Balance
- $6.68T
- EZ HICP
- 2.0%
- ECB Rate
- 4.25%
- Bund 10Y
- 3.03%
- VIX
- 24.54
- HY OAS
- 3.17%
- Brent
- $121.88
- Core HICP
- 2.3%
- DE 2Y
- 2.62%
- EZ PMI
- –
Score overview
The overall score combines Performance, Stability and Trend into one comparable value.
Market context
- DXY
- 120.89
- US 10Y Real
- 1.99%
- Fed Balance
- $6.68T
- EZ HICP
- 2.0%
- ECB Rate
- 4.25%
- Bund 10Y
- 3.03%
- VIX
- 24.54
- HY OAS
- 3.17%
- Brent
- $121.88
- Core HICP
- 2.3%
- DE 2Y
- 2.62%
- EZ PMI
- –
Analysis summary
Technical asset picture
Tecnicas Reunidas (TRE.MC) currently has a total score of 59 points, placing it in the neutral range. The score is made up of Performance (65), Stability (35) and Trend (78). The profile is clearly uneven: Trend stands out while Stability lags.
Performance scores 65 points (strong). Key strength: 1Y return at 154.6 %. Even the weakest return is still strong in absolute terms: 10Y return at 23.0 %. This points to a sharper upswing more recently.
Stability scores 35 points (weak). Key strength: return/volatility ratio at 3.82. Main drag: max drawdown (10Y) at -87.7 %. That indicates very deep historical drawdowns. Higher Stability points are better and typically reflect calmer swings and smaller drawdowns-but prices can still fall.
Trend scores 78 points (strong). Key strength: 12M momentum at 151.1 %. Even the weakest metric remains solid in absolute terms: trend strength at 0.50.
Overall, the picture is mixed: Trend does the heavy lifting while Stability holds the score back. On a metric level, return/volatility ratio stands out, while max drawdown (10Y) is the main weak spot.
Current market backdrop
The backdrop currently looks mixed and rather restrictive.
A strong US dollar currently paints a mixed risk picture.
High US real yields and elevated long yields lean toward a restrictive rate backdrop.
What that typically means here
For this asset type, the current backdrop looks mixed rather than clearly directional.
Note: Euro area PMI was not used actively in the effect logic.
Historical evaluation and qualitative market context only, not investment advice.
Price chart
Use the chart to read recent price behavior before drilling into metrics.
Scores and metrics
Explore the overall score, the three pillar scores, and the metrics behind them.