TELA BIO INC (TELA) Stock Technical Analysis
NASDAQ:TELA - Nasdaq - US8723811084 - Common Stock - Currency: USD
Taking everything into account, TELA scores 5 out of 10 in our technical rating. In the past year, TELA was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, TELA is a bad performer in the overall market: 95% of all stocks are doing better.
TELA is one of the lesser performing stocks in the Health Care Equipment & Supplies industry. 78% of 188 stocks in the same industry do better.
TELA is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
TELA is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
TELA has an average technical rating and the quality of the presented setup is also not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
1.59
2.53
When analyzing the support we notice one important area.
- Support @1.61 from a trend line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 1.89 to 1.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.95 from a horizontal line in the daily time frame.
- Resistance @2.16 from a trend line in the weekly time frame.
- Resistance @2.50 from a trend line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for TELA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TELA is up. |
| ChartMill Relative Strength | 5.02 | NEGATIVE | TELA has a low relative strength, it was outperformed by 94.98% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TELA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TELA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TELA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 71.17 | OVERBOUGHT | The high RSI value suggests TELA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests TELA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.28 | OVERBOUGHT | The high Stochastics value suggests TELA may be overbought. |
| Average True Range in percent/ATR (20) | 9.01 | HIGH VOLATILITY | The high ATR as a percentage value for TELA suggests high volalility. |
| Average Directional Index/ADX (14) | 49.28 | POSITIVE | The high ADX value value for TELA suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
1.87
-0.05 (-2.6%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-2.6%
1 Week-0.53%
2 Weeks34.53%
1 Month90.82%
3 Month-20.43%
6 Month-32.49%
12 Month-65.11%
2 Year-81.54%
3 Year-73.32%
5 Year-85.57%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.18
ATR(20)%9.01%
ATR Inc1.33%
Range Today0.19
ADR(20)0.17
ADR(20)%8.98%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS5.02
Mansfield-3.36
10 Day High2.05
10 Day Low1.3
20 Day High2.05
20 Day Low0.94
52 Week High5.59
52 Week Low0.86
CS1 End1.61
CR1 Start1.89
Volume & EV
DER(3)3.53%
DER(5)2.78%
Volume159.50K
Volume Incr-23.37%
Vol(5)147.34K
Vol(50)190.60K