TELA BIO INC (TELA) Stock Technical Analysis
USA - NASDAQ:TELA - US8723811084 - Common Stock
1.54 USD
-0.07 (-4.35%)
1.57 USD
+0.03 (+1.95%)
We assign a technical rating of 0 out of 10 to TELA. TELA scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, TELA is a bad performer in the overall market: 94% of all stocks are doing better.
TELA is part of the Health Care Equipment & Supplies industry. There are 190 other stocks in this industry, of which 70% are performing better than TELA.
In the last month TELA has a been trading in the 1.51 - 2.00 range, which is quite wide. It is currently trading near the lows of this range.
TELA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TELA is lagging the market.
Volume is considerably higher in the last couple of days.
TELA has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
1.45
1.84
3 important support areas can be observed.
- A support zone ranging from 1.53 to 1.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.50 from a horizontal line in the daily time frame.
- Support @1.46 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 1.58 to 1.60. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 1.63 to 1.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 1.67 to 1.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.82 from a trend line in the weekly 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 | DOWN | NEGATIVE | The long term trend for TELA is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TELA is neutral. |
| ChartMill Relative Strength | 6.1 | NEGATIVE | TELA has a low relative strength, it was outperformed by 93.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TELA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TELA is below a declining 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) | 41.84 | NEUTRAL | The RSI value for TELA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests TELA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 24.05 | NEUTRAL | The Stochastics value for TELA is a neutral value. |
| Average True Range in percent/ATR (20) | 9.32 | HIGH VOLATILITY | The high ATR as a percentage value for TELA suggests high volalility. |
| Average Directional Index/ADX (14) | 9.7 | NEGATIVE | The low ADX value for TELA suggests a weak or negative 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)
1.54
-0.07 (-4.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-4.35%
1 Week-2.53%
2 Weeks-3.75%
1 Month-15.85%
3 Month-21.83%
6 Month24.7%
12 Month-41.44%
2 Year-80.75%
3 Year-81.92%
5 Year-90.69%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.13
ATR(20)%9.32%
ATR Inc-18.33%
Range Today0.14
ADR(20)0.14
ADR(20)%9.29%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS6.1
Mansfield-3.39
10 Day High1.72
10 Day Low1.51
20 Day High2
20 Day Low1.51
52 Week High3.26
52 Week Low0.86
CS1 End1.53
CR1 Start1.58
Volume & EV
DER(3)-16.88%
DER(5)-7.54%
Volume210.24K
Volume Incr77.76%
Vol(5)145.81K
Vol(50)87.90K