TELA BIO INC (TELA) Stock Technical Analysis
NASDAQ:TELA - Nasdaq - US8723811084 - Common Stock - Currency: USD
Taking everything into account, TELA scores 2 out of 10 in our technical rating. TELA's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
61% of all other stocks performed better in the past year than TELA.
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.
In the last month TELA has a been trading in the 1.60 - 2.19 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
TELA is part of the Health Care Equipment & Supplies industry. There are 187 other stocks in this industry, TELA did better than 61% of them.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, TELA does present a nice setup opportunity. Prices have been consolidating lately.
More info and screens
1.64
2.06
We found 1 important support area.
- Support @1.66 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 1.80 to 1.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 1.90 to 1.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 2.02 to 2.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | DOWN | NEGATIVE | The short term trend for TELA is down. |
| ChartMill Relative Strength | 39.04 | NEUTRAL | TELA is not amongst the best or worst performers 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) | UP | MIXED | The current price of TELA is below 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) | 43.07 | NEUTRAL | The RSI value for TELA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests TELA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 17.27 | OVERSOLD | The low Stochastics value suggests TELA may be oversold. |
| Average True Range in percent/ATR (20) | 11.23 | HIGH VOLATILITY | The high ATR as a percentage value for TELA suggests high volalility. |
| Average Directional Index/ADX (14) | 22.35 | NEUTRAL | The ADX value for TELA suggests a possible start of a new 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)
1.72
+0.05 (+3.3%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg3.3%
1 Week-7.53%
2 Weeks-10.42%
1 Month-14%
3 Month59.26%
6 Month-35.58%
12 Month-57.64%
2 Year-82.19%
3 Year-79.57%
5 Year-87.93%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.2
ATR(20)%11.23%
ATR Inc0.15%
Range Today0.14
ADR(20)0.19
ADR(20)%10.99%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS39.04
Mansfield-2.98
10 Day High2.13
10 Day Low1.66
20 Day High2.19
20 Day Low1.6
52 Week High4.08
52 Week Low0.86
CS1 End1.66
CR1 Start1.8
Volume & EV
DER(3)-8.54%
DER(5)-20.44%
Volume68.00K
Volume Incr-22.83%
Vol(5)47.28K
Vol(50)90.24K