TELA BIO INC (TELA) Technical Analysis
NASDAQ:TELA • US8723811084
Taking everything into account, TELA scores 0 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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 95% of all other stocks performed better in the past year than TELA.
- TELA is one of the lesser performing stocks in the Health Care Equipment & Supplies industry. 75% of 184 stocks in the same industry do better.
- TELA is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so TELA is lagging the market.
- In the last month TELA has a been trading in the 0.67 - 0.93 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- 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 and the volatility has been reduced. There is very little resistance above the current price. We notice that large players showed an interest for TELA in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
0.73
We can see 3 important resistance areas.
- Resistance @0.87 from a trend line in the daily time frame.
- Resistance @1.09 from a trend line in the weekly time frame.
- Resistance @1.17 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 | DOWN | NEGATIVE | The short term trend for TELA is down. |
| ChartMill Relative Strength | 5.43 | NEGATIVE | TELA has a low relative strength, it was outperformed by 94.57% 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) | 39.56 | 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) | 48.07 | NEUTRAL | The Stochastics value for TELA is a neutral value. |
| Average True Range in percent/ATR (20) | 11.1 | HIGH VOLATILITY | The high ATR as a percentage value for TELA suggests high volalility. |
| Average Directional Index/ADX (14) | 15.33 | NEGATIVE | The low ADX value for TELA suggests a weak or negative trend. |
TELA Technicals: Chart, Performance Metrics, Trend & Indicators
0.7398
-0.03 (-4.18%)
TELA BIO INC / TELA FAQ
Can you provide the ChartMill technical rating for TELA BIO INC?
ChartMill assigns a technical rating of 0 / 10 to TELA.
Can you provide the trend direction for TELA BIO INC?
The current trend direction for TELA BIO INC (TELA) is Bearish.
Can you provide the RSI signal for TELA BIO INC?
TELA BIO INC (TELA) has an RSI value of 39.5594. This indicates that the stock is currently neutral.
What is the MACD signal for TELA BIO INC (TELA) stock?
The MACD indicator for TELA BIO INC (TELA) has a value of 0.00435715, indicating a bearish trend.
Can you provide the short term momentum for TELA BIO INC?
The short term momentum for TELA BIO INC (TELA) is negative.