TENABLE HOLDINGS INC (TENB) Stock Technical Analysis
NASDAQ:TENB - Nasdaq - US88025T1025 - Common Stock - Currency: USD
Taking everything into account, TENB scores 1 out of 10 in our technical rating. TENB 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, TENB is a bad performer in the overall market: 85% of all stocks are doing better.
TENB is part of the Software industry. There are 282 other stocks in this industry, of which 71% are performing better than TENB.
TENB 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 TENB has a been trading in the 32.39 - 35.69 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
TENB has an average volume of 1614340 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
TENB 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
30.14
44.22
4 important support areas can be observed.
- A support zone ranging from 32.91 to 33.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @32.11 from a trend line in the daily time frame.
- Support @31.32 from a horizontal line in the daily time frame.
- A support zone ranging from 30.44 to 30.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
5 important resistance areas can be observed.
- A resistance zone ranging from 33.56 to 34.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @34.73 from a trend line in the daily time frame.
- Resistance @35.47 from a horizontal line in the daily time frame.
- Resistance @38.97 from a trend line in the weekly time frame.
- Resistance @43.78 from a horizontal 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 TENB is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TENB is neutral. |
| ChartMill Relative Strength | 15.48 | NEGATIVE | TENB has a low relative strength, it was outperformed by 84.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TENB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TENB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TENB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.73 | NEUTRAL | The RSI value for TENB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests TENB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 26.57 | NEUTRAL | The Stochastics value for TENB is a neutral value. |
| Average True Range in percent/ATR (20) | 3.07 | MEDIUM VOLATILITY | The ATR as a percentage value for TENB suggests some volalility. |
| Average Directional Index/ADX (14) | 13.98 | NEGATIVE | The low ADX value for TENB 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)
33.47
+0.18 (+0.54%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0.54%
1 Week2.95%
2 Weeks-3.63%
1 Month0%
3 Month1.49%
6 Month-22.86%
12 Month-22.52%
2 Year-31.22%
3 Year-13.4%
5 Year-1.36%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.98
ATR(20)%3.07%
ATR Inc-28.85%
Range Today0.85
ADR(20)0.97
ADR(20)%2.9%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.48
Mansfield-1.82
10 Day High35.69
10 Day Low32.39
20 Day High35.69
20 Day Low32.39
52 Week High49.18
52 Week Low28.75
CS1 End33.41
CR1 Start33.56
Volume & EV
DER(3)0.04%
DER(5)0.92%
Volume1.16M
Volume Incr-50.62%
Vol(5)934.33K
Vol(50)1.61M