TENABLE HOLDINGS INC (TENB) Stock Technical Analysis
NASDAQ:TENB - Nasdaq - US88025T1025 - Common Stock - Currency: USD
Overall TENB gets a technical rating of 0 out of 10. 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, TENB is a bad performer in the overall market: 88% of all stocks are doing better.
TENB is part of the Software industry. There are 282 other stocks in this industry, of which 73% are performing better than TENB.
TENB is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month TENB has a been trading in the 29.55 - 35.69 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.
TENB has an average volume of 1701060 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of TENB is bad and it also does not present a quality setup 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
29.45
44.22
When analyzing the support we notice one important area.
- A support zone ranging from 29.75 to 30.05. 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 32.37 to 32.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 33.47 to 34.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @35.01 from a trend line in the daily time frame.
- Resistance @38.63 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 | DOWN | NEGATIVE | The short term trend for TENB is down. |
| ChartMill Relative Strength | 12.61 | NEGATIVE | TENB has a low relative strength, it was outperformed by 87.39% 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) | DOWN | NEGATIVE | The current price of TENB is below a declining 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) | 32.6 | NEUTRAL | The RSI value for TENB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.38 | NEGATIVE | The MACD value suggests TENB has a negative trend. |
| Stochastics (14,3) | 7.73 | OVERSOLD | The low Stochastics value suggests TENB may be oversold. |
| Average True Range in percent/ATR (20) | 3.68 | MEDIUM VOLATILITY | The ATR as a percentage value for TENB suggests some volalility. |
| Average Directional Index/ADX (14) | 13.32 | 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)
30.06
+0.31 (+1.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg1.04%
1 Week-6.76%
2 Weeks-10.11%
1 Month-15.23%
3 Month-4.63%
6 Month-25.28%
12 Month-27.9%
2 Year-33.74%
3 Year-24.11%
5 Year-20.14%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.11
ATR(20)%3.68%
ATR Inc15.42%
Range Today0.62
ADR(20)1.08
ADR(20)%3.6%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.61
Mansfield-2.56
10 Day High35.57
10 Day Low29.55
20 Day High35.69
20 Day Low29.55
52 Week High45.44
52 Week Low28.75
CS1 End30.05
CR1 Start32.37
Volume & EV
DER(3)-0.03%
DER(5)-1.5%
Volume1.47M
Volume Incr59.71%
Vol(5)2.14M
Vol(50)1.70M