TENAX THERAPEUTICS INC (TENX) Stock Technical Analysis
USA - NASDAQ:TENX - US88032L6056 - Common Stock
6.7 USD
+0.02 (+0.22%)
6.57 USD
-0.13 (-1.94%)
Taking everything into account, TENX scores 7 out of 10 in our technical rating. In the last year, TENX was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month TENX has a been trading in the 6.39 - 8.24 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 positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
Looking at the yearly performance, TENX did better than 84% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
TENX is part of the Biotechnology industry. There are 534 other stocks in this industry, TENX did better than 66% of them.
TENX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TENX is lagging the market.
Although TENX has an excellent technical rating, it does not present a decent entry opportunity 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
5.68
7.84
We found 4 important support areas.
- Support @6.33 from a trend line in the daily time frame.
- A support zone ranging from 6.14 to 6.16. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 5.84 to 5.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.74 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 7.51 to 7.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @7.76 from a horizontal line in the daily 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 | UP | POSITIVE | The long term trend for TENX is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TENX is down. |
| ChartMill Relative Strength | 84.72 | POSITIVE | TENX has a high relative strength, it outperformed 84.72% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of TENX is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TENX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TENX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.53 | NEUTRAL | The RSI value for TENX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests TENX has a negative trend. |
| Stochastics (14,3) | 1.78 | OVERSOLD | The low Stochastics value suggests TENX may be oversold. |
| Average True Range in percent/ATR (20) | 6.5 | HIGH VOLATILITY | The high ATR as a percentage value for TENX suggests high volalility. |
| Average Directional Index/ADX (14) | 57.1 | POSITIVE | The high ADX value value for TENX suggests a strong 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)
6.7
+0.02 (+0.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0.22%
1 Week-9.58%
2 Weeks-12.53%
1 Month4.2%
3 Month10.74%
6 Month15.52%
12 Month41.05%
2 Year-54.85%
3 Year-96.83%
5 Year-99.6%
10 Year-99.87%
15 YearN/A
Volatility
ATR(14)0.46
ATR(20)%6.5%
ATR Inc-36.02%
Range Today0.24
ADR(20)0.44
ADR(20)%6.5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.72
Mansfield-0.07
10 Day High8.24
10 Day Low6.65
20 Day High8.24
20 Day Low6.39
52 Week High8.24
52 Week Low4.3
CS1 End6.33
CR1 Start7.51
Volume & EV
DER(3)-9.8%
DER(5)-1.46%
Volume72.39K
Volume Incr-43.69%
Vol(5)79.61K
Vol(50)80.19K