We assign a technical rating of 9 out of 10 to TENX. Both in the recent history as in the last year, TENX has proven to be a steady performer, scoring decent points in every aspect analyzed.
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
6.59
We found 3 important support areas.
- Support @9.00 from a horizontal line in the daily time frame.
- Support @6.90 from a trend line in the daily time frame.
- A support zone ranging from 6.66 to 6.68. This zone is formed by a combination of multiple trend lines in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 9.66 to 9.66. 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 | UP | POSITIVE | The long term trend for TENX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TENX is up. |
| ChartMill Relative Strength | 94.49 | POSITIVE | TENX has a high relative strength, it outperformed 94.49% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TENX is above 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) | 72.84 | OVERBOUGHT | The high RSI value suggests TENX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests TENX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.59 | OVERBOUGHT | The high Stochastics value suggests TENX may be overbought. |
| Average True Range in percent/ATR (20) | 5.17 | HIGH VOLATILITY | The high ATR as a percentage value for TENX suggests high volalility. |
| Average Directional Index/ADX (14) | 34.38 | POSITIVE | The high ADX value value for TENX suggests a strong trend. |
9.65
+0.3 (+3.21%)
TENAX THERAPEUTICS INC / TENX FAQ
What is the ChartMill technical rating of TENAX THERAPEUTICS INC (TENX) stock?
ChartMill assigns a technical rating of 9 / 10 to TENX.
Can you provide the trend direction for TENAX THERAPEUTICS INC?
The current trend direction for TENAX THERAPEUTICS INC (TENX) is Bullish.
What is the RSI signal for TENX stock?
TENAX THERAPEUTICS INC (TENX) has an RSI value of 72.8377. This indicates that the stock is currently overbought.
Can you provide the MACD signal for TENAX THERAPEUTICS INC?
The MACD indicator for TENAX THERAPEUTICS INC (TENX) has a value of 0.126698, indicating a bearish trend.
What is the short term momentum for TENAX THERAPEUTICS INC (TENX) stock?
The short term momentum for TENAX THERAPEUTICS INC (TENX) is positive.