Telenav Inc (TNAV) Stock Technical Analysis
USA - NASDAQ:TNAV -
Overall TNAV gets a technical rating of 5 out of 10. Although TNAV is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although the technical rating is only medium, TNAV does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 4.80. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 4.78, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for TNAV 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
4.61
We found 1 important support area.
- A support zone ranging from 4.66 to 4.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 4.80 to 4.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @4.96 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 | UP | POSITIVE | The long term trend for TNAV is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TNAV is up. |
| ChartMill Relative Strength | 5.88 | NEGATIVE | TNAV has a low relative strength, it was outperformed by 94.12% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TNAV is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of TNAV is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TNAV is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.96 | NEUTRAL | The RSI value for TNAV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests TNAV has a negative trend. |
| Stochastics (14,3) | 75.56 | NEUTRAL | The Stochastics value for TNAV is a neutral value. |
| Average True Range in percent/ATR (20) | 0.55 | LOW VOLATILITY | The low ATR as a percentage value for TNAV suggests low volalility. |
4.79
0 (0%)