TENNANT CO (TNC) Stock Technical Analysis
NYSE:TNC - US8803451033 - Common Stock
82.94 USD
+0.37 (+0.45%)
82.94 USD
0 (0%)
Overall TNC gets a technical rating of 4 out of 10. TNC has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
65% of all other stocks performed better in the past year than TNC.
TNC is one of the lesser performing stocks in the Machinery industry. 60% of 128 stocks in the same industry do better.
In the last month TNC has a been trading in the 79.25 - 85.43 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.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
TNC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TNC is lagging the market.
Although the technical rating is only medium, TNC does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 83.71. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 82.46, a Stop Loss order could be placed below this zone.
More info and screens
78.72
87.87
When analyzing the support we notice one important area.
- A support zone ranging from 79.52 to 82.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 83.71 to 85.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @87.00 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 | NEUTRAL | NEUTRAL | The long term trend for TNC is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TNC is neutral. |
| ChartMill Relative Strength | 35.23 | NEUTRAL | TNC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TNC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TNC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of TNC is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.13 | NEUTRAL | The RSI value for TNC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests TNC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 48.46 | NEUTRAL | The Stochastics value for TNC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.3 | MEDIUM VOLATILITY | The ATR as a percentage value for TNC suggests some volalility. |
| Average Directional Index/ADX (14) | 11.77 | NEGATIVE | The low ADX value for TNC 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)
82.94
+0.37 (+0.45%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg0.45%
1 Week-0.05%
2 Weeks2.74%
1 Month4.04%
3 Month11.09%
6 Month-4.15%
12 Month-9.34%
2 Year11.85%
3 Year46.64%
5 Year37.41%
10 Year47.63%
15 Year168.41%
Volatility
ATR(14)1.77
ATR(20)%2.3%
ATR Inc30.65%
Range Today2.01
ADR(20)1.75
ADR(20)%2.11%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS35.23
Mansfield-0.83
10 Day High84.42
10 Day Low79.44
20 Day High85.43
20 Day Low79.26
52 Week High98.52
52 Week Low67.32
CS1 End82.46
CR1 Start83.71
Volume & EV
DER(3)2.04%
DER(5)1.82%
Volume104.38K
Volume Incr-9.31%
Vol(5)100.22K
Vol(50)116.81K