TENNANT CO (TNC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TNC - US8803451033 - Common Stock
Overall TNC gets a technical rating of 0 out of 10. TNC's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, TNC does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 77.00. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 69.99, a Stop Loss order could be placed below this zone.
More info and screens
68.83
When analyzing the support we notice one important area.
- A support zone ranging from 69.53 to 69.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 77.00 to 78.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 81.76 to 84.91. 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 | DOWN | NEGATIVE | The long term trend for TNC is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TNC is down. |
| ChartMill Relative Strength | 20.19 | NEGATIVE | TNC has a low relative strength, it was outperformed by 79.81% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TNC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TNC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TNC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.73 | NEUTRAL | The RSI value for TNC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.39 | POSITIVE | The MACD value suggests TNC has a positive trend. |
| Stochastics (14,3) | 72.32 | NEUTRAL | The Stochastics value for TNC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.34 | MEDIUM VOLATILITY | The ATR as a percentage value for TNC suggests some volalility. |
| Average Directional Index/ADX (14) | 31.89 | POSITIVE | The high ADX value value for TNC suggests a strong trend. |
73.13
-0.64 (-0.87%)
TENNANT CO / TNC FAQ
What is the ChartMill technical rating of TENNANT CO (TNC) stock?
ChartMill assigns a technical rating of 0 / 10 to TNC.
What is the trend direction for TNC stock?
The current trend direction for TENNANT CO (TNC) is Bearish.
What is the RSI signal for TENNANT CO (TNC) stock?
TENNANT CO (TNC) has an RSI value of 44.7328. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for TENNANT CO?
The buy/sell signal for TENNANT CO (TNC) is sell as both the short term and long term trends are negative.
What is the support and resistance level for TNC stock?
TENNANT CO (TNC) has a support level at 69.99 and a resistance level at 77. Check the full technical report for our detailed analysis of TNC support and resistance levels.