TENNANT CO (TNC) Stock Technical Analysis
NYSE:TNC - New York Stock Exchange, Inc. - US8803451033 - Common Stock - Currency: USD
Taking everything into account, TNC scores 0 out of 10 in our technical rating. TNC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
84% of all other stocks performed better in the past year than TNC.
TNC is part of the Machinery industry. There are 128 other stocks in this industry, of which 74% are performing better than TNC.
TNC is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so TNC is lagging the market.
In the last month TNC has a been trading in the 71.65 - 77.22 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.
TNC has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 74.26, a Stop Loss order could be placed below this zone.
More info and screens
67.50
87.87
We found 2 important support areas.
- A support zone ranging from 73.16 to 74.26. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @68.18 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 74.51 to 77.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @83.24 from a trend line in the daily time frame.
- 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 | DOWN | NEGATIVE | The long term trend for TNC is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TNC is neutral. |
| ChartMill Relative Strength | 16.51 | NEGATIVE | TNC has a low relative strength, it was outperformed by 83.49% 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 | MIXED | The current price of TNC is above 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) | 49.19 | NEUTRAL | The RSI value for TNC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests TNC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 63.97 | NEUTRAL | The Stochastics value for TNC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.44 | MEDIUM VOLATILITY | The ATR as a percentage value for TNC suggests some volalility. |
| Average Directional Index/ADX (14) | 11.73 | 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)
74.33
-1.79 (-2.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg-2.35%
1 Week-0.44%
2 Weeks-0.12%
1 Month-1.74%
3 Month-12%
6 Month-11.56%
12 Month-22.79%
2 Year-8.36%
3 Year25.45%
5 Year14.34%
10 Year13.76%
15 Year119.78%
Volatility
ATR(14)1.84
ATR(20)%2.44%
ATR Inc8.95%
Range Today1.49
ADR(20)1.62
ADR(20)%2.18%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.51
Mansfield-1.79
10 Day High77.21
10 Day Low71.89
20 Day High77.22
20 Day Low71.65
52 Week High110.45
52 Week Low67.32
CS1 End74.26
CR1 Start74.51
Volume & EV
DER(3)-1.75%
DER(5)-0.81%
Volume135.30K
Volume Incr2.3%
Vol(5)133.34K
Vol(50)145.22K