TENNANT CO (TNC) Technical Analysis
NYSE:TNC • US8803451033
Current stock price
TNC Technical Rating and Analysis
Taking everything into account, TNC scores 6 out of 10 in our technical rating. In the last year, TNC was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- In the last month TNC has a been trading in the 61.79 - 79.46 range, which is quite wide. It is currently trading near the high of this range.
- When compared to the yearly performance of all other stocks, TNC outperforms 50% of them, which is more or less in line with the market.
- TNC is part of the Machinery industry. There are 131 other stocks in this industry, TNC did better than 46% of them.
- 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.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
TNC Weekly and Daily overview Charts
TNC Setup Rating and Analysis
TNC has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
TNC Support and Resistance Analysis
65.21
We found 1 important support area.
- Support @65.87 from a trend line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @80.89 from a trend line in the weekly time frame.
- A resistance zone ranging from 83.37 to 83.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 85.34 to 85.34. This zone is formed by a combination of multiple trend lines in the daily time frame.
TNC Technical Indicator Signal Analysis
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 | UP | POSITIVE | The short term trend for TNC is up. |
| ChartMill Relative Strength | 50.1 | 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) | UP | POSITIVE | The current price of TNC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 74.75 | OVERBOUGHT | The high RSI value suggests TNC may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.65 | POSITIVE | The MACD value suggests TNC has a positive trend. |
| Stochastics (14,3) | 98.86 | OVERBOUGHT | The high Stochastics value suggests TNC may be overbought. |
| Average True Range in percent/ATR (20) | 3.01 | MEDIUM VOLATILITY | The ATR as a percentage value for TNC suggests some volalility. |
| Average Directional Index/ADX (14) | 25.88 | POSITIVE | The high ADX value value for TNC suggests a strong trend. |
TNC Chart- and CandleStick Pattern Analysis
TNC Technicals: Chart, Performance Metrics, Trend & Indicators
79.4
+1.9 (+2.45%)
TENNANT CO / TNC TA FAQ
What is the ChartMill technical rating of TENNANT CO (TNC) stock?
ChartMill assigns a technical rating of 6 / 10 to TNC.
Can you provide the trend direction for TENNANT CO?
The current trend direction for TENNANT CO (TNC) is Bearish.
Can you provide the RSI signal for TENNANT CO?
TENNANT CO (TNC) has an RSI value of 74.7481. This indicates that the stock is currently overbought.
What is the MACD signal for TNC stock?
The MACD indicator for TENNANT CO (TNC) has a value of 1.64964, indicating a bullish trend.
Can you provide the support and resistance levels for TENNANT CO?
TENNANT CO (TNC) has a support level at 65.87 and a resistance level at 80.89. Check the full technical report for our detailed analysis of TNC support and resistance levels.