TENON MEDICAL INC (TNON) Technical Analysis
NASDAQ:TNON • US88066N3035
Current stock price
TNON Technical Rating and Analysis
Taking everything into account, TNON scores 2 out of 10 in our technical rating. In the past year, TNON was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- When comparing the yearly performance of all stocks, TNON is a bad performer in the overall market: 88% of all stocks are doing better.
- TNON is one of the lesser performing stocks in the Health Care Equipment & Supplies industry. 60% of 188 stocks in the same industry do better.
- TNON is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- TNON has an average volume of 1252760 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
- In the last month TNON has a been trading in the 0.67 - 0.88 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
TNON Weekly and Daily overview Charts
TNON Setup Rating and Analysis
The technical rating of TNON is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
TNON Support and Resistance Analysis
0.66
When analyzing the support we can see 4 important areas.
- Support @0.81 from a trend line in the daily time frame.
- A support zone ranging from 0.76 to 0.78. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 0.70 to 0.71. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @0.67 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @0.88 from a horizontal line in the daily time frame.
- Resistance @0.93 from a trend line in the daily time frame.
- Resistance @1.14 from a horizontal line in the daily time frame.
TNON 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 | DOWN | NEGATIVE | The long term trend for TNON is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TNON is up. |
| ChartMill Relative Strength | 12.56 | NEGATIVE | TNON has a low relative strength, it was outperformed by 87.44% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of TNON is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TNON is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TNON is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.87 | NEUTRAL | The RSI value for TNON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests TNON has a positive trend. |
| Stochastics (14,3) | 75.87 | NEUTRAL | The Stochastics value for TNON is a neutral value. |
| Average True Range in percent/ATR (20) | 5.88 | HIGH VOLATILITY | The high ATR as a percentage value for TNON suggests high volalility. |
| Average Directional Index/ADX (14) | 14.92 | NEGATIVE | The low ADX value for TNON suggests a weak or negative trend. |
TNON Chart- and CandleStick Pattern Analysis
TNON Technicals: Chart, Performance Metrics, Trend & Indicators
0.8186
+0.01 (+1.24%)
TENON MEDICAL INC / TNON TA FAQ
What is the technical rating for TNON stock?
ChartMill assigns a technical rating of 2 / 10 to TNON.
Can you provide the trend direction for TENON MEDICAL INC?
The current trend direction for TENON MEDICAL INC (TNON) is Bearish.
What is the RSI signal for TNON stock?
TENON MEDICAL INC (TNON) has an RSI value of 56.8671. This indicates that the stock is currently neutral.
Can you provide the MACD signal for TENON MEDICAL INC?
The MACD indicator for TENON MEDICAL INC (TNON) has a value of 0.0126844, indicating a bearish trend.
What is the support and resistance level for TNON stock?
TENON MEDICAL INC (TNON) has a support level at 0.81 and a resistance level at 0.88. Check the full technical report for our detailed analysis of TNON support and resistance levels.