TENON MEDICAL INC (TNON) Stock Technical Analysis
NASDAQ:TNON - Nasdaq - US88066N3035 - Common Stock - Currency: USD
Taking everything into account, TNON scores 1 out of 10 in our technical rating. TNON 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 short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
95% of all other stocks performed better in the past year than TNON.
TNON is one of the lesser performing stocks in the Health Care Equipment & Supplies industry. 79% of 189 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. The S&P500 Index is trading in the upper part of its 52 week range, so TNON is lagging the market.
TNON has an average volume of 8879450 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month TNON has a been trading in the 1.06 - 1.35 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
TNON has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 1.31. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.11, a Stop Loss order could be placed below this zone.
More info and screens
1.07
1.33
When analyzing the support we can see 2 important areas.
- A support zone ranging from 1.11 to 1.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 1.08 to 1.09. This zone is formed by a combination of multiple trend lines in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 1.31 to 1.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS5.95
Mansfield-6.34
10 Day High1.35
10 Day Low1.06
20 Day High1.35
20 Day Low1.06
52 Week High15.79
52 Week Low0.91
Performance
1 Week-5.65%
2 Weeks6.36%
1 Month4.46%
3 Month-15.83%
6 Month-53.94%
12 Month-80.32%
2 Year-98.74%
3 Year-99.55%
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.01
RSI(14)48.67
LBB1.03
UBB1.27
1.17
+0.05 (+4.46%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg4.46%
1 Week-5.65%
2 Weeks6.36%
1 Month4.46%
3 Month-15.83%
6 Month-53.94%
12 Month-80.32%
2 Year-98.74%
3 Year-99.55%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%6.25%
ATR Inc-20.6%
Range Today0.08
ADR(20)0.07
ADR(20)%5.99%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS5.95
Mansfield-6.34
10 Day High1.35
10 Day Low1.06
20 Day High1.35
20 Day Low1.06
52 Week High15.79
52 Week Low0.91
CS1 End1.11
CR1 Start1.31
Volume & EV
DER(3)2.04%
DER(5)1.82%
Volume201.04K
Volume Incr-42.89%
Vol(5)219.26K
Vol(50)8.88M