NASDAQ:TNON - Nasdaq - US88066N3035 - Common Stock - Currency: USD
Taking everything into account, TNON scores 2 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. TNON was also a bad performer in the overall market in the last year.
Although the technical rating is bad, TNON does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. Another positive sign is the recent Pocket Pivot signal.
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2 important support areas can be observed.
When analyzing the resistance we notice one important area.
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 | 3.5 | NEGATIVE | TNON has a low relative strength, it was outperformed by 96.5% off all stocks on the market. |
Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TNON is above the rising SMA(20). |
Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of TNON is above a declining 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) | 57.31 | 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, although the MACD value is declining. |
Stochastics (14,3) | 75.66 | NEUTRAL | The Stochastics value for TNON is a neutral value. |
Average True Range in percent/ATR (20) | 6.2 | HIGH VOLATILITY | The high ATR as a percentage value for TNON suggests high volalility. |
Average Directional Index/ADX (14) | 26.23 | POSITIVE | The high ADX value value for TNON suggests a strong trend. |
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-0.01 (-0.9%)