TENON MEDICAL INC (TNON) Stock Technical Analysis
NASDAQ:TNON - US88066N3035 - Common Stock
1.18 USD
-0.04 (-3.28%)
1.21 USD
+0.03 (+2.54%)
We assign a technical rating of 3 out of 10 to TNON. TNON's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, TNON is a bad performer in the overall market: 92% of all stocks are doing better.
TNON is part of the Health Care Equipment & Supplies industry. There are 190 other stocks in this industry, of which 65% are performing better than TNON.
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.
In the last month TNON has a been trading in the 1.14 - 1.74 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
TNON has an average volume of 5615880 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
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
1.12
1.39
We found 1 important support area.
- Support @1.13 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 1.37 to 1.38. This zone is formed by a combination of multiple trend lines and important moving averages 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 TNON is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TNON is down. |
| ChartMill Relative Strength | 8.32 | NEGATIVE | TNON has a low relative strength, it was outperformed by 91.68% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TNON is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of TNON is below 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) | 41.05 | NEUTRAL | The RSI value for TNON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests TNON has a negative trend. |
| Stochastics (14,3) | 4.7 | OVERSOLD | The low Stochastics value suggests TNON may be oversold. |
| Average True Range in percent/ATR (20) | 10.4 | HIGH VOLATILITY | The high ATR as a percentage value for TNON suggests high volalility. |
| Average Directional Index/ADX (14) | 49.77 | POSITIVE | The high ADX value value for TNON suggests a strong 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)
1.18
-0.04 (-3.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-3.28%
1 Week-9.92%
2 Weeks-15.71%
1 Month-15.71%
3 Month18%
6 Month-9.23%
12 Month-69.9%
2 Year-90.51%
3 Year-98.87%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.1
ATR(20)%10.4%
ATR Inc-34.5%
Range Today0.08
ADR(20)0.11
ADR(20)%9.47%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.32
Mansfield-4.55
10 Day High1.57
10 Day Low1.14
20 Day High1.74
20 Day Low1.14
52 Week High15.79
52 Week Low0.85
CS1 End1.13
CR1 Start1.37
Volume & EV
DER(3)-12.7%
DER(5)-5.15%
Volume400.80K
Volume Incr-98.39%
Vol(5)221.50K
Vol(50)5.62M