TENON MEDICAL INC (TNON) Stock Technical Analysis
NASDAQ:TNON - Nasdaq - US88066N3035 - Common Stock - Currency: USD
Overall TNON gets a technical rating of 6 out of 10. TNON has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
69% of all other stocks performed better in the past year 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.
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.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
TNON has an average volume of 5538470 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
TNON is an average performer in the Health Care Equipment & Supplies industry, it outperforms 58% of 187 stocks in the same industry.
In the last month TNON has a been trading in the 0.97 - 2.48 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
TNON has an average technical rating and it also does not offer a high 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
1.05
2.08
When analyzing the support we notice one important area.
- Support @1.06 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @2.06 from a trend line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for TNON is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TNON is up. |
| ChartMill Relative Strength | 31.04 | NEUTRAL | TNON is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of TNON is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of TNON is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 77.13 | OVERBOUGHT | The high RSI value suggests TNON may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests TNON has a positive trend. |
| Stochastics (14,3) | 35.53 | NEUTRAL | The Stochastics value for TNON is a neutral value. |
| Average True Range in percent/ATR (20) | 10.95 | HIGH VOLATILITY | The high ATR as a percentage value for TNON suggests high volalility. |
| Average Directional Index/ADX (14) | 49.66 | 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)
1.67
+0.2 (+13.61%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg13.61%
1 Week19.29%
2 Weeks65.35%
1 Month63.73%
3 Month50.45%
6 Month14.38%
12 Month-52.13%
2 Year-92.68%
3 Year-98.96%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.23
ATR(20)%10.95%
ATR Inc-0.43%
Range Today0.27
ADR(20)0.17
ADR(20)%10.32%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS31.04
Mansfield-2.95
10 Day High2.48
10 Day Low0.97
20 Day High2.48
20 Day Low0.97
52 Week High15.79
52 Week Low0.85
CS1 End1.06
CR1 Start2.06
Volume & EV
DER(3)4.72%
DER(5)2.22%
Volume3.43M
Volume Incr-87.48%
Vol(5)1.65M
Vol(50)5.54M