Overall TNON gets a technical rating of 1 out of 10. 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.
TNON has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 1.14. Right above this resistance zone may be a good entry point.
More info and screens
1.00
We found 4 important support areas.
- Support @1.09 from a horizontal line in the weekly time frame.
- Support @1.07 from a trend line in the daily time frame.
- Support @1.03 from a horizontal line in the daily time frame.
- Support @1.01 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 1.14 to 1.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.20 from a trend line in the daily time frame.
- Resistance @1.24 from a horizontal line in the weekly time frame.
- Resistance @1.26 from a horizontal line 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 | 12.22 | NEGATIVE | TNON has a low relative strength, it was outperformed by 87.78% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of TNON is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TNON is below 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) | 46.92 | NEUTRAL | The RSI value for TNON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests TNON has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 22.22 | NEUTRAL | The Stochastics value for TNON is a neutral value. |
| Average True Range in percent/ATR (20) | 4.63 | MEDIUM VOLATILITY | The ATR as a percentage value for TNON suggests some volalility. |
| Average Directional Index/ADX (14) | 11.66 | NEGATIVE | The low ADX value for TNON suggests a weak or negative trend. |
1.1
+0.03 (+2.8%)
TENON MEDICAL INC / TNON FAQ
What is the technical rating for TNON stock?
ChartMill assigns a technical rating of 1 / 10 to TNON.
What is the current trend direction of TENON MEDICAL INC (TNON) stock?
The current trend direction for TENON MEDICAL INC (TNON) is Bearish.
Can you provide the RSI signal for TENON MEDICAL INC?
TENON MEDICAL INC (TNON) has an RSI value of 46.9181. This indicates that the stock is currently neutral.
What is the buy/sell signal for TENON MEDICAL INC (TNON) stock?
The buy/sell signal for TENON MEDICAL INC (TNON) is sell as both the short term and long term trends are negative.
What is the support and resistance level for TNON stock?
TENON MEDICAL INC (TNON) has a support level at 1.09 and a resistance level at 1.14. Check the full technical report for our detailed analysis of TNON support and resistance levels.