TENON MEDICAL INC-28 (TNONW) Stock Technical Analysis
NASDAQ:TNONW -
Taking everything into account, TNONW scores 0 out of 10 in our technical rating. TNONW scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
TNONW 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 0.02. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 0.02, a Stop Loss order could be placed below this zone.
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0.02
When analyzing the support we notice one important area.
- A support zone ranging from 0.02 to 0.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 0.02 to 0.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.03 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 TNONW is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TNONW is neutral. |
| ChartMill Relative Strength | 5.88 | NEGATIVE | TNONW has a low relative strength, it was outperformed by 94.12% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TNONW is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TNONW is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TNONW is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.59 | NEUTRAL | The RSI value for TNONW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests TNONW has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 17.27 | OVERSOLD | The low Stochastics value suggests TNONW may be oversold. |
| Average True Range in percent/ATR (20) | 20.5 | HIGH VOLATILITY | The high ATR as a percentage value for TNONW suggests high volalility. |
| Average Directional Index/ADX (14) | 18.94 | NEGATIVE | The low ADX value for TNONW suggests a weak or negative trend. |
NASDAQ:TNONW (8/22/2025, 8:00:02 PM)
0.019
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