TENON MEDICAL INC-28 (TNONW) Technical Analysis
NASDAQ:TNONW
We assign a technical rating of 0 out of 10 to TNONW. TNONW'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.
- 94% of all other stocks performed better in the past year than TNONW.
- TNONW 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 TNONW has a been trading in the 0.01 - 0.01 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, TNONW does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 0.01. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for TNONW in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
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When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 0.01 to 0.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.02 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 | DOWN | NEGATIVE | The long term trend for TNONW is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TNONW is down. |
| ChartMill Relative Strength | 6.86 | NEGATIVE | TNONW has a low relative strength, it was outperformed by 93.14% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of TNONW is above 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) | 49.7 | NEUTRAL | The RSI value for TNONW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests TNONW has a positive trend. |
| Stochastics (14,3) | 34.22 | NEUTRAL | The Stochastics value for TNONW is a neutral value. |
| Average True Range in percent/ATR (20) | 25 | HIGH VOLATILITY | The high ATR as a percentage value for TNONW suggests high volalility. |
| Average Directional Index/ADX (14) | 18.01 | NEGATIVE | The low ADX value for TNONW suggests a weak or negative trend. |
TNONW Technicals: Chart, Performance Metrics, Trend & Indicators
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TENON MEDICAL INC-28 / TNONW FAQ
Can you provide the ChartMill technical rating for TENON MEDICAL INC-28?
ChartMill assigns a technical rating of 0 / 10 to TNONW.
What is the current trend direction of TENON MEDICAL INC-28 (TNONW) stock?
The current trend direction for TENON MEDICAL INC-28 (TNONW) is Bearish.
What is the RSI signal for TNONW stock?
TENON MEDICAL INC-28 (TNONW) has an RSI value of 49.7018. This indicates that the stock is currently neutral.
What is the short term momentum for TNONW stock?
The short term momentum for TENON MEDICAL INC-28 (TNONW) is negative.
What are the support and resistance levels for TENON MEDICAL INC-28 (TNONW) stock?
TENON MEDICAL INC-28 (TNONW) has a resistance level at 0.01. Check the full technical report for our detailed analysis of TNONW support and resistance levels.