TENON MEDICAL INC-28 (TNONW) Stock Technical Analysis
NASDAQ:TNONW - Nasdaq - - Currency: USD
We assign a technical rating of 0 out of 10 to TNONW. 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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, TNONW is a bad performer in the overall market: 84% of all stocks are doing better.
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 - 0.03 range, which is quite wide. It is currently trading near the lows of this range.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, TNONW does present a nice setup opportunity. Prices have been consolidating lately.
More info and screens
0.01
0.03
We found 2 important support areas.
- Support @0.02 from a trend line in the weekly time frame.
- Support @0.01 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important 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 | DOWN | NEGATIVE | The short term trend for TNONW is down. |
| ChartMill Relative Strength | 16.24 | NEGATIVE | TNONW has a low relative strength, it was outperformed by 83.76% 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) | 47.35 | 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) | 33.67 | NEUTRAL | The Stochastics value for TNONW is a neutral value. |
| Average True Range in percent/ATR (20) | 22.35 | HIGH VOLATILITY | The high ATR as a percentage value for TNONW suggests high volalility. |
| Average Directional Index/ADX (14) | 9.21 | NEGATIVE | The low ADX value for TNONW suggests a weak or negative 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)
NASDAQ:TNONW (6/11/2025, 8:22:50 PM)
0.0194
0 (-1.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.02%
1 Week-3.96%
2 Weeks-3%
1 Month-11.82%
3 Month14.12%
6 Month8.38%
12 Month-45.2%
2 Year-75.75%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0
ATR(20)%22.35%
ATR Inc21.1%
Range Today0
ADR(20)0
ADR(20)%20.9%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.24
Mansfield-4.56
10 Day High0.03
10 Day Low0.02
20 Day High0.03
20 Day Low0.02
52 Week High0.09
52 Week Low0.01
CS1 End0.02
CR1 Start0.02
Volume & EV
DER(3)2.88%
DER(5)1.73%
Volume48.40K
Volume Incr-8.94%
Vol(5)17.88K
Vol(50)37.09K