TENON MEDICAL INC-28 (TNONW) Stock Technical Analysis
NASDAQ:TNONW - Nasdaq - - Currency: USD
Overall TNONW gets a technical rating of 0 out of 10. 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. Prices have been consolidating lately and the volatility has been reduced. 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. 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.
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When analyzing the support we can see 2 important areas.
- A support zone ranging from 0.02 to 0.02. This zone is formed by a combination of multiple trend lines and important moving averages in the daily 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 | 6.73 | NEGATIVE | TNONW has a low relative strength, it was outperformed by 93.27% 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) | 49.53 | 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) | 48.89 | NEUTRAL | The Stochastics value for TNONW is a neutral value. |
| Average True Range in percent/ATR (20) | 17.62 | HIGH VOLATILITY | The high ATR as a percentage value for TNONW suggests high volalility. |
| Average Directional Index/ADX (14) | 10.66 | NEGATIVE | The low ADX value for TNONW suggests a weak or negative trend. |
NASDAQ:TNONW (6/20/2025, 8:00:49 PM)
0.0195
+0 (+1.56%)