TONIX PHARMACEUTICALS HOLDIN (TNXP) Technical Analysis
NASDAQ:TNXP • US8902608392
Current stock price
TNXP Technical Rating and Analysis
Overall TNXP gets a technical rating of 1 out of 10. TNXP'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.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- 85% of all other stocks performed better in the past year than TNXP.
- TNXP is part of the Biotechnology industry. There are 517 other stocks in this industry, of which 65% are performing better than TNXP.
- TNXP is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so TNXP is lagging the market.
- In the last month TNXP has a been trading in the 13.07 - 17.00 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
TNXP Weekly and Daily overview Charts
TNXP Setup Rating and Analysis
TNXP has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
TNXP Support and Resistance Analysis
13.10
When analyzing the support we notice one important area.
- A support zone ranging from 13.23 to 13.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 15.55 to 15.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @16.81 from a trend line in the weekly time frame.
- Resistance @17.84 from a trend line in the daily time frame.
TNXP Technical Indicator Signal Analysis
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 TNXP is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TNXP is neutral. |
| ChartMill Relative Strength | 15.31 | NEGATIVE | TNXP has a low relative strength, it was outperformed by 84.69% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TNXP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TNXP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TNXP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.4 | NEUTRAL | The RSI value for TNXP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.26 | POSITIVE | The MACD value suggests TNXP has a positive trend. |
| Stochastics (14,3) | 63.9 | NEUTRAL | The Stochastics value for TNXP is a neutral value. |
| Average True Range in percent/ATR (20) | 5.93 | HIGH VOLATILITY | The high ATR as a percentage value for TNXP suggests high volalility. |
| Average Directional Index/ADX (14) | 24.6 | NEUTRAL | The ADX value for TNXP suggests a possible start of a new trend. |
TNXP Chart- and CandleStick Pattern Analysis
TNXP Technicals: Chart, Performance Metrics, Trend & Indicators
15
-0.77 (-4.88%)
TONIX PHARMACEUTICALS HOLDIN / TNXP TA FAQ
What is the technical rating for TNXP stock?
ChartMill assigns a technical rating of 1 / 10 to TNXP.
What is the current trend direction of TONIX PHARMACEUTICALS HOLDIN (TNXP) stock?
The current trend direction for TONIX PHARMACEUTICALS HOLDIN (TNXP) is Bearish.
What is the RSI signal for TONIX PHARMACEUTICALS HOLDIN (TNXP) stock?
TONIX PHARMACEUTICALS HOLDIN (TNXP) has an RSI value of 52.399. This indicates that the stock is currently neutral.
What is the support and resistance level for TNXP stock?
TONIX PHARMACEUTICALS HOLDIN (TNXP) has a support level at 13.23 and a resistance level at 15.55. Check the full technical report for our detailed analysis of TNXP support and resistance levels.