TONIX PHARMACEUTICALS HOLDIN (TNXP) Stock Technical Analysis
NASDAQ:TNXP - Nasdaq - US8902608392 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to TNXP. TNXP has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
Looking at the yearly performance, TNXP did better than 95% of all other stocks.
TNXP is part of the Biotechnology industry. There are 550 other stocks in this industry. TNXP outperforms 89% of them.
In the last month TNXP has a been trading in the 35.66 - 69.97 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.
TNXP has an average volume of 1166450 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
TNXP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TNXP is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although TNXP has an excellent technical rating, it does not present a decent entry opportunity 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
39.07
60.18
We found 2 important support areas.
- A support zone ranging from 40.96 to 41.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @39.46 from a trend 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 | NEUTRAL | NEUTRAL | The long term trend for TNXP is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TNXP is up. |
| ChartMill Relative Strength | 95.02 | POSITIVE | TNXP has a high relative strength, it outperformed 95.02% 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) | UP | POSITIVE | The current price of TNXP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TNXP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.4 | NEUTRAL | The RSI value for TNXP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.54 | POSITIVE | The MACD value suggests TNXP has a positive trend. |
| Stochastics (14,3) | 85.17 | OVERBOUGHT | The high Stochastics value suggests TNXP may be overbought. |
| Average True Range in percent/ATR (20) | 8.94 | HIGH VOLATILITY | The high ATR as a percentage value for TNXP suggests high volalility. |
| Average Directional Index/ADX (14) | 37.25 | POSITIVE | The high ADX value value for TNXP suggests a strong 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)
59.58
-1.99 (-3.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-3.23%
1 Week26.98%
2 Weeks58.12%
1 Month26.26%
3 Month112.79%
6 Month398.58%
12 Month33.17%
2 Year-98.07%
3 Year-99.71%
5 Year-99.99%
10 Year-100%
15 YearN/A
Volatility
ATR(14)5.92
ATR(20)%8.94%
ATR Inc54.92%
Range Today10.97
ADR(20)5.24
ADR(20)%8.79%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.02
Mansfield11.42
10 Day High69.97
10 Day Low35.66
20 Day High69.97
20 Day Low35.66
52 Week High130
52 Week Low6.76
CS1 End41.31
CR1 StartN/A
Volume & EV
DER(3)-1.36%
DER(5)-1.72%
Volume2.17M
Volume Incr18.3%
Vol(5)1.84M
Vol(50)1.17M