TONIX PHARMACEUTICALS HOLDIN (TNXP) Stock Technical Analysis
USA - NASDAQ:TNXP - US8902608392 - Common Stock
We assign a technical rating of 0 out of 10 to TNXP. TNXP scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
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.
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18.39
When analyzing the support we notice one important area.
- A support zone ranging from 18.58 to 18.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @19.84 from a horizontal line in the daily time frame.
- Resistance @46.01 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 TNXP is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TNXP is down. |
| ChartMill Relative Strength | 11.23 | NEGATIVE | TNXP has a low relative strength, it was outperformed by 88.77% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TNXP is below a declining 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) | 34.97 | NEUTRAL | The RSI value for TNXP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests TNXP has a positive trend. |
| Stochastics (14,3) | 12.34 | OVERSOLD | The low Stochastics value suggests TNXP may be oversold. |
| Average True Range in percent/ATR (20) | 6.94 | HIGH VOLATILITY | The high ATR as a percentage value for TNXP suggests high volalility. |
| Average Directional Index/ADX (14) | 29.92 | POSITIVE | The high ADX value value for TNXP suggests a strong trend. |
19.49
+0.91 (+4.9%)
TONIX PHARMACEUTICALS HOLDIN / TNXP FAQ
What is the technical rating for TNXP stock?
ChartMill assigns a technical rating of 0 / 10 to TNXP.
Can you provide the trend direction for TONIX PHARMACEUTICALS HOLDIN?
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 34.9714. This indicates that the stock is currently neutral.
What is the buy/sell signal for TONIX PHARMACEUTICALS HOLDIN (TNXP) stock?
The buy/sell signal for TONIX PHARMACEUTICALS HOLDIN (TNXP) is sell as both the short term and long term trends are negative.
What are the support and resistance levels for TONIX PHARMACEUTICALS HOLDIN (TNXP) stock?
TONIX PHARMACEUTICALS HOLDIN (TNXP) has a support level at 18.62 and a resistance level at 19.84. Check the full technical report for our detailed analysis of TNXP support and resistance levels.