TNXP Technical Analysis - TONIX PHARMACEUTICALS HOLDIN

Technical Rating and Analysis

Taking everything into account, TNXP scores 3 out of 10 in our technical rating. Although TNXP is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

TNXP is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month TNXP has a been trading in the 23.60 - 31.55 range, which is quite wide. It is currently trading near the lows of this range.

Looking at the yearly performance, TNXP did better than 81% of all other stocks.

TNXP has an average volume of 1609500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

TNXP is part of the Biotechnology industry. There are 536 other stocks in this industry, TNXP did better than 66% of them.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

TONIX PHARMACEUTICALS HOLDIN / TNXP Weekly stock chart

TONIX PHARMACEUTICALS HOLDIN / TNXP Daily stock chart

Setup Rating and Analysis

TNXP 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 support zone below the current price at 24.15, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

23.76

24.59

When analyzing the support we notice one important area.

A support zone ranging from 24.00 to 24.15. This zone is formed by a combination of multiple trend lines in multiple time frames.

We found 1 important resistance area.

A resistance zone ranging from 24.17 to 24.35. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

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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	DOWN	NEGATIVE	The short term trend for TNXP is down.
ChartMill Relative Strength	81.9	POSITIVE	TNXP has a high relative strength, it outperformed 81.9% 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)	UP	MIXED	The current price of TNXP is below the rising SMA(200).
Relative Strength Index/RSI (14)	36.33	NEUTRAL	The RSI value for TNXP is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.25	POSITIVE	The MACD value suggests TNXP has a positive trend.
Stochastics (14,3)	9.77	OVERSOLD	The low Stochastics value suggests TNXP may be oversold.
Average True Range in percent/ATR (20)	8.36	HIGH VOLATILITY	The high ATR as a percentage value for TNXP suggests high volalility.
Average Directional Index/ADX (14)	15.93	NEGATIVE	The low ADX value for TNXP suggests a weak or negative trend.