BIT:TNXT - Euronext Milan - IT0005037210 - Common Stock - Currency: EUR
Taking everything into account, TNXT scores 7 out of 10 in our technical rating. Although TNXT is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Besides having an excellent technical rating, TNXT also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 11.21, a Stop Loss order could be placed below this zone.
7.45
When analyzing the support we can see 2 important areas.
We can see 4 important resistance areas.
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 | UP | POSITIVE | The long term trend for TNXT.MI is up. |
ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TNXT.MI is up. |
ChartMill Relative Strength | 29.01 | NEGATIVE | TNXT.MI has a low relative strength, it was outperformed by 70.99% off all stocks on the market. |
Simple Moving Average/SMA (20) | UP | MIXED | The current price of TNXT.MI is below the rising SMA(20). |
Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TNXT.MI is above the rising SMA(50). |
Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of TNXT.MI is above a declining SMA(200). |
Relative Strength Index/RSI (14) | 55.27 | NEUTRAL | The RSI value for TNXT.MI is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests TNXT.MI has a negative trend. |
Stochastics (14,3) | 61.29 | NEUTRAL | The Stochastics value for TNXT.MI is a neutral value. |
Average True Range in percent/ATR (20) | 5.24 | HIGH VOLATILITY | The high ATR as a percentage value for TNXT.MI suggests high volalility. |
Average Directional Index/ADX (14) | 41.07 | POSITIVE | The high ADX value value for TNXT.MI suggests a strong trend. |
BIT:TNXT (6/5/2025, 4:27:42 PM)
11.13
-0.09 (-0.8%)