TNYA Technical Analysis - TENAYA THERAPEUTICS INC

Technical Rating and Analysis

Taking everything into account, TNYA scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, TNYA has proven to be a steady performer, scoring decent points in every aspect analyzed.

The long and short term trends are both positive. This is looking good!

TNYA is one of the better performing stocks in the Biotechnology industry, it outperforms 85% of 536 stocks in the same industry.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

TNYA has an average volume of 4034650 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

When comparing the yearly performance of all stocks, we notice that TNYA is one of the better performing stocks in the market, outperforming 93% of all stocks. However, this overall good ranking is mostly due to the recent strong move.

TNYA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TNYA is lagging the market.

In the last month TNYA has a been trading in the 1.21 - 2.35 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

TENAYA THERAPEUTICS INC / TNYA Weekly stock chart

TENAYA THERAPEUTICS INC / TNYA Daily stock chart

Setup Rating and Analysis

Although TNYA has an excellent technical rating, it does not offer a high quality setup 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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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.41

2.13

We found 1 important support area.

A support zone ranging from 1.42 to 1.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

We found 1 important resistance area.

A resistance zone ranging from 2.11 to 2.11. 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	UP	POSITIVE	The long term trend for TNYA is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for TNYA is up.
ChartMill Relative Strength	93.4	POSITIVE	TNYA has a high relative strength, it outperformed 93.4% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of TNYA is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of TNYA is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of TNYA is above the rising SMA(200).
Relative Strength Index/RSI (14)	70.5	OVERBOUGHT	The high RSI value suggests TNYA may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.03	POSITIVE	The MACD value suggests TNYA has a positive trend, although the MACD value is declining.
Stochastics (14,3)	66.9	NEUTRAL	The Stochastics value for TNYA is a neutral value.
Average True Range in percent/ATR (20)	7.51	HIGH VOLATILITY	The high ATR as a percentage value for TNYA suggests high volalility.
Average Directional Index/ADX (14)	48.28	POSITIVE	The high ADX value value for TNYA suggests a strong trend.