TENAYA THERAPEUTICS INC (TNYA) Technical Analysis
NASDAQ:TNYA • US87990A1060
We assign a technical rating of 6 out of 10 to TNYA. In the past year, TNYA was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
- TNYA is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so TNYA is lagging the market.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- In the last month TNYA has a been trading in the 0.53 - 1.03 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.
- TNYA has an average volume of 4741710 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 79% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- TNYA is an average performer in the Biotechnology industry, it outperforms 61% of 519 stocks in the same industry.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
TNYA has an average technical rating and it also 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.
More info and screens
0.55
When analyzing the support we notice one important area.
- Support @0.56 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- Resistance @0.90 from a horizontal line in the weekly time frame.
- Resistance @0.92 from a trend line in the daily time frame.
- Resistance @0.96 from a horizontal line in the daily time frame.
- Resistance @1.36 from a trend line in the weekly 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 TNYA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TNYA is up. |
| ChartMill Relative Strength | 79.45 | POSITIVE | TNYA has a high relative strength, it outperformed 79.45% 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 | MIXED | The current price of TNYA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.74 | NEUTRAL | The RSI value for TNYA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests TNYA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 69.65 | NEUTRAL | The Stochastics value for TNYA is a neutral value. |
| Average True Range in percent/ATR (20) | 9.61 | HIGH VOLATILITY | The high ATR as a percentage value for TNYA suggests high volalility. |
| Average Directional Index/ADX (14) | 31.49 | POSITIVE | The high ADX value value for TNYA suggests a strong trend. |
TNYA Technicals: Chart, Performance Metrics, Trend & Indicators
0.8929
+0.03 (+3.98%)
TENAYA THERAPEUTICS INC / TNYA FAQ
Can you provide the ChartMill technical rating for TENAYA THERAPEUTICS INC?
ChartMill assigns a technical rating of 6 / 10 to TNYA.
Can you provide the trend direction for TENAYA THERAPEUTICS INC?
The current trend direction for TENAYA THERAPEUTICS INC (TNYA) is Bearish.
What is the RSI signal for TENAYA THERAPEUTICS INC (TNYA) stock?
TENAYA THERAPEUTICS INC (TNYA) has an RSI value of 61.7416. This indicates that the stock is currently neutral.
What is the support and resistance level for TNYA stock?
TENAYA THERAPEUTICS INC (TNYA) has a support level at 0.56 and a resistance level at 0.9. Check the full technical report for our detailed analysis of TNYA support and resistance levels.