TON STRATEGY CO (TONX) Stock Technical Analysis
USA - NASDAQ:TONX - US92337U3023 - Common Stock
Overall TONX gets a technical rating of 1 out of 10. TONX performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
The technical rating of TONX is bad and it also does not present a 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
4.27
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 4.32 to 4.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 TONX is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TONX is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | TONX has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TONX is below a declining SMA(20). |
| Relative Strength Index/RSI (14) | 33.61 | NEUTRAL | The RSI value for TONX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests TONX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 46.15 | NEUTRAL | The Stochastics value for TONX is a neutral value. |
| Average True Range in percent/ATR (20) | 10.5 | HIGH VOLATILITY | The high ATR as a percentage value for TONX suggests high volalility. |
| Average Directional Index/ADX (14) | 53.35 | POSITIVE | The high ADX value value for TONX suggests a strong trend. |
4.31
+0.11 (+2.62%)
TON STRATEGY CO / TONX FAQ
Can you provide the ChartMill technical rating for TON STRATEGY CO?
ChartMill assigns a technical rating of 1 / 10 to TONX.
What is the trend direction for TONX stock?
The current trend direction for TON STRATEGY CO (TONX) is Bullish.
What is the RSI signal for TONX stock?
TON STRATEGY CO (TONX) has an RSI value of 33.6052. This indicates that the stock is currently neutral.
What is the MACD signal for TONX stock?
The MACD indicator for TON STRATEGY CO (TONX) has a value of -0.0212727, indicating a bearish trend.
What are the support and resistance levels for TON STRATEGY CO (TONX) stock?
TON STRATEGY CO (TONX) has a resistance level at 4.32. Check the full technical report for our detailed analysis of TONX support and resistance levels.