USA - NASDAQ:TONX - US92337U3023 - Common Stock
We assign a technical rating of 3 out of 10 to TONX. In the last year, TONX was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
TONX has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
6.72
When analyzing the support we notice one important area.
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 | UP | POSITIVE | The short term trend for TONX is up. |
ChartMill Relative Strength | 0 | NEGATIVE | TONX has a low relative strength, it was outperformed by 100% off all stocks on the market. |
Relative Strength Index/RSI (14) | 20.99 | OVERSOLD | The low RSI value suggests TONX may be oversold. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.28 | NEGATIVE | The MACD value suggests TONX has a negative trend. |
Stochastics (14,3) | 22.02 | NEUTRAL | The Stochastics value for TONX is a neutral value. |
Average Directional Index/ADX (14) | 46.03 | POSITIVE | The high ADX value value for TONX suggests a strong trend. |
7.04
+0.14 (+2.03%)