Technical Analysis for TNON - Tenon Medical, Inc.

Grade Last Price % Change Price Change
F 0.80 -8.27% -0.07
TNON closed down 8.27 percent on Friday, June 9, 2023, on 2.31 times normal volume. The bears made the stock sink to a new 52-week low. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Down

Date Alert Name Type % Chg
New 52 Week Closing Low Bearish 0.00%
Calm After Storm Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
New 52 Week Low Weakness 0.00%
Wide Bands Range Expansion 0.00%
Oversold Stochastic Weakness 0.00%
Calm After Storm Range Contraction -8.27%
Inside Day Range Contraction -8.27%
Wide Bands Range Expansion -8.27%
Oversold Stochastic Weakness -8.27%

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Alert Time
Down 10% about 14 hours ago
2x Volume Pace about 15 hours ago
1.5x Volume Pace about 15 hours ago
3x Volume Pace about 15 hours ago
Down 5% about 15 hours ago

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Profile

Tenon Medical, Inc., a medical device company, develops surgical implant systems to optimize sacroiliac joint fixation/fusion surgery and corresponding outcomes. It focuses on sells The CATAMARAN SIJ Fusion System that includes instruments and implants designed to prepare and fixate the SI-Joint for fusion in the United States and Puerto Rico. The company was incorporated in 2012 and is based in Los Gatos, California.
Classification

Sector: Healthcare
Industry: Medical Devices
Keywords: Life Sciences Biology Prosthetics Implant Pelvis Sacroiliac Joint

Is TNON a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 3.45
52 Week Low 0.7871
Average Volume 40,052
200-Day Moving Average 1.82
50-Day Moving Average 1.60
20-Day Moving Average 1.29
10-Day Moving Average 1.01
Average True Range 0.15
RSI (14) 20.00
ADX 27.31
+DI 19.88
-DI 27.82
Chandelier Exit (Long, 3 ATRs) 1.56
Chandelier Exit (Short, 3 ATRs) 1.24
Upper Bollinger Bands 1.99
Lower Bollinger Band 0.60
Percent B (%b) 0.14
BandWidth 107.25
MACD Line -0.25
MACD Signal Line -0.20
MACD Histogram -0.0406
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 0.89
Resistance 3 (R3) 0.90 0.88 0.88
Resistance 2 (R2) 0.88 0.85 0.87 0.87
Resistance 1 (R1) 0.84 0.84 0.82 0.83 0.87
Pivot Point 0.81 0.81 0.81 0.81 0.81
Support 1 (S1) 0.77 0.79 0.76 0.77 0.73
Support 2 (S2) 0.75 0.77 0.75 0.73
Support 3 (S3) 0.71 0.75 0.72
Support 4 (S4) 0.71