ICON plc ($ICLR) vs Tenax Therapeutics, Inc. ($TENX)

2019-08-16 | Welcome! Today we compared how two different stocks in the Biotechnology: Commercial Physical & Biological Resarch industry are trading: ICON plc and Tenax Therapeutics, Inc.. While these two companies may have very different market capitalizations and balance sheets, they are worth comparing given how they are in the same sector. Below you’ll see how the different technical indicators differ between these two stocks, and we’ll also show what Trading View thinks of them based on the technical analysis. But before we get ahead of ourselves, please note that this is technical analysis only (ie. analyzing how these companies are trading, not digging into the company fundamentals), and therefore you should not rely only on this to guide you on whether you should buy or sell anything – take it with a grain of salt only, and pay attention to the disclaimer below. With that said, many traders find value in technical analysis and others even swear by it, so if that is you, I hope my analysis will be of use to you. Let’s get to it…

First things first: during its last day of trading, ICON plc opened at 154.33, got to a maximum price of 156.05 and dropped to as low as 152.87 before finishing the session at 155.13. In total there were 173300 shares traded, which is enough to conduct our analysis. Compare that now to Tenax Therapeutics, Inc., which opened at 1.18, had a high of 1.2, a low of 1.14, closed at 1.14 and had a total volume of 77700.

VOLUME ANALYSIS: Generally, the higher the volume indicators are, the better – you need liquidity to trade, after all. All of the volume indicators are as follows… (click here for an explanation on volume)

Volume Indicator ICON plc Tenax Therapeutics, Inc.
Accumulation-distribution index 2077.45841 99.71
on-balance volume -153.35 1.19
chaikin money flow

2.69767 5.0
force index

1.404 0.0063
ease of movement rating

-0.00389 -0.00012
volume-price trend

10.68541 -0.2241
negative volume index

1000.0 1000.0

VOLATILITY ANALYSIS: Now to compare the volatility between these two companies… (click here for an explanation on volatility)

Volatility Indicator ICON plc Tenax Therapeutics, Inc.
Average true range 1.76184 0.07073
Bolinger bands 153.84821 1.21657
Upper bollinger band 150.82179 1.10343
Lower bollinger band

152.87 1.14
Bollinger high band indicator

1.0 1.0
Bollinger high low indicator

1.0 1.0
Central keltner channel

154.41667 1.17333
High band keltner channel

152.69667 1.15333
Low band keltner channel

156.13667 1.19333
High band keltner channel indicator

1.0 1.0
Low band keltner channel indicator

1.0 1.0
Donchain channel high band

152.87 1.14
Donchain channel low band

152.87 1.14
Donchain channel high band indicator

1.0 1.0
Donchain channel low band indicator

1.0 1.0

TREND ANALYSIS: Now for the most interesting and detailed part, the trend. Where is the stock actually going? Let’s compare the indicators… (click here for an explanation on trend)

Trend Indicator ICON plc Tenax Therapeutics, Inc.
Moving Average Convergence Divergence (MACD) trend_macd 0.0009
MACD signal -0.01334 0.0005
MACD difference -0.01067 0.0004
fast Exponential Moving Average (EMA) indicator

152.87 1.14
slow Exponential Moving Average (EMA) indicator

152.87 1.14
Average Directional Movement Index (ADX)

unknown unknown
ADX positive

20.0 20.0
ADX negative

20.0 20.0
positive Vortex Indicator (VI)

1.0 1.0
negative VI

1.0 1.0
trend vortex difference

0.18453 0.15845
trix

4.24828 -13.39851
Mass Index (MI)

1.0 1.0
Commodity Channel Index (CCI)

66.66667 66.66667
Detrended Price Oscillator (DPO)

-9.91004 0.28662
KST Oscillator (KST)

69.32039 -200.90676
KST Oscillator (KST Signal)

69.32039 -200.90676
KST difference

-1.87115 7.00959
Ichimoku rating

155.19 1.19
Ichimoku B rating

155.19 1.19
Ichimoku visual trend A

147.18115 1.46824
Ichimoku visual trend B

150.84003 1.42218
Aroon Indicator (AI)

4.0 4.0
AI indicator down

4.0 4.0
AI difference

-4.0 4.0

MOMENTUM ANALYSIS: What about momentum? Let’s dive into it… (click here for an explanation on momentum)

Momentum Indicator ICON plc Tenax Therapeutics, Inc.
Relative Strength Index (RSI) 50.0 50.0
Money Flow Index (MFI) 100.0 52.30477
True Strength Index (TSI) 100.0 -100.0
ultimate oscillator

87.15924 -26.47639
stochastic oscillator

184.88372 300.0
stochastic oscillator signal

184.88372 300.0
Williams %R rating

84.88372 200.0
awesome oscillator

0.24517 0.01047

RETURNS: That’s all for technical analysis. Now let’s just list the returns for ICON plc and Tenax Therapeutics, Inc..

Daily return 6.93204 -20.09068
Daily log return -0.7024 3.44862
Cumulative return -0.69994 3.50877

So there you have it: our deep, grueling analysis comparing ICON plc and Tenax Therapeutics, Inc. together. But what does all of the above mean? Various technical indicators above are positive, while others are negative, and if we want to decide overall if the technical analysis indicates a bullish or bearish chart, we have to consider all of them together. That’s what the Trading View widget below can do, so let’s see what it says considering all these indicators. First, here’s ICON plc:

The verdict above will consider all these technical indicators and consider which are strong and weak, and then put them all together to come up with a conclusion stating whether ICLR is strong or weak. Again – this is not a reliable indication of whether ICON plc is a good investment! None of these indicators consider the company fundamentals. All of this data is based on how it trades only. Now with that out of the way, let’s compare it with Tenax Therapeutics, Inc.

So there you have it. We hope you have found this analysis useful, and if you see any errors or have any feedback, please comment below.

How can you profit off trading these 2 companies and other stocks like it? First, check out the Beat The Market Analyzer software – this is worth its weight in gold. Some other great services for earning income from trading and investing are Dividend Stocks (an outstanding resource for anyone interested in high dividend paying stocks), Microcap Millionaires (the best site online for profiting off micro-cap stocks) and Trading Code (an extremely powerful system for profiting off trading).

DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling anything based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.

Abigale Lormen

Abigale is a Masters in Business Administration by education. After completing her post-graduation, Abigale jumped the journalism bandwagon as a freelance journalist. Soon after that she landed a job of reporter and has been climbing the news industry ladder ever since to reach the post of editor at amarketreportsjournal.
Abigale Lormen

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