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TNON Stock Analysis

Data source: Trade-Ideas Alerts | 35 alerts analyzed | Backtest period: 2022-05-13 → 2024-10-31

⚠️ Small sample size (35 alerts). Statistics may have high variance. Interpret with caution.

🏢 Company Profile

📍 NASDAQ 📅 IPO: Apr 27, 2022 🔗 www.tenonmed.com
💰 Market Cap: $10.6M 👥 Employees: 27
Tenon Medical Inc is a medical device company that has developed a novel, minimally invasive approach to the sacroiliac joint (the SI Joint) using a single, robust, titanium implant for the treatment of the common types of SI Joint disorders that cause lower back pain. The Company is focused on three commercial opportunities; Primary SI Joint procedures, Revision procedures of failed SI Joint implants, and SI Joint fusion adjunct to a spine fusion construct. The company derives the majority of its revenue from sales of The Catamaran System to a limited number of clinicians.
📊
35
Total Alerts
🎯
62.9%
Win Rate (EOD)
💰
+1652.49%
Avg Gain (EOD)
🚀
+14.71%
Avg MFE (Max Potential)

📈 Performance by Timeframe

5MIN

Win Rate: 28.6%
Avg Gain: -1.99%
Avg Winner: +2.52%
Avg Loser: -3.80%
Best: +8.29%
Worst: -10.72%
Trades: 10/25

15MIN

Win Rate: 28.6%
Avg Gain: -1.96%
Avg Winner: +5.97%
Avg Loser: -5.13%
Best: +19.20%
Worst: -13.12%
Trades: 10/25

30MIN

Win Rate: 37.1%
Avg Gain: -2.27%
Avg Winner: +4.86%
Avg Loser: -6.49%
Best: +10.32%
Worst: -15.62%
Trades: 13/22

60MIN

Win Rate: 32.4%
Avg Gain: -2.87%
Avg Winner: +7.89%
Avg Loser: -8.02%
Best: +20.00%
Worst: -19.51%
Trades: 11/23

EOD (End of Day)

Win Rate: 62.9%
Avg Gain: +1652.49%
Avg Winner: +2636.49%
Avg Loser: -12.73%
Best: +10800.00%
Worst: -39.64%
Trades: 22/13

🚀 Max Favorable / Adverse Excursion (MFE/MAE)

Institutional-grade metrics showing the maximum profit potential and risk for each alert.

📈 MFE (Max Profit Potential)

Average MFE: +14.71%
Best MFE: +99.20%
Avg Time to MFE: 111 min

On average, TNON alerts reach +14.71% profit potential within 111 minutes.

📉 MAE (Max Drawdown Risk)

Average MAE: -5.35%
Worst MAE: -26.25%
Avg Time to MAE: 14 min

Before reaching MFE, expect an average drawdown of 5.35%.

⚖️ Risk/Reward Ratio

2.75:1

Excellent risk/reward - potential gain is 2.75x the typical drawdown.

💡 Trading Insight: Based on 35 alerts, TNON typically reaches +14.71% profit before pulling back. Consider setting profit targets around 11.8% to capture most of the move.

🌅 Premarket Gap Analysis (9:25 → 9:30)

Total Gaps Analyzed 35
Gap Up % 28.6%
Avg Gap -0.50%
Best Gap +4.58%

🏭 Sector Comparison: SURGICAL & MEDICAL INSTRUMENTS & APPARATUS

How TNON compares to 88 other tickers in the same sector.

5-Min Gain
TNON: -1.98% Sector: -0.34% -1.64%
EOD Gain
TNON: +1473.37% Sector: +38960.46% -37487.09%
Avg MFE
TNON: +15.16% Sector: +8.67% +6.49%

📋 Last 20 Alerts

Historical TNON alerts with performance metrics calculated from 1-minute price data. Each row shows the actual price movement at different timeframes after the alert.

Date Time Price 5min 15min 30min 60min EOD MFE MAE Gap Result
2024-10-31 09:29:30 $3.86 +1.04% -2.59% -2.07% -2.59% +1.81% +6.74% -1.04% - WIN
2024-10-21 09:27:51 $3.84 -0.52% -1.01% +0.52% +1.30% +7.29% +10.68% -2.60% +2.60% LOSS
2024-10-18 09:29:23 $4.55 -10.72% -9.63% -11.43% -12.75% -9.01% +0.44% -7.25% -1.10% LOSS
2024-09-26 09:27:49 $4.91 +1.16% -0.20% -4.68% -4.89% -0.41% +3.26% -6.31% -1.83% WIN
2024-09-25 09:28:36 $4.83 +0.62% -4.64% +9.42% +15.94% +11.59% +23.19% -5.80% +0.21% WIN
2024-09-23 09:29:28 $4.97 -1.15% -5.43% -6.24% -7.37% -5.63% +0.60% -2.21% -1.01% LOSS
2024-09-20 09:29:05 $6.77 -2.88% +0.36% -3.25% -10.12% -19.20% +10.93% -8.42% +0.30% LOSS
2024-09-19 09:27:36 $5.75 -6.35% -6.43% -11.13% -14.78% -12.52% - -1.39% -3.30% LOSS
2024-09-18 09:27:12 $5.45 -2.94% -2.65% -3.03% -6.42% -3.67% +5.50% -6.05% -0.73% LOSS
2024-09-12 09:25:14 $7.29 +0.14% +19.20% +4.44% +3.04% -39.64% +31.96% -5.21% -1.23% WIN
2023-11-09 09:29:00 $3.45 -5.51% -11.59% -5.80% -8.55% -13.33% +1.74% -3.48% -0.29% LOSS
2023-11-08 09:29:00 $2.51 -2.39% +2.31% +10.32% +15.14% +1031.47% +87.25% -5.98% -1.20% LOSS
2023-11-07 09:28:00 $1.81 +8.29% +7.73% +8.22% +18.23% +30.94% +53.04% -0.55% - WIN
2023-11-06 09:26:00 $1.25 -2.40% -1.60% +2.40% +20.00% +60.00% +99.20% -7.20% -0.80% LOSS
2023-11-03 09:29:00 $1.43 -5.60% -7.61% -9.09% -19.51% +610.49% +3.50% -6.29% - LOSS
2023-10-19 09:27:00 $0.15 -2.62% -4.85% -4.92% - +7742.62% -0.33% -4.92% -2.49% LOSS
2023-10-13 09:29:00 $0.17 -5.48% -7.73% -6.06% -3.69% +7466.32% -3.17% -9.57% -3.69% LOSS
2023-09-22 09:26:00 $0.16 -0.69% -1.45% -3.27% -3.65% +7894.97% +0.57% -0.69% +0.57% LOSS
2023-09-19 09:27:00 $0.17 +0.64% +0.58% +2.62% +2.62% +2.38% +4.65% - +1.51% WIN
2023-09-18 09:26:00 $0.17 +6.88% +1.27% +4.11% +1.39% +4.11% +6.88% +3.53% +3.53% WIN

Table Metrics Explained:

  • 5min/15min/30min/60min/EOD: Price change at each timeframe (calculated from real minute-by-minute data)
  • MFE: Maximum Favorable Excursion - highest profit potential reached during the day
  • MAE: Maximum Adverse Excursion - worst drawdown experienced before reaching MFE
  • Gap: Premarket price gap from 9:25 AM to 9:30 AM market open
  • Result: WIN if 5min change > 0%, LOSS otherwise

🚀 Beat the 62.9% Baseline on TNON

The 62.9% win rate is just the raw starting point. Launch the app to apply filters (Volume, RSI, Time) and see if you can push TNON's performance to 75%+.

Optimize TNON Strategy →

Why Analyze TNON with FILTRIX?

🛡️ Realistic Entry Simulation

We don't inflate stats. Our analysis tracks only the first alert of the day for TNON. This simulates a true "Gap & Go" entry at pre-market hours (9:25-9:30 AM), avoiding the trap of chasing a stock that has already extended.

💰 Max Potential (MFE) Analysis

How much is left in the move? On winning days, TNON historically offers an average upside of +14.71% intraday. Our data helps you distinguish between a quick scalp and a runner.

📊 TNON Momentum Personality

With a baseline win rate of 62.9%, TNON shows strong follow-through, making it a prime candidate for momentum strategies.

⏱️ Optimized Exit Timing

Don't guess when to sell. Our backtests show TNON performs best on the EOD (End of Day) timeframe (Avg Gain: +1652.49%), signaling that gains often fade later in the session.