Latest signal: November 09, 2023

TNONW Stock Analysis

Name: TNONW Trading Alert Analysis
Creator: FILTRIX

Data source: Trade-Ideas Alerts | 1 alerts analyzed | Backtest period: 2023-11-09 → 2023-11-09

⚠️ Small sample size (1 alerts). Statistics may have high variance. Interpret with caution.

🏢 Company Profile

Tenon Medical, Inc. Warrant SURGICAL & MEDICAL INSTRUMENTS & APPARATUS (SIC 3841)

📍 NASDAQ 📅 IPO: Jun 15, 2023 🔗 www.tenonmed.com

👥 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.

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Total Alerts

🎯

Win Rate (5MIN)

💰

+0.00%

Avg Gain (5MIN)

🚀

+10.00%

Avg MFE (Max Potential)

📈 Performance by Timeframe

15MIN

Win Rate: 0.0%

Avg Gain: +0.00%

Avg Winner: +0.00%

Avg Loser: +0.00%

Best: +0.00%

Worst: +0.00%

Trades: 0/0

EOD (End of Day)

Win Rate: 0.0%

Avg Gain: -20.00%

Avg Winner: +0.00%

Avg Loser: -20.00%

Best: -20.00%

Worst: -20.00%

Trades: 0/1

🚀 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: +10.00%

Best MFE: +10.00%

Avg Time to MFE: 12 min

On average, TNONW alerts reach +10.00% profit potential within 12 minutes.

📉 MAE (Max Drawdown Risk)

Average MAE: +0.00%

Worst MAE: +0.00%

Avg Time to MAE: 12 min

Before reaching MFE, expect an average drawdown of 0.00%.

💡 Trading Insight: Based on 1 alerts, TNONW typically reaches +10.00% profit before pulling back. Consider setting profit targets around 8.0% to capture most of the move.

🏭 Sector Comparison: SURGICAL & MEDICAL INSTRUMENTS & APPARATUS

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

5-Min Gain

TNONW: +0.00% Sector: -0.34% +0.34%

EOD Gain

TNONW: +0.00% Sector: +38960.46% -38960.46%

Avg MFE

TNONW: +0.00% Sector: +8.67% -8.67%

📋 Last 20 Alerts

Historical TNONW 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
2023-11-09	09:28:00	$0.1	-	-	-	-	-20.00%	+10.00%	-	-	-

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

⚠️ TNONW Shows Negative Expectancy

With 0.0% win rate and +0.00% average gain, TNONW alerts have historically faded. Use the app to find specific filters that might reverse this pattern, or consider TNONW for short-selling strategies.

📉 Turn Negative Expectancy Positive →

Why Analyze TNONW with FILTRIX?

🛡️ Realistic Entry Simulation

We don't inflate stats. Our analysis tracks only the first alert of the day for TNONW. 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, TNONW historically offers an average upside of +10.00% intraday. Our data helps you distinguish between a quick scalp and a runner.

📊 TNONW Momentum Personality

With a baseline win rate of 0.0%, TNONW shows choppy price action, requiring strict filters or quick profit-taking.

⏱️ Optimized Exit Timing

⚠️ Caution Advised: TNONW shows negative expectancy across all tested intraday timeframes (Best: 5MIN at +0.00%). This suggests TNONW is prone to fading after the open, making it a potential candidate for short-selling or quick scalps only.