20/4/2022 NASDAQ (TENB)Buy (Entry Price) within the buy zone area and exit (Stop Loss) below the red line. Can take profit at the suggested Target Price.
Entry Price: $61.10 / $61.83
Target Price: $62.50 / $63.10
Stop Loss: $59.70
TENB trade ideas
ER PlayOverall idea is fill the channel, create newer ath (finish EW wave c) and short from there to fill the gap. Last year ER same play.
TENB New All Time Highs*TENB made a New All Time High yesterday
*6 Month Long Base
*Want to see higher volumes on breakout now
*Bounced off perfectly from 200DMA test
*85% Institutional Ownership
$TENB Trading right below ATHs$TENB in the security software space trading just below ATHs.
I think it held up better than others that pulled back in recent days. Strong right side move.
Watching to see how it tighten up here.
TENB Stock Prediction 1Yeet. Yesssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssss
Long | TENBNASDAQ:TENB
Possible Scenario: LONG
Evidence: Price Action,
TP1: 46$, TP2: 49$.
call options, strike 50$, 10/15/2021.
*This is my idea and could be wrong 100%.
Long on TERThe ascending wedge is rapidly coming to a point. The stock shows a high probability of breaking out to the upside.
$TENB Target 52.83 for 18.99% Or next add level at 35.97$TENB Target 52.83 for 18.99%
Or next add level at 35.97
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
$TENBEntry price : 45.77
Fundamentals :
- Sector: Software - Cybersecurity
- EPS % Chg (Last Qtr): 95%
- EPS % Chg (Previous Qtr): 68%
- 3 Year EPS Growth Rate: 0%
- EPS Est % Chg (Current Yr): 58%
- Sales % Chg (Last Qtr): 22%
- Sales % Chg (Previous Qtr): 22%
- 3-Year Sales Growth Rate: 33%
- Annual Pre -Tax Margin: -10.6%
What now with $TENB ? Mid week analysis!As we can see that it is consolidating on SUPPORT at $45-$46 and trying to bounce back up. Let's see how it is gonna perform next days.
I'm still long biased on this stock.
As $TENB beat on earning Wall street estimates, it has strong fundamentals.
$TENB on BUY point?!$TENB dropped by apr. 10% on 2 February Despite the fact that their earnings topped the estimates.
Technical Analysis
We have strong SUPPORT @$46.0 per share, cause the price wanted to drop further but got rejected 3 days in raw.
Fundamental Analysis
Tenable Holdings (TENB) reported 4th Quarter December 2020 earnings of $0.13 per share on revenue of $118.1 million. The consensus earnings estimate was $0.06 per share on revenue of $114.6 million.
The company said it expects first quarter non-GAAP earnings of $0.04 to $0.06 per share on revenue of $118.0 million to $120.0 million and 2021 earnings of $0.26 to $0.30 per share on revenue of $565.0 million to $575.0 million. The current consensus estimate is earnings of $0.04 per share on revenue of $120.56 million for the quarter ending March 31, 2021 and earnings of $0.26 per share on revenue of $519.53 million for the year ending December 31, 2021.
Tenable Holdings, Inc. provides cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company enterprise software platform enables visibility into an organization's cyber exposure across the attack surface and deep insights that help organizations translate vulnerability data into business insights to understand and reduce their cybersecurity risk.
So due to the fact that the guidance came out below the estimates for Q1 2021, the share price dropped. But we do have a nice chance to Buy the shares and hold couple of days.
TENB, RSI Indicator left the overbought zone on January 19, 2021This is a signal that TENB's price could be shifting from an uptrend to a downtrend. Traders may consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked back and found 24 similar cases where TENB's RSI Indicator left the overbought zone, and in 20 of them led to a successful outcome. Odds of Success: 83%. Current price $56.27 is above $40.44 the highest resistance line found by Tickeron A.I. Throughout the month of 12/15/20 - 01/19/21, the price experienced a +39% Uptrend. During the week of 01/11/21 - 01/19/21, the stock enjoyed a +2% Uptrend growth.
Bearish Trend Analysis
The RSI Indicator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.
The Stochastic Indicator entered the overbought zone. Expect a price pull-back in the foreseeable future.
The Moving Average Convergence Divergence Histogram (MACD) for TENB turned negative on January 06, 2021. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 22 similar instances when the indicator turned negative. In 18 of the 22 cases the stock turned lower in the days that followed. This puts the odds of success at 82%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where TENB declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 73%.
TENB broke above its upper Bollinger Band on December 15, 2020. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
PAY to TENABLE HOLDINGS DailyHey people, TENABLE HOLDINGS is in a fake bearish movement with a return of past buying volume and shadow made by sellers. Looking at the TIMEFRAME M1 we see a dash with a high volume of buying executed, it goes up the range to do a retest. There is a good chance of breaking the price with the current momentum followed by a breakout of the range to break into a next one. And interfere on the top that comes (See TIMEFRAME H1) with a next high point. Before breakout of the second row more tested from the median of ANDREWS PITCHFORK.
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Tenable Holdings: Is Goldman wrong about TENBA cyber-security company offering tech expertise and SaaS platforms to assess and manage data vulnerability.
Tenable’s subsidiaries provide cloud solutions for businesses worldwide, in the education, energy, finance, healthcare, and retail sectors.
Tenable, like many small-cap tech companies, operates at a net loss. The company reported a loss of 24 cents per share in the last quarter, beating the forecast by 4 cents.
That beat highlights another feature of the company’s quarterly reports: it has beaten the estimates consistently for the last six quarters.
Revenues are growing, at the $97 million reported in Q4 represented 29% year-over-year growth.
Brian Essex, tech sector expert for Goldman Sachs, reviewed this company and was impressed enough to initiate his coverage with a Buy rating.
His $29 price target indicates a 29% upside potential, backing the bullish outlook.
In his comments, Essex says, “We believe Tenable is well-positioned to leverage its best-of-breed reputation in vulnerability assessment to gain further traction among enterprises
looking to evaluate their risk exposure and adopt a formal vulnerability assessment program.
Tenable has been growing rapidly over the past several years, is among the fastest-growing companies in our coverage universe, and remains a critical provider for continuous monitoring,
which is an important compliance-related focal point. While the company has yet to turn profitable, it has made meaningful progress, and we expect this to continue as we believe that
the company has demonstrated discipline with regard to meeting profitability targets . (Source: yahoo finance)
(Source: yahoo finance)
Disclaimer:
We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature,
and are therefore are unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing.
This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
TENBTrend start just below, hopefully brings up to around 29 at minimum. Where itll either reverse to continue downtrend to new lows, or eventually rally higher towards 40 after it works through the 34ish range.
Red line is stoploss, would set a new all time low and continuation of long term downtrend.
