Tenon Medical, Inc.

Stage 4 · Declining · week 51

As of Oct 22, 2026, Tenon Medical is in Stage 4, the downtrend phase, now in week 51 (since Oct 23, 2025). It closed at $2.24, 95.0% below its 52-week high and below its 200-day average, which is falling.

Tenon Medical, Inc., a medical device company, engages in the development of implant for the treatment of severe lower back pain in the United States. More about the company

$2.24

-10.04% today

$6.0M · Micro cap

Market Neutral — Building

Pro read

Pro

Our read

Declining, below its long-term trend

Setup score

—

Momentum

Steady

Edge

—

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Stage Cycle Timeline2023-08-16 → 2026-10-22

S4 15w

S4 80w

S4 52w

2023-08-162026-10-22

S1S2S3S4Setup score (0–10, dashed line at 5)

S4 15w → S1 4w → S4 1w → S1 2w → S4 80w → S1 11w → S4 52w current

Total tracked: 166 weeks across 7 stage runs.

TNON among Medical Devices127th of 141 by relative strength

All 141 →

Stocks in Medical Devices ranked by relative strength, with stage and one-month change
#	Stock	Stage	RS	1M
1	TXG10x Genomics, Inc.	Stage 2 · wk 48	99	−7.8%
2	RCELAvita Medical, Inc.	Stage 2 · wk 13	98	+40.8%
3	BFLYButterfly Network, Inc. Class A	Stage 2 · wk 26	98	−26.0%
4	HAEHaemonetics Corporation	Stage 2 · wk 17	96	+8.7%
5	GKOSGlaukos Corporation	Stage 2 · wk 25	96	+15.1%
6	AXGNAxogen, Inc.	Stage 3 · wk 2	95	−15.3%
7	NEOGNeogen Corporation	Stage 2 · wk 14	95	−11.7%
8	BVSBioventus Inc. Class A	Stage 2 · wk 15	95	+10.5%
…127	TNONTenon Medical, Inc.	Stage 4 · wk 51	5	−31.5%

vs 52W High

-95.0%

$2.24 lo$45.15 hi

95.0% below 52W high, deep Stage 4 damage

In Stage 4, distance from the 52-week high reflects an ongoing decline, not a discount.

Stage Maturity

Week 51

1w13w26w

Week 51, extended decline

How long this stock has been in Stage 4 decline. The longer the downtrend, the more entrenched the selling pressure. No length of decline marks a bottom on its own.

vs 200 DMA

-87.6%

200 DMA: $18.05 · sloping down

In Stage 4, the stock is below its 200-day average, the hallmark of a downtrend. Stage analysis waits for that to reverse before buying.

Rel Volume

0.01x

vs 50-day avg

High volume on down days in Stage 4 confirms institutional selling. Low-volume bounces are typical. They lack real buyers and are easy to mistake for reversals.

Trend Health

↓

Short-term trend rolling over

Two reads of momentum. The arrow shows the direction of the short-term trend: rising (↑ or ↗), flat (→) or rolling over (↓). The ⇈ mark appears when our trend model reads the move as gaining speed on top of the longer trend. Strongest when both agree.

-31.5%

-66.3%

-92.1%

YTD

-93.4%

-94.6%

Scan Membership

Breakout Watch

Latest: 2023-03-20

A stock that keeps qualifying week after week does so because its Stage 2 structure keeps holding. Staying power in the scan says more about the trend than any single appearance.

Recent Stage Timeline

2026-10-22S4

Wk 51 · Vol 0.01x

2026-10-21S4

Wk 50 · Vol 0.01x

2026-10-20S4

Wk 50 · Vol 0.01x

2026-10-19S4

Wk 50 · Vol 0.02x

2026-10-16S4

Wk 50 · Vol 0.03x

2026-10-15S4

Wk 50 · Vol 0.02x

2026-10-14S4

Wk 49 · Vol 0.02x

2026-10-13S4

Wk 49 · Vol 0.03x

2026-10-12S4

Wk 49 · Vol 0.03x

2026-10-09S4

Wk 49 · Vol 0.02x

2026-10-08S4

Wk 49 · Vol 0.01x

2026-10-07S4

Wk 48 · Vol 0.04x

Moving averages & range

50 DMA

$4.21

200 DMA

$18.05

52W High

$45.15

52W Low

$2.24

5D Low

$2.24

Resistance levels (recent highs)

20d High

$4.09

60d High

$11.41

120d High

$28.49

250d High

$45.15

Next resistance

+82.6%

to 20d High

ROE

-551.2%

Profit margin -257.9%

Dividend Yield

0.00%

P/B -0.2

Tenon Medical: quick answers

What stage is Tenon Medical in?

As of Oct 22, 2026, Tenon Medical (TNON) is in Stage 4, the downtrend phase. It entered Stage 4 on Oct 23, 2025 and is in week 51. What the four stages mean

Is Tenon Medical in an uptrend?

No. Tenon Medical is in a Stage 4 downtrend. It trades 87.6% below its 200-day average, which is falling.

How far is Tenon Medical from its 52-week high?

Tenon Medical closed at $2.24 on Oct 22, 2026, 95.0% below its 52-week high of $45.15. Its 52-week low is $2.24.

How has Tenon Medical performed over the past year?

As of Oct 22, 2026, Tenon Medical is down 94.6% over the past year and down 93.4% so far in 2026.

Which sector and industry is Tenon Medical in?

Tenon Medical is in the Medical Devices industry, part of the Health Care sector.

About this companyHealth Care· Medical Devices

Tenon Medical, Inc., a medical device company, engages in the development of implant for the treatment of severe lower back pain in the United States. The company offers Catamaran SI-Joint Fusion System, an invasive inferior-posterior approach to the sacroiliac joint (SI Joint) using a titanium implant for treatment of the most common types of SI Joint disorders that cause lower back pain. It also provides Catamaran Fixation Device which passes through both the axial and sagittal planes of the ilium and sacrum, transfixing the SI Joint along its longitudinal axis. Tenon Medical, Inc. was incorporated in 2012 and is headquartered in Los Gatos, California.

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All analytics based on EOD data. Data as of 2026-10-22. Past data patterns are not indicative of future results. This page is a data analytics tool only.