What is the best penny stocks to buy now
6/5/2025 11:21pm
The best penny stocks to buy now, based on your intent for short-term trading, should possess the following characteristics:
1. **Low Closing Price**
- Closing Price < $5
2. **Positive Short-term Momentum**
- Closing Price > 5-Day Moving Average
- 5-Day Moving Average > 10-Day Moving Average
- 10-Day Moving Average > 20-Day Moving Average
3. **Strong Volume Activity**
- Volume Ratio > 2
4. **Upward Price Movement**
- 1-Week Percentage Change > 10%
- 1-Month Percentage Change > 20%
Unfortunately, no stocks currently meet all of these criteria. However, we can explore the top **1** stock that meets most of these criteria, Tenon Medical (TNON), as a potential option:
|code|Ticker|Name|Date|Moving Average|market_code|
|---|---|---|---|---|---|
|TNON|TNON.O|Tenon Medical|20250605|1.0619|186|
|code|Ticker|Name|Date|RSI|KDJ|MACD|market_code|
|---|---|---|---|---|---|---|---|
|TNON|TNON.O|Tenon Medical|20250605|22.8897|5.8848|-0.0025|186|
While Tenon Medical shows potential, it is important to note that the stock is currently trading below its 20-day moving average, which could indicate a bearish trend. Additionally, the MACD is at 0, suggesting a lack of momentum. The RSI is close to the oversold threshold, indicating a potential rebound, but the KDJ is quite low, suggesting caution.
Given these technical indicators, Tenon Medical may not be the strongest candidate for a short-term buy, despite its "Strong Buy" consensus rating and positive price target. Investors should carefully consider these factors, along with fundamental analysis and market conditions, before making investment decisions.