TELA Dips, Holding Critical Support Zone

$TELA Bio, Inc.(TELA)$

Dipped -1.74%: Biotech Faces Headwinds, Testing Critical $1.14 Support Level

Latest Close Data

TELA closed at $1.13 on December 9th, down -1.74% (-$0.02), trading 63.78% below its 52-week high of $3.12. The stock showed 8.30% intraday volatility with a tight $1.10-$1.20 range.

Core Market Drivers

Biotech sector pressure continues weighing on TELA amid ongoing capital market challenges.
Net outflows of $22,400 signal institutional caution, with large orders showing $38,400 in selling pressure.
Essex Woodlands' recent 3.6M share increase to 17.62% ownership provides some institutional backing.

Technical Analysis

Volume dropped 25% below average (0.75x ratio) on 133K shares traded.

MACD remains negative at -0.047 but showing convergence signs with signal line at -0.062.

RSI(6) at 45.35 indicates neutral momentum, while RSI(24) at 41.95 approaches oversold territory without extreme readings.

Key Price Levels

Primary Support: $1.14 (December 5th low)
Strong Resistance: $1.20 (today's high)
Immediate Pivot: $1.15 (previous resistance now key support)

Valuation Perspective

Trading at P/S ratio of 0.65x with negative P/E of -1.276, TELA shows compressed valuation typical of early-stage biotech firms.

The $50.3M market cap reflects significant discount to development pipeline potential.

Analyst Targets

5 analysts maintain coverage with $3.45 average price target (range: $1.25-$5.00).

Recommendation breakdown: 1 Strong Buy, 3 Buy, 1 Hold, suggesting moderate institutional optimism despite recent weakness.

Weekly Outlook

Expect continued consolidation in $1.10-$1.20 range. Break below $1.14 support could target $1.05-$1.08. Upside breakout above $1.20 opens path toward $1.35-$1.40 resistance zone.

Risk Disclaimer

This analysis is for informational purposes only and should not be considered investment advice. Biotech investments carry high volatility and regulatory risks.

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