TANGER INC (SKT) Stock Technical Analysis
NYSE:SKT - New York Stock Exchange, Inc. - US8754651060 - REIT - Currency: USD
We assign a technical rating of 2 out of 10 to SKT. SKT has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
SKT is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month SKT has a been trading in the 29.23 - 32.55 range, which is quite wide. It is currently trading near the lows of this range.
SKT is one of the better performing stocks in the Diversified REITs industry, it outperforms 78% of 130 stocks in the same industry.
SKT has an average volume of 1005820 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, SKT outperforms 52% of them, which is more or less in line with the market.
The technical rating of SKT is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
28.52
32.93
When analyzing the support we can see 3 important areas.
- Support @29.77 from a trend line in the weekly time frame.
- Support @29.29 from a horizontal line in the daily time frame.
- A support zone ranging from 28.81 to 28.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 30.60 to 32.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for SKT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SKT is down. |
| ChartMill Relative Strength | 52.74 | NEUTRAL | SKT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SKT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of SKT is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SKT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.8 | NEUTRAL | The RSI value for SKT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.23 | NEGATIVE | The MACD value suggests SKT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 18.07 | OVERSOLD | The low Stochastics value suggests SKT may be oversold. |
| Average True Range in percent/ATR (20) | 2.12 | MEDIUM VOLATILITY | The ATR as a percentage value for SKT suggests some volalility. |
| Average Directional Index/ADX (14) | 19.04 | NEGATIVE | The low ADX value for SKT suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
30.47
+0.95 (+3.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryDiversified REITs
Performance
% Chg3.22%
1 Week-1.71%
2 Weeks-3.36%
1 Month-2.56%
3 Month0.93%
6 Month-9.26%
12 Month9.49%
2 Year31.05%
3 Year97.6%
5 Year435.5%
10 Year-3.7%
15 Year31.85%
Volatility
ATR(14)0.62
ATR(20)%2.12%
ATR Inc55.69%
Range Today0.94
ADR(20)0.63
ADR(20)%2.06%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS52.74
Mansfield-1.32
10 Day High31.97
10 Day Low29.24
20 Day High32.56
20 Day Low29.24
52 Week High37.57
52 Week Low27.23
CS1 End29.77
CR1 Start30.6
Volume & EV
DER(3)2.18%
DER(5)1.14%
Volume1.29M
Volume Incr12.75%
Vol(5)1.04M
Vol(50)1.01M