TANGER INC (SKT) Stock Technical Analysis
NYSE:SKT - US8754651060 - REIT
34.18 USD
+0.18 (+0.53%)
34.18 USD
0 (0%)
Taking everything into account, SKT scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, SKT is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
SKT is part of the Diversified REITs industry. There are 129 other stocks in this industry. SKT outperforms 87% of them.
In the last month SKT has a been trading in the 29.56 - 34.24 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, SKT did better than 73% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
SKT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SKT is lagging the market.
Considerably lower volume is observed in the last couple of days.
Although SKT has an excellent technical rating, it does not offer a high 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
29.00
34.52
When analyzing the support we can see 3 important areas.
- A support zone ranging from 32.60 to 32.69. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @30.03 from a trend line in the weekly time frame.
- A support zone ranging from 29.29 to 29.51. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for SKT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SKT is up. |
| ChartMill Relative Strength | 73.04 | POSITIVE | SKT has a high relative strength, it outperformed 73.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SKT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SKT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of SKT is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 67.11 | NEUTRAL | The RSI value for SKT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests SKT has a positive trend. |
| Stochastics (14,3) | 98.41 | OVERBOUGHT | The high Stochastics value suggests SKT may be overbought. |
| Average True Range in percent/ATR (20) | 2.09 | MEDIUM VOLATILITY | The ATR as a percentage value for SKT suggests some volalility. |
| Average Directional Index/ADX (14) | 23.58 | NEUTRAL | The ADX value for SKT suggests a possible start of a new 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)
34.18
+0.18 (+0.53%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryDiversified REITs
Performance
% Chg0.53%
1 Week2.03%
2 Weeks5.72%
1 Month15.79%
3 Month14.7%
6 Month-3.58%
12 Month12.29%
2 Year47.01%
3 Year121.66%
5 Year500.7%
10 Year8.03%
15 Year47.9%
Volatility
ATR(14)0.62
ATR(20)%2.09%
ATR Inc-24.75%
Range Today0.38
ADR(20)0.67
ADR(20)%1.95%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.04
Mansfield-0.47
10 Day High34.24
10 Day Low32.14
20 Day High34.24
20 Day Low29.56
52 Week High37.57
52 Week Low28.69
CS1 End32.69
CR1 StartN/A
Volume & EV
DER(3)-0.44%
DER(5)-0.68%
Volume811.90K
Volume Incr-36.45%
Vol(5)585.04K
Vol(50)936.53K