TANGER INC (SKT) Stock Technical Analysis
NYSE:SKT - New York Stock Exchange, Inc. - US8754651060 - REIT - Currency: USD
Taking everything into account, SKT scores 0 out of 10 in our technical rating. SKT's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, SKT is a bad performer in the overall market: 64% of all stocks are doing better.
In the last month SKT has a been trading in the 28.74 - 32.58 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
SKT has an average volume of 1100890 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
SKT is part of the Diversified REITs industry. There are 129 other stocks in this industry, SKT did better than 51% of them.
SKT is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SKT is lagging the market slightly.
SKT has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 28.81, a Stop Loss order could be placed below this zone.
More info and screens
28.52
37.47
We found 1 important support area.
- 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.
When analyzing the resistance we notice 6 important areas.
- A resistance zone ranging from 29.93 to 30.19. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 31.17 to 31.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 32.43 to 32.65. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @34.46 from a trend line in the weekly time frame.
- Resistance @36.10 from a horizontal line in the daily time frame.
- Resistance @37.10 from a horizontal line in the daily time frame.
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 | 36.84 | 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) | DOWN | NEGATIVE | The current price of SKT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of SKT is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45 | NEUTRAL | The RSI value for SKT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests SKT has a positive trend. |
| Stochastics (14,3) | 26.65 | NEUTRAL | The Stochastics value for SKT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.65 | MEDIUM VOLATILITY | The ATR as a percentage value for SKT suggests some volalility. |
| Average Directional Index/ADX (14) | 18.37 | 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)
29.8
-0.24 (-0.8%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryDiversified REITs
Performance
% Chg-0.8%
1 Week1.85%
2 Weeks-2.55%
1 Month-0.43%
3 Month-15.94%
6 Month-19.39%
12 Month7.39%
2 Year46.29%
3 Year70.19%
5 Year384.55%
10 Year-11.39%
15 Year43.2%
Volatility
ATR(14)0.82
ATR(20)%2.65%
ATR Inc-11.81%
Range Today0.75
ADR(20)0.71
ADR(20)%2.4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS36.84
Mansfield-0.92
10 Day High31.25
10 Day Low28.74
20 Day High32.58
20 Day Low28.74
52 Week High37.57
52 Week Low25.94
CS1 End28.81
CR1 Start29.93
Volume & EV
DER(3)-2.32%
DER(5)-1.72%
Volume1.31M
Volume Incr-8.38%
Vol(5)1.06M
Vol(50)1.10M