TANGER FACTORY OUTLET CENTER (SKT)       19.49  -0.56 (-2.79%)

19.49  -0.56 (-2.79%)

US8754651060 - REIT - After market: 19.49 0 (0%)

Technical Rating

8

We assign a technical rating of 8 out of 10 to SKT. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SKT is showing a nice and steady performance.



Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that SKT is one of the better performing stocks in the market, outperforming 84% of all stocks.
SKT is part of the Equity Real Estate Investment Trusts (REITs) industry. There are 218 other stocks in this industry. SKT outperforms 95% of them.
SKT is currently trading near its 52 week high. This is a good sign, certainly because the S&P500 Index is not trading near new highs.
In the last month SKT has a been trading in the 17.49 - 20.27 range, which is quite wide. It is currently trading near the high of this range.

Statistics

1 Month 3 Months 6 Months 12 Months 9.68% 4.17% 22.12% 22.89% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 84.52 13.255 - 20.27
SKT Weekly chart
SKT Daily chart

Support/Resistance Analysis


13.80

20.25
When analyzing the support we can see 5 important areas.
  • A support zone ranging from 19.05 to 19.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 18.43 to 18.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @17.94 from a horizontal line in the weekly time frame.
  • A support zone ranging from 17.59 to 17.59. This zone is formed by a combination of multiple trend lines in the daily time frame.
  • Support @13.94 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
  • Resistance @19.59 from a horizontal line in the weekly time frame.
  • Resistance @20.05 from a horizontal line in the daily time frame.

Setup Analysis

Setup Rating

3

Although SKT has an excellent technical rating, it does not present a decent entry opportunity 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.


SKT Daily chart

TANGER FACTORY OUTLET CENTER19.49

NYSE:SKT (2/3/2023, 7:08:05 PM)-0.56 (-2.79%)

After market: 19.49 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Real Estate
GICS Industry Equity Real Estate Investment Trusts (REITs)

Performance
Today -2.79% 1 Week 1.19%
2 Weeks 6.33% 1 Month 9.68%
3 Month 4.17% 6 Month 22.12%

Volatility
ATR(14) 0.5 ATR(20)% 2.39%
ATR Inc 61.69% Range Today 0.45

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
CRS 84.52 Mansfield 1.23
10 Day High 20.27 10 Day Low 18.1
20 Day High 20.27 20 Day Low 17.49
52 Week High 20.27 52 Week Low 13.26
CS1 End 19.31 CR1 Start 19.59

Volume & EV
DER(3) 1.8% DER(5) 1.12%
Volume 702.60K Volume Incr 15.3%
Vol(5) 800.12K Vol(50) 721.10K

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