TANGER INC (SKT) Stock Technical Analysis
NYSE:SKT • US8754651060
Taking everything into account, SKT scores 6 out of 10 in our technical rating. Although SKT is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- When comparing the yearly performance of all stocks, SKT is a bad performer in the overall market: 68% of all stocks are doing better.
- SKT is part of the Diversified REITs industry. There are 123 other stocks in this industry, of which 62% are performing better than SKT.
- The long and short term trends are both positive. This is looking good!
- SKT is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SKT is lagging the market slightly.
- In the last month SKT has a been trading in the 31.13 - 35.06 range, which is quite wide. It is currently trading near the high of this range.
- SKT has an average volume of 1022960 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Volume is considerably higher in the last couple of days.
SKT has an average technical rating and also the quality of the setup is only medium 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
29.21
When analyzing the support we can see 4 important areas.
- A support zone ranging from 33.03 to 33.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 31.59 to 31.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @31.08 from a trend line in the weekly time frame.
- Support @29.51 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 34.78 to 34.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @35.81 from a horizontal line in the weekly 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 | 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 | 32.13 | NEUTRAL | SKT is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of SKT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.22 | NEUTRAL | The RSI value for SKT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.22 | POSITIVE | The MACD value suggests SKT has a positive trend. |
| Stochastics (14,3) | 87.51 | OVERBOUGHT | The high Stochastics value suggests SKT may be overbought. |
| Average True Range in percent/ATR (20) | 2.33 | MEDIUM VOLATILITY | The ATR as a percentage value for SKT suggests some volalility. |
| Average Directional Index/ADX (14) | 15.8 | NEGATIVE | The low ADX value for SKT suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 34.93 | 33.02 | 1.91 (5.47%) | 18.29% |
| An entry @34.93. This is a Buy Stop order right above the resistance zone. | An exit @33.02. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.91 points, which is 5.47%. | For a 1.00% total portfolio risk, you can invest 18.29% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
34.53
-0.38 (-1.09%)
TANGER INC / SKT FAQ
What is the ChartMill technical rating of TANGER INC (SKT) stock?
ChartMill assigns a technical rating of 6 / 10 to SKT.
Can you provide the trend direction for TANGER INC?
The current trend direction for TANGER INC (SKT) is Bullish.
What is the RSI signal for SKT stock?
TANGER INC (SKT) has an RSI value of 60.219. This indicates that the stock is currently neutral.
What is the short term momentum for TANGER INC (SKT) stock?
The short term momentum for TANGER INC (SKT) is positive.
What is the buy/sell signal for SKT stock?
The buy/sell signal for TANGER INC (SKT) is buy as both the short term and long term trends are positive.