TSAKOS ENERGY NAVIGATION LTD (TEN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TEN - BMG9108L1735 - Common Stock
Taking everything into account, TEN scores 7 out of 10 in our technical rating. TEN has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
Although TEN has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
21.03
We found 1 important support area.
- A support zone ranging from 21.24 to 21.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 25.46 to 25.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @26.17 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 | NEUTRAL | NEUTRAL | The long term trend for TEN is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TEN is neutral. |
| ChartMill Relative Strength | 84.25 | POSITIVE | TEN has a high relative strength, it outperformed 84.25% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TEN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TEN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TEN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.56 | NEUTRAL | The RSI value for TEN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.27 | POSITIVE | The MACD value suggests TEN has a positive trend. |
| Stochastics (14,3) | 77.36 | NEUTRAL | The Stochastics value for TEN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.79 | MEDIUM VOLATILITY | The ATR as a percentage value for TEN suggests some volalility. |
| Average Directional Index/ADX (14) | 24.75 | NEUTRAL | The ADX value for TEN suggests a possible start of a new trend. |
25.09
+1.09 (+4.54%)
TSAKOS ENERGY NAVIGATION LTD / TEN FAQ
What is the ChartMill technical rating of TSAKOS ENERGY NAVIGATION LTD (TEN) stock?
ChartMill assigns a technical rating of 7 / 10 to TEN.
What is the current trend direction of TSAKOS ENERGY NAVIGATION LTD (TEN) stock?
The current trend direction for TSAKOS ENERGY NAVIGATION LTD (TEN) is Bearish.
What is the RSI signal for TSAKOS ENERGY NAVIGATION LTD (TEN) stock?
TSAKOS ENERGY NAVIGATION LTD (TEN) has an RSI value of 66.5641. This indicates that the stock is currently neutral.
What are the support and resistance levels for TSAKOS ENERGY NAVIGATION LTD (TEN) stock?
TSAKOS ENERGY NAVIGATION LTD (TEN) has a support level at 21.89 and a resistance level at 25.46. Check the full technical report for our detailed analysis of TEN support and resistance levels.