TSAKOS ENERGY NAVIGATION LTD (TEN) Stock Technical Analysis
USA - NYSE:TEN - BMG9108L1735 - Common Stock
21.04 USD
-0.46 (-2.14%)
20.6999 USD
-0.34 (-1.62%)
We assign a technical rating of 3 out of 10 to TEN. TEN was a bad performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term this still looks good.
77% of all other stocks performed better in the past year than TEN.
In the last month TEN has a been trading in the 20.91 - 23.69 range, which is quite wide. It is currently trading near the lows of this range.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
TEN is part of the Oil, Gas & Consumable Fuels industry. There are 211 other stocks in this industry, TEN did better than 50% of them.
TEN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TEN is lagging the market.
The technical rating of TEN is bad and it also does not present a 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
20.82
23.66
When analyzing the support we notice one important area.
- A support zone ranging from 21.03 to 21.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 21.32 to 21.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @22.84 from a horizontal line in the weekly time frame.
- Resistance @23.43 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 | UP | POSITIVE | The long term trend for TEN is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TEN is down. |
| ChartMill Relative Strength | 23.77 | NEGATIVE | TEN has a low relative strength, it was outperformed by 76.23% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TEN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of TEN is below 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) | 40.02 | NEUTRAL | The RSI value for TEN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.24 | NEGATIVE | The MACD value suggests TEN has a negative trend. |
| Stochastics (14,3) | 12.67 | OVERSOLD | The low Stochastics value suggests TEN may be oversold. |
| Average True Range in percent/ATR (20) | 2.94 | MEDIUM VOLATILITY | The ATR as a percentage value for TEN suggests some volalility. |
| Average Directional Index/ADX (14) | 20.91 | NEUTRAL | The ADX value for TEN 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)
21.04
-0.46 (-2.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-2.14%
1 Week-5.27%
2 Weeks-7.88%
1 Month-5.61%
3 Month1.35%
6 Month31.83%
12 Month-17.07%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.59
ATR(20)%2.94%
ATR Inc24.13%
Range Today0.79
ADR(20)0.56
ADR(20)%2.68%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.77
Mansfield0.17
10 Day High22.7
10 Day Low20.92
20 Day High23.69
20 Day Low20.92
52 Week High25.41
52 Week Low13.4
CS1 End21.03
CR1 Start21.32
Volume & EV
DER(3)5.46%
DER(5)3%
Volume301.40K
Volume Incr-29.01%
Vol(5)262.82K
Vol(50)359.79K