TSAKOS ENERGY NAVIGATION LTD (TEN) Stock Technical Analysis
NYSE:TEN • BMG9108L1735
Overall TEN gets a technical rating of 10 out of 10. Both in the recent history as in the last year, TEN has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, TEN did better than 92% of all other stocks. We also observe that the gains produced by TEN over the past year are nicely spread over this period.
- TEN is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 90% of 206 stocks in the same industry.
- A new 52 week high is currently being made by TEN, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month TEN has a been trading in the 25.68 - 31.15 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although TEN has an excellent technical rating, it does not offer a high quality setup 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
When analyzing the support we can see 5 important areas.
- A support zone ranging from 28.10 to 28.50. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 26.99 to 27.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @23.34 from a trend line in the weekly time frame.
- Support @22.39 from a trend line in the weekly time frame.
- A support zone ranging from 21.24 to 21.43. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The short term trend for TEN is up. |
| ChartMill Relative Strength | 92.63 | POSITIVE | TEN has a high relative strength, it outperformed 92.63% 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) | 78.24 | OVERBOUGHT | The high RSI value suggests TEN may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.31 | POSITIVE | The MACD value suggests TEN has a positive trend. |
| Stochastics (14,3) | 96.25 | OVERBOUGHT | The high Stochastics value suggests TEN may be overbought. |
| Average True Range in percent/ATR (20) | 3.1 | MEDIUM VOLATILITY | The ATR as a percentage value for TEN suggests some volalility. |
| Average Directional Index/ADX (14) | 42.05 | POSITIVE | The high ADX value value for TEN suggests a strong trend. |
31.15
+0.8 (+2.64%)
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 10 / 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 Bullish.
What is the RSI signal for TSAKOS ENERGY NAVIGATION LTD (TEN) stock?
TSAKOS ENERGY NAVIGATION LTD (TEN) has an RSI value of 78.2432. This indicates that the stock is currently overbought.
What is the buy/sell signal for TSAKOS ENERGY NAVIGATION LTD (TEN) stock?
The buy/sell signal for TSAKOS ENERGY NAVIGATION LTD (TEN) is buy as both the short term and long term trends are positive.
What is the support and resistance level for TEN stock?
TSAKOS ENERGY NAVIGATION LTD (TEN) has a support level at 28.5. Check the full technical report for our detailed analysis of TEN support and resistance levels.