TSAKOS ENERGY NAVIGATION LTD (TEN) Stock Technical Analysis
USA - NYSE:TEN - BMG9108L1735 - Common Stock
22.72 USD
-0.48 (-2.07%)
22.72 USD
0 (0%)
Overall TEN gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, TEN is a bad performer.
67% of all other stocks performed better in the past year than TEN.
The long and short term trends are both positive. This is looking good!
TEN 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 TEN is lagging the market slightly.
TEN is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
TEN is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 57% of 210 stocks in the same industry.
Besides having an excellent technical rating, TEN also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 22.22, a Stop Loss order could be placed below this zone.
More info and screens
19.00
23.57
We found 4 important support areas.
- A support zone ranging from 21.92 to 22.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @21.43 from a horizontal line in the daily time frame.
- A support zone ranging from 20.65 to 20.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @19.19 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @22.73 from a horizontal line in the weekly time frame.
- Resistance @23.34 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 | UP | POSITIVE | The short term trend for TEN is up. |
| ChartMill Relative Strength | 33.25 | NEUTRAL | TEN is not amongst the best or worst performers 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) | 57.26 | NEUTRAL | The RSI value for TEN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests TEN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.31 | NEUTRAL | The Stochastics value for TEN is a neutral value. |
| 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) | 25.76 | POSITIVE | The high ADX value value for TEN suggests a strong 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)
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 |
|---|---|---|---|
| 22.74 | 21.91 | 0.83 (3.65%) | 25.00% |
| An entry @22.74. This is a Buy Stop order right above the resistance zone. | An exit @21.91. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.83 points, which is 3.65%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.91%. |
- The distance between exit and entry is rather small compared to the average daily movement of TEN. Please evaluate whether better entry and exit points can be found.
- 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.
22.72
-0.48 (-2.07%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-2.07%
1 Week1.93%
2 Weeks2.25%
1 Month6.87%
3 Month9.65%
6 Month35.89%
12 Month-9.27%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.8
ATR(20)%3.1%
ATR Inc-21.81%
Range Today0.64
ADR(20)0.66
ADR(20)%2.9%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS33.25
Mansfield0.59
10 Day High23.6
10 Day Low21.22
20 Day High23.6
20 Day Low21.22
52 Week High26.9
52 Week Low13.4
CS1 End22.22
CR1 Start22.73
Volume & EV
DER(3)-1.87%
DER(5)-1.44%
Volume320.80K
Volume Incr-22.55%
Vol(5)381.86K
Vol(50)364.74K