TSAKOS ENERGY NAVIGATION LTD (TEN) Technical Analysis
NYSE:TEN • BMG9108L1735
Current stock price
TEN Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to TEN. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, TEN is showing a nice and steady performance.
- 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 96% of all other stocks. On top of that, TEN also shows a nice and consistent pattern of rising prices.
- TEN is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 94% of 208 stocks in the same industry.
- TEN is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so TEN is performing more or less in line with the market.
- In the last month TEN has a been trading in the 30.05 - 38.87 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
TEN Weekly and Daily overview Charts
TEN Setup Rating and Analysis
TEN has an excellent technical rating and 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. We notice that large players showed an interest for TEN in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
TEN Support and Resistance Analysis
21.03
We found 6 important support areas.
- A support zone ranging from 34.97 to 35.00. 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 33.74 to 33.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @31.89 from a trend line in the daily time frame.
- Support @24.17 from a trend line in the weekly time frame.
- Support @23.19 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.
When analyzing the resistance we notice one important area.
- Resistance @37.77 from a horizontal line in the daily time frame.
TEN Technical Indicator Signal Analysis
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 | 96.82 | POSITIVE | TEN has a high relative strength, it outperformed 96.82% 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) | 63.33 | NEUTRAL | The RSI value for TEN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.31 | NEGATIVE | The MACD value suggests TEN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 39.39 | NEUTRAL | The Stochastics value for TEN is a neutral value. |
| Average True Range in percent/ATR (20) | 4.67 | MEDIUM VOLATILITY | The ATR as a percentage value for TEN suggests some volalility. |
| Average Directional Index/ADX (14) | 42.25 | POSITIVE | The high ADX value value for TEN suggests a strong trend. |
TEN Chart- and CandleStick Pattern Analysis
TEN Example Setup
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 |
|---|---|---|---|
| 37.78 | 34.96 | 2.82 (7.46%) | 13.40% |
| An entry @37.78. This is a Buy Stop order right above the resistance zone. | An exit @34.96. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.82 points, which is 7.46%. | When investing 13.40% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
TEN Technicals: Chart, Performance Metrics, Trend & Indicators
36.29
+0.52 (+1.45%)
TSAKOS ENERGY NAVIGATION LTD / TEN TA 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 63.3263. This indicates that the stock is currently neutral.
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 35 and a resistance level at 37.77. Check the full technical report for our detailed analysis of TEN support and resistance levels.