TSAKOS ENERGY NAVIGATION LTD (TEN) Stock Technical Analysis
NYSE:TEN • BMG9108L1735
We assign a technical rating of 10 out of 10 to TEN. 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.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that TEN is one of the better performing stocks in the market, outperforming 94% of all stocks. On top of that, TEN also shows a nice and consistent pattern of rising prices.
- TEN is part of the Oil, Gas & Consumable Fuels industry. There are 206 other stocks in this industry. TEN outperforms 91% of them.
- TEN is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month TEN has a been trading in the 25.72 - 31.79 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
We found 5 important support areas.
- A support zone ranging from 27.88 to 28.30. 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 26.94 to 27.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @23.55 from a trend line in the weekly time frame.
- Support @22.84 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 | 94.16 | POSITIVE | TEN has a high relative strength, it outperformed 94.16% 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) | 80.08 | OVERBOUGHT | The high RSI value suggests TEN may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.37 | POSITIVE | The MACD value suggests TEN has a positive trend. |
| Stochastics (14,3) | 97.53 | OVERBOUGHT | The high Stochastics value suggests TEN may be overbought. |
| Average True Range in percent/ATR (20) | 3 | MEDIUM VOLATILITY | The ATR as a percentage value for TEN suggests some volalility. |
| Average Directional Index/ADX (14) | 44.09 | POSITIVE | The high ADX value value for TEN suggests a strong trend. |
31.79
+0.64 (+2.05%)
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 80.0807. 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 28.3. Check the full technical report for our detailed analysis of TEN support and resistance levels.