TSAKOS ENERGY NAVIGATION LTD (TNP) Stock Technical Analysis
NYSE:TNP - New York Stock Exchange, Inc. - BMG9108L1735 - Common Stock - Currency: USD
Overall TNP gets a technical rating of 9 out of 10. In the last year, TNP was one of the better performers, but we do observe some doubts in the very recent evolution.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
Looking at the yearly performance, TNP did better than 94% of all other stocks. We also observe that the gains produced by TNP over the past year are nicely spread over this period.
TNP is part of the Oil, Gas & Consumable Fuels industry. There are 208 other stocks in this industry. TNP outperforms 94% of them.
TNP 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 TNP is lagging the market slightly.
In the last month TNP has a been trading in the 26.60 - 31.48 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
TNP 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 a support zone below the current price at 28.96, a Stop Loss order could be placed below this zone.
More info and screens
22.35
31.69
3 important support areas can be observed.
- A support zone ranging from 28.03 to 28.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @27.41 from a trend line in the daily time frame.
- Support @22.58 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 29.41 to 29.84. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 31.20 to 31.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 TNP is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TNP is neutral. |
| ChartMill Relative Strength | 94.24 | POSITIVE | TNP has a high relative strength, it outperformed 94.24% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TNP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TNP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TNP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.98 | NEUTRAL | The RSI value for TNP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests TNP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 62.48 | NEUTRAL | The Stochastics value for TNP is a neutral value. |
| Average True Range in percent/ATR (20) | 3.13 | MEDIUM VOLATILITY | The ATR as a percentage value for TNP suggests some volalility. |
| Average Directional Index/ADX (14) | 32.26 | POSITIVE | The high ADX value value for TNP 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 |
|---|---|---|---|
| 29.85 | 28.02 | 1.83 (6.13%) | 16.31% |
| An entry @29.85. This is a Buy Stop order right above the resistance zone. | An exit @28.02. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.83 points, which is 6.13%. | When investing 16.31% 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.
29.28
-0.16 (-0.54%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.54%
1 Week3.17%
2 Weeks-1.68%
1 Month-5.58%
3 Month15.32%
6 Month31.77%
12 Month64.31%
2 Year226.42%
3 Year240.47%
5 Year77.99%
10 Year-12.47%
15 Year-63.72%
Volatility
ATR(14)1.02
ATR(20)%3.13%
ATR Inc-16.18%
Range Today0.67
ADR(20)0.87
ADR(20)%2.97%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.24
Mansfield1
10 Day High30.1
10 Day Low26.6
20 Day High31.48
20 Day Low26.6
52 Week High31.48
52 Week Low17.06
CS1 End28.96
CR1 Start29.41
Volume & EV
DER(3)2.61%
DER(5)1.64%
Volume237.80K
Volume Incr20.27%
Vol(5)322.82K
Vol(50)285.79K