TSAKOS ENERGY NAVIGATION LTD (TNP) Stock Technical Analysis
NYSE:TNP - New York Stock Exchange, Inc. - BMG9108L1735 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to TNP. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
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. On top of that, TNP also shows a nice and consistent pattern of rising prices.
TNP is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 95% of 211 stocks in the same industry.
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. We see reduced volatility while prices have been consolidating in the most recent period. 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
We found 3 important support areas.
- 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.
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
Performance
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%
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)
Technical Indicators
MACD(12,26,9)-0.12
RSI(14)48.98
LBB27.67
UBB31.06
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