Technical Analysis for TNP - Tsakos Energy Navigation

Grade Last Price % Change Price Change
B 27.61 4.31% 1.14
TNP closed up 4.31 percent on Wednesday, May 8, 2024, on 1.74 times normal volume. The bulls were able to push the stock to a new 52-week high. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
Earnings due: May 28
*** please verify all earnings dates ***
2 Watchers
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up

Date Alert Name Type % Chg
New 52 Week Closing High Bullish 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
New 52 Week High Strength 0.00%
Upper Bollinger Band Walk Strength 0.00%
Above Upper BB Strength 0.00%
Overbought Stochastic Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
Stochastic Sell Signal Bearish 4.31%
NR7 Range Contraction 4.31%
Overbought Stochastic Strength 4.31%

   Recent Intraday Alerts

Alert Time
60 Minute Opening Range Breakout about 20 hours ago
New 52 Week High about 20 hours ago
Up 3% about 20 hours ago
1.5x Volume Pace about 21 hours ago
Up 1 ATR about 21 hours ago

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Profile

Tsakos Energy Navigation Limited provides international seaborne crude oil and petroleum product transportation services worldwide. The company offers marine transportation services to national, major, and other independent oil companies and refiners under long, medium, and short-term charters. Its fleet consists of 49 double-hull vessels, totaling 4.9 million dwt, including 28 product carriers ranging from shuttle suezmaxes to handysize, 19 crude tankers ranging from VLCCs to aframaxes, and 2 liquefied natural gas (LNG) carriers, as well as an option for an additional newbuilding. The company was formerly known as MIF Limited and changed its name to Tsakos Energy Navigation Limited in July 2001. Tsakos Energy Navigation Limited was founded in 1993 and is based in Athens, Greece.
Classification

Sector: Industrials
Industry: Shipping & Ports
Keywords: Natural Gas Chemical Substances Liquefied Natural Gas Tanker Oil Tanker Marine Transportation Aframax Suezmax Handysize Marine Transportation Services

Is TNP a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 27.69
52 Week Low 15.3316
Average Volume 287,571
200-Day Moving Average 22.23
50-Day Moving Average 25.18
20-Day Moving Average 25.61
10-Day Moving Average 26.18
Average True Range 0.73
RSI (14) 70.06
ADX 14.37
+DI 32.61
-DI 15.40
Chandelier Exit (Long, 3 ATRs) 25.49
Chandelier Exit (Short, 3 ATRs) 26.40
Upper Bollinger Bands 27.14
Lower Bollinger Band 24.07
Percent B (%b) 1.15
BandWidth 11.97
MACD Line 0.43
MACD Signal Line 0.24
MACD Histogram 0.1861
Fundamentals Value
Market Cap 814.65 Million
Num Shares 29.5 Million
EPS 11.43
Price-to-Earnings (P/E) Ratio 2.42
Price-to-Sales 0.75
Price-to-Book 0.44
PEG Ratio 2.53
Dividend 0.15
Dividend Yield 0.54%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 29.42
Resistance 3 (R3) 29.24 28.47 29.11
Resistance 2 (R2) 28.47 28.01 28.55 29.01
Resistance 1 (R1) 28.04 27.72 28.25 28.21 28.91
Pivot Point 27.26 27.26 27.37 27.35 27.26
Support 1 (S1) 26.83 26.80 27.05 27.01 26.31
Support 2 (S2) 26.06 26.52 26.15 26.21
Support 3 (S3) 25.63 26.06 26.11
Support 4 (S4) 25.80