RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of TNP
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Evaluation of Tsakos Energy Navigation Ltd stock downgraded after the last trading session.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 14, 2024 Gain 2.13% PDF

The Tsakos Energy Navigation Ltd stock price fell by -0.353% on the last day (Thursday, 28th Mar 2024) from $25.48 to $25.39. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.49% from a day low at $24.87 to a day high of $25.49. The price has fallen in 6 of the last 10 days but is still up by 2.13% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -194 thousand shares and in total, 384 thousand shares were bought and sold for approximately $9.76 million.

The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.25% during the next 3 months and, with a 90% probability hold a price between $24.76 and $27.47 at the end of this 3-month period.

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TNP Signals & Forecast

The Tsakos Energy Navigation Ltd stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $25.45. On a fall, the stock will find some support from the long-term average at approximately $24.37. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, March 25, 2024, and so far it has fallen -2.46%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Tsakos Energy Navigation Ltd stock

Tsakos Energy Navigation Ltd finds support from accumulated volume at $24.43 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.619 between high and low, or 2.49%. For the last week, the stock has had daily average volatility of 2.98%.

Our recommended stop-loss: $24.24 (-4.54%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 3 days ago.)

Trading Expectations (TNP) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Tsakos Energy Navigation Ltd to open at $25.25, and during the day (based on 14 day Average True Range), to move between $24.67 and $26.11, which gives a possible trading interval of +/-$0.723 (+/-2.85%) up or down from last closing price. If Tsakos Energy Navigation Ltd takes out the full calculated possible swing range there will be an estimated 5.70% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $25.48 (0.35%) than the support at $24.43 (3.78%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Tsakos Energy Navigation Ltd stock A Buy?

Tsakos Energy Navigation Ltd holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.615 Hold/Accumulate Downgraded

Predicted Opening Price for Tsakos Energy Navigation Ltd of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$25.25 ( 0.552%) $25.39

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for TNP

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 25.87 1.89 %
R2 25.63 0.95 %
R1 25.49 0.379 %
Current price: 25.39
Support S1 25.01 -1.48 %
S2 24.87 -2.06 %
S3 24.63 -2.99 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 26.03 2.52 %
R2 25.73 1.34 %
R1 25.48 0.354 %
Current price 25.39
Support S1 24.43 -3.78%
S2 23.78 -6.34%
S3 23.72 -6.58%

TNP Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Nov 21, 2023 Dec 13, 2023 Dec 20, 2023 $0.300 1.32%
2 Sep 07, 2023 Oct 19, 2023 Oct 26, 2023 $0.700 3.21%
3 May 30, 2023 Jun 08, 2023 Jun 15, 2023 $0.300 1.62%
4 Nov 22, 2022 Dec 13, 2022 Dec 20, 2022 $0.150 0.89%
5 Jul 01, 2022 Jul 13, 2022 Jul 20, 2022 $0.100 0.90%

FAQ

What is the symbol for Tsakos Energy Navigation Ltd Stock and on which exchange is it traded?
The symbol for Tsakos Energy Navigation Ltd is TNP and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Tsakos Energy Navigation Ltd Stock?
Tsakos Energy Navigation Ltd holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy Tsakos Energy Navigation Ltd Stock?
Tsakos Energy Navigation Ltd Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Tsakos Energy Navigation Ltd Stock.

What's the current price of Tsakos Energy Navigation Ltd Stock?
As of the end of day on the 2024-03-28, the price of an Tsakos Energy Navigation Ltd (TNP) share was $25.39.

What is the 52-week high and low for Tsakos Energy Navigation Ltd Stock?
The 52-week high for Tsakos Energy Navigation Ltd Stock is $26.50 and the 52-week low is $15.70.

What is the market capitalization of Tsakos Energy Navigation Ltd Stock?
As of the 2024-03-28, the market capitalization of Tsakos Energy Navigation Ltd is 766.367M.

When is the next earnings date for Tsakos Energy Navigation Ltd?
The upcoming earnings date for Tsakos Energy Navigation Ltd is Jun 04, 2024.
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About Tsakos Energy Navigation Ltd

Tsakos Energy Navigation Limited provides seaborne crude oil and petroleum product transportation services worldwide. The company offers marine transportation services for national, major, and other independent oil companies and refiners under long, medium, and short-term charters. As of April 21, 2022, it operated a fleet of 66 double-hull vessels, comprising of 60 conventional tankers, three LNG carriers, and three suezmax DP2 shuttle tankers. ... TNP Profile

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