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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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Green day on Friday for Tsakos Energy Navigation Ltd stock after gaining 1.25%
(Updated on Jun 21, 2024)

Sell candidate since Jun 14, 2024 Loss -0.73% PDF

The Tsakos Energy Navigation Ltd stock price gained 1.25% on the last trading day (Friday, 21st Jun 2024), rising from $28.03 to $28.38. During the last trading day the stock fluctuated 3.54% from a day low at $28.00 to a day high of $28.99. The price has fallen in 6 of the last 10 days and is down by -9.07% for this period. Volume fell on the last day by -251 thousand shares and in total, 470 thousand shares were bought and sold for approximately $13.34 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $28.13 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 24.26% during the next 3 months and, with a 90% probability hold a price between $34.96 and $40.39 at the end of this 3-month period.

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TNP Signals & Forecast

Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Tsakos Energy Navigation Ltd stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $28.89 and $29.54. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 05, 2024, and so far it has fallen -9.56%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

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

Tsakos Energy Navigation Ltd finds support from accumulated volume at $28.03 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 $0.99 between high and low, or 3.54%. For the last week, the stock has had daily average volatility of 4.75%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (TNP) For The Upcoming Trading Day Of Monday 24th

For the upcoming trading day on Monday, 24th we expect Tsakos Energy Navigation Ltd to open at $28.46, and during the day (based on 14 day Average True Range), to move between $27.45 and $29.31, which gives a possible trading interval of +/-$0.93 (+/-3.29%) 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 6.58% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $28.59 (0.74%) than the support at $28.03 (1.23%), 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?

The Tsakos Energy Navigation Ltd stock holds several negative signals and despite the positive trend, we believe Tsakos Energy Navigation Ltd will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -2.312 Sell Candidate Unchanged

Predicted Opening Price for Tsakos Energy Navigation Ltd of Monday, June 24, 2024

Fair opening price June 24, 2024 Current price
$28.46 ( 0.270%) $28.38

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
R3 29.45 3.76%
R2 29.07 2.43%
R1 28.83 1.60%
Price 28.38
S1 28.08 -1.06%
S2 27.84 -1.89%
S3 27.47 -3.22%

Accumulated Volume Support & Resistance Levels

Level Price
R3 30.68 8.10%
R2 29.68 4.58%
R1 28.59 0.740%
Price 28.38
S1 28.03 -1.23%
S2 27.09 -4.55%
S3 25.79 -9.13%

TNP Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jun 20, 2024 Jul 12, 2024 Jul 18, 2024 $0.600 2.11%
2 Nov 21, 2023 Dec 13, 2023 Dec 20, 2023 $0.300 1.32%
3 Sep 07, 2023 Oct 19, 2023 Oct 26, 2023 $0.700 3.21%
4 May 30, 2023 Jun 08, 2023 Jun 15, 2023 $0.300 1.62%
5 Nov 22, 2022 Dec 13, 2022 Dec 20, 2022 $0.150 0.89%

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?
The Tsakos Energy Navigation Ltd stock holds several negative signals and despite the positive trend, we believe Tsakos Energy Navigation Ltd will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

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 Jun 21, 2024, the price of an Tsakos Energy Navigation Ltd (TNP) share was $28.38.

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 $31.43 and the 52-week low is $16.45.

What is the market capitalization of Tsakos Energy Navigation Ltd Stock?
As of the Jun 21, 2024, the market capitalization of Tsakos Energy Navigation Ltd is 837.369M.

When is the next earnings date for Tsakos Energy Navigation Ltd?
The upcoming earnings date for Tsakos Energy Navigation Ltd is Sep 05, 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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