Tsakos Energy Navigation Technical Analysis (NYSE:TNP)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The Tsakos Energy Navigation stock price data and volume are plotted in TNP stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Tsakos Energy Navigation. Technical analysis uses an approach for Tsakos Energy Navigation stock analysis that does not care for the fair value of a company but uses price and volume data only.
Tsakos Energy Navigation Moving Average
Moving averages show the average price of TNP stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $3.62 is above the price of $3.35.
Tsakos Energy Navigation Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Tsakos Energy Navigation. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $3.35 is in the lower range of Tsakos Energy Navigation bollinger bands.
Tsakos Energy Navigation Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Tsakos Energy Navigation MACD indicator can be used to identify bullish and bearish trends for the stock.
Tsakos Energy Navigation Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 37.93 is the RSI value of TNP stock.