TEN:
The current market price is 12.68, unchanged from the previous close.
Support and Resistance Levels
The support levels are 12.68, 12.68, and 12.68. Resistance levels are at 12.68, 12.68, and 12.68, with a pivot point also at 12.68.
Indicators
The RSI is at 100, indicating overbought conditions. The ATR is 0, reflecting no volatility. The Parabolic SAR is at 12.68. Other indicators are stable at 12.68.
Market Sentiment
The market is bearish since the price is at the pivot point (12.68), and indicators show no upward momentum.
TEN Signals & Technical Analysis
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Tsakos Energy Navigation Limited (TEN) is a leading provider of marine transportation services, specializing in the transportation of crude oil and petroleum products. Established in 1999 and headquartered in Athens, Greece, TEN has built a solid reputation in the shipping industry through a commitment to operational excellence and safety. The company operates a modern fleet of double-hulled tankers, including crude oil and product carriers, positioned to serve a diversified client base globally.
Market Position
As a key player in the maritime transportation sector, TEN is recognized for its strong market presence and strategic fleet expansion. With over 60 vessels, the company is well-equipped to meet the growing demand for energy transportation. TEN's diverse fleet not only includes Very Large Crude Carriers (VLCCs) but also Medium Range (MR) tankers, enhancing its ability to respond to market dynamics. The company has established long-term relationships with major oil companies, ensuring a steady stream of revenue and reinforcing its position in the competitive landscape.
Key Financial Highlights
Tsakos Energy Navigation Limited has consistently demonstrated robust financial performance. The company reported revenues of $300 million for the last fiscal year, showcasing its resilience amidst fluctuating market conditions. With a commitment to maintaining a strong balance sheet, TEN has effectively managed its operational costs, resulting in a net income margin that exceeds industry averages. This financial strength enables TEN to invest in fleet modernization and expansion, positioning the company for continued growth.
Industry Highlights
The global shipping industry has experienced significant growth due to increasing energy demand, making companies like TEN essential players in the supply chain. TEN is strategically positioned to capitalize on trends such as the shift towards cleaner energy transportation and the increasing regulatory focus on environmental standards. By leveraging advanced technology and adhering to industry best practices, Tsakos Energy Navigation is poised to continue its trajectory of growth and maintain its status as a trusted name in the maritime logistics sector.
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