Stock Forecast Chart
Stock Price Prediction Summary
Forecast Score Based on 2 Weeks
Based on our forecast, the price of TNP-PE will decline by -66.84% over the next 2 Weeks and hit $26.00 by Friday, November 24, 2023. In that time frame, TNP-PE's share price is expected to range between $25.78 and $26.25.
BearishAverageBullishTNP-PE shares rose +5.06% in Thursday, February 13, 2025's trading session, rising from a previous close of $74.61 to move at $78.39. The stock demonstrated notable intraday movement (see TNP-PE's key stats for a full breakdown), fluctuating between $69.81 and $79.87, a +14.41% trading range. While recent weeks have seen some volatility, TNP-PE has managed to secure a +3.45% gain over the past 2 weeks. The upward price movement was accompanied by decreased trading volume, with approximately 314.47K shares changing hands, 11.98K fewer than the previous session. This amounted to $24.65M in total market activity.
Will TNP-PE Continue Its Downward Trend?
According to analyst ratings and projections for TNP-PE, Tsakos Energy Navigation Limited shares are anticipated to decrease by -199.02%, potentially reaching $26.22 per share by November 24, 2023. Short-term technical indicators for TNP-PE currently suggest a bearish sentiment. This aligns with the stock's recent performance, as it has recorded 17 negative trading days within the past 30 sessions. Based on the TNP-PE stock forecast, now is not the best time to buy TNP-PE stock because its current trading price is +201.55% above our predicted value, hinting at a possible undervaluation. For deeper insights, view our sentiment analysis on TNP-PE covering social and institutional perspectives.
TNP-PE Technical Momentum: Overbought, Oversold, or Neutral?
An analysis of Relative Strength Index (RSI) indicators provides insight into TNP-PE's momentum. Short-term RSIs (9, 14, and 20-day figures ranging from 53.50% to 59.88%) suggest the stock is in a neutral to slightly bearish momentum phase. The 50-day RSI, at 54.16%, suggests a neutral medium-term outlook. Additionally, the 100-day RSI, at 55.87%, maintains a neutral outlook for the long term. Insights into TNP-PE's shareholder base show how institutional investors are positioning themselves during these momentum shifts

