Strait Intelligence · Strait Signal
End of Week Charts
A genuinely broad tape this week — nine of the eleven tanker tickers hold a clean 80/Green, price comfortably above both moving averages across almost the entire sector, and not a single tanker name showing real ADX trend-strength conviction underneath it. The two exceptions are the story: Scorpio's momentum broke down since its 30 July read (80/Green → 45/Orange) even as the stock closed higher on the day, and Ardmore's volatility expansion cost it the Green rating (80 → 70/Yellow) despite an intact trend. On the macro side, the 10-Year Treasury posted the single strongest read in the entire set (100/100), Gold flashed its first bottoming signal inside a still-broken downtrend (65/Yellow), and the Dollar Index was the weakest link, just missing a genuine trend-strength signal on the way down (30/Red).
This Week At A Glance
| Instrument | Score | Status | Δ vs Prior Week |
|---|
| TNK | 80/100 |
Green |
Unchanged (Green → Green) |
| DHT | 80/100 |
Green |
First entry on file |
| FRO | 80/100 |
Green |
First entry on file |
| INSW | 80/100 |
Green |
First real entry (matches 28 Jul provisional) |
| ECO | 80/100 |
Green |
First entry on file |
| NAT | 80/100 |
Green |
First entry on file |
| TEN | 80/100 |
Green |
First entry on file |
| TK | 80/100 |
Green |
First entry on file |
| STNG | 45/100 |
Orange |
80 → 45 (Green → Orange) |
| ASC | 70/100 |
Yellow |
80 → 70 (Green → Yellow) |
| TRMD | 80/100 |
Green |
First entry on file |
| Gold | 65/100 |
Yellow |
First entry on file |
| US10Y | 100/100 |
Green |
First entry on file |
| DXY | 30/100 |
Red |
First entry on file |
Scorpio Tankers Inc.
Scorpio Tankers Inc.
NYSE: STNG
The one real deterioration in the batch. Still technically above both SMAs, but momentum broke down — MACD's histogram turned negative, ROC printed -0.15 — both flipping bearish since 30 July. Score falls 80/Green → 45/Orange, consistent with the rollover from its June/July highs even as today's session closed higher.
Ardmore Shipping Corporation
Ardmore Shipping Corporation
NYSE: ASC
Trend and momentum both still intact (ROC +9.92), but ADX at 14.67 shows no strength and volatility has expanded meaningfully since 29 July, losing the points it held then. Score slips 80/Green → 70/Yellow — a real change even though trend/momentum itself hasn't broken.
Teekay Tankers Ltd
Teekay Tankers Ltd
NYSE: TNK
Unchanged from the 30 July read — still 80/Green. Price holds above both the 50-day SMA ($72.96) and 250-day SMA ($63.88), momentum stays bullish (MACD above signal, ROC +10.37), and ADX at 16.75 still falls short of real trend strength. First confirmation the post-earnings score holds under the regular weekly cycle.
DHT Holdings, Inc.
DHT Holdings, Inc.
NYSE: DHT
Price holds comfortably above both the 50-day SMA ($17.65) and 250-day SMA ($15.06) — a full 35/35 Trend. Momentum is bullish (MACD just turned back above signal, ROC +3.80), but ADX at 12.45 shows no real directional conviction behind the move.
Frontline plc
Frontline plc
NYSE: FRO
Trend intact above both SMAs ($37.47 50-day, $29.38 250-day). Momentum bullish (MACD above signal, ROC +6.61), though ADX at 8.78 — the lowest reading in this batch — confirms there's no real trend strength driving it.
International Seaways Inc
International Seaways Inc
NYSE: INSW
Still the strongest trend picture in the tanker complex — price well above both SMAs ($84.76 50-day, $63.60 250-day), fresh highs on the chart. Momentum bullish, ADX at 17.51 again shows no genuine directional strength. Matches the 28 July provisional read almost exactly.
Okeanis Eco Tankers Corp.
Okeanis Eco Tankers Corp.
NYSE/OSE: ECO
Trend fully intact above both SMAs ($53.19 50-day, $41.78 250-day). Momentum bullish and building — ROC +11.23, the strongest reading in the batch — though ADX at 17.16 still falls short of trend-strength confirmation.
Nordic American Tankers Limited
Nordic American Tankers Limited
NYSE: NAT
Above both SMAs ($5.83 50-day, $4.51 250-day). Momentum just turned bullish, MACD crossing back above signal by a thin margin. ADX at 22.13 is the closest any tanker name gets to the 25 threshold this week — worth watching.
Tsakos Energy Navigation Ltd
Tsakos Energy Navigation Ltd
NYSE: TEN
Trend intact above both SMAs ($38.74 50-day, $30.32 250-day). Momentum modestly bullish (ROC +3.24). ADX at 10.95 shows no directional strength — consolidating just below its May highs.
Teekay Corporation Ltd
Teekay Corporation Ltd
NYSE: TK
Recovered back above both SMAs ($11.46 50-day, $10.45 250-day) after the July pullback, a thin but real margin above the 50-day. MACD's histogram just flipped positive, ROC +8.27 off the recent low. ADX at 11.90 shows no trend-strength conviction yet.
TORM plc
TORM plc
NASDAQ: TRMD
Trend intact above both SMAs ($29.08 50-day, $25.19 250-day). Momentum bullish (ROC +4.23). ADX at 9.65 shows no conviction — consolidating below its May/June highs.
US Government Bonds 10 YR Yield
US Government Bonds 10 YR Yield
TVC: US10Y
The strongest read anywhere in the batch, 100/100. Above both SMAs, momentum bullish, and ADX at 29.07 is the only reading in the entire 14-instrument set above the trend-strength threshold. Every category maxes out.
Gold
Gold
CFDs on Gold (US$/oz)
The most nuanced read here. Below both SMAs ($4,198.60/$4,307.45) — the broader trend is still down, costing all 35 trend points. But momentum just turned bullish (MACD crossed back above signal after months negative) and ADX at 27.72 confirms a genuine directional move. Reads as the first real technical sign of the correction stabilizing, not a resumption of the uptrend — hence Yellow, not Green.
U.S. Dollar Index
U.S. Dollar Index
TVC: DXY
The weak spot on the macro side. Slipped back below its 50 SMA (100.490) though still above the 250 SMA. Momentum bearish (ROC -1.18), ADX at 24.45 the closest miss in the whole batch. Volatility genuinely contracting — the one point still on the board.
