Strait Intelligence · Strait Signal
End of Week Charts
End of Week Charts
Saturday, 8 August 2026 · Chart-monitoring only — not investment advice
A rougher tape than the 1 August read across most of the sector. Momentum broke down cleanly for three names that had been sitting at a clean 80/Green — Nordic American, Tsakos, and TORM all slipped to 45/Orange as MACD crossed below signal and ROC turned flat-to-negative, even with trend structure fully intact on all three. International Seaways cracked further to 50/Orange on its own fresh bearish crossover, with volatility now the bigger concern heading into Monday’s Q2 report. Okeanis eased from Green to 70/Yellow purely on a volatility spike tied to today’s post-earnings pullback — trend and momentum there are actually the strongest in the batch. Scorpio extended its decline for a second straight week, now the weakest read at 30/Red after slipping back below its own 50-day average. The steadiest four — DHT, Frontline, Teekay Corporation, and Teekay Tankers — all held their 80/Green scores unchanged, and not a single tanker name in the coverage list shows real ADX trend-strength conviction underneath any of it. On the macro side, Gold posts a rare perfect 100/100 as its trend genuinely turns higher, the 10-Year Treasury eases off last week's perfect score but stays Green, and the Dollar Index improves from Red to Orange as its downtrend picks up real ADX conviction — a combination worth watching alongside the tanker-equity picture.
InstrumentScoreStatusΔ vs Prior Week
TNK80/100 Green Unchanged (Green → Green)
DHT80/100 Green Unchanged (Green → Green)
FRO80/100 Green Unchanged (Green → Green)
INSW50/100 Orange 80 → 50 (Green → Orange)
ECO70/100 Yellow 80 → 70 (Green → Yellow)
NAT45/100 Orange 80 → 45 (Green → Orange)
TEN45/100 Orange 80 → 45 (Green → Orange)
TK80/100 Green Unchanged (Green → Green)
STNG30/100 Red 45 → 30 (Orange → Red)
ASC70/100 Yellow Unchanged (Yellow → Yellow)
TRMD45/100 Orange 80 → 45 (Green → Orange)
Gold100/100 Green 65 → 100 (Yellow → Green)
US10Y80/100 Green 100 → 80 (Green → Green)
DXY50/100 Orange 30 → 50 (Red → Orange)
Teekay Tankers Ltd
NYSE: TNK
Unchanged from the 1 August read — still 80/Green. Price holds above both the 50-day SMA ($73.01) and 250-day SMA ($64.52), momentum stays bullish (MACD above signal, ROC +1.68), and ADX at 16.65 still falls short of real trend strength. Second straight week confirming the score under the regular weekly cycle.
Teekay Tankers Ltd (TNK) daily chart with SMA, ADX, MACD, ROC, and ATR panels
DHT Holdings, Inc.
NYSE: DHT
Unchanged from the 1 August read — still 80/Green. Price holds above both the 50-day SMA ($17.72) and 250-day SMA ($15.20), momentum stays bullish (MACD just back above signal, ROC +2.08), and ADX at 9.67 still shows no real directional conviction. Volatility remains contained.
DHT Holdings, Inc. (DHT) daily chart with SMA, ADX, MACD, ROC, and ATR panels
Frontline plc
NYSE: FRO
Unchanged from the 1 August read — still 80/Green. Trend intact above both SMAs ($37.66 50-day, $29.77 250-day). Momentum bullish (MACD above signal, ROC +2.98), though ADX at 7.25 — the lowest reading in this batch — confirms there’s no trend-strength conviction behind the move.
Frontline plc (FRO) daily chart with SMA, ADX, MACD, ROC, and ATR panels
International Seaways Inc
NYSE: INSW
A real deterioration since the provisional read. Trend still fully intact — price well above both the 50 SMA ($85.68) and 250 SMA ($64.60). But momentum has cracked: MACD’s histogram flipped negative at today’s close, even as ROC still prints a marginal +1.90. Volatility is the bigger flag: ATR has more than doubled since March. Worth watching closely ahead of Monday’s Q2 report.
International Seaways Inc (INSW) daily chart with SMA, ADX, MACD, ROC, and ATR panels
Okeanis Eco Tankers Corp.
NYSE/OSE: ECO
Trend fully intact, price comfortably above both the 50 SMA ($53.90) and 250 SMA ($42.51). Momentum stays bullish (MACD above signal, ROC +7.47 — the strongest reading in the batch), and ADX at 22.79 is the closest any name gets to real trend-strength confirmation. The catch is volatility: ATR spiked sharply on today’s post-earnings 3% pullback, a fresh expansion that costs the full 10 points.
Okeanis Eco Tankers Corp. (ECO) daily chart with SMA, ADX, MACD, ROC, and ATR panels
Nordic American Tankers Limited
NYSE: NAT
Trend intact, price above both the 50 SMA ($5.92) and 250 SMA ($4.58). But momentum has broken down since 1 August — MACD crossed below signal, and ROC prints exactly flat at 0.00. ADX at 17.88 shows no trend-strength conviction. Volatility has stayed range-bound for months and earns the full 10 points, the one steady category.
Nordic American Tankers Limited (NAT) daily chart with SMA, ADX, MACD, ROC, and ATR panels
Tsakos Energy Navigation Ltd
NYSE: TEN
Trend intact, price above both the 50 SMA ($38.36) and 250 SMA ($30.69). Momentum has turned since 1 August — MACD just crossed below signal and ROC prints marginally negative at -0.08. ADX at 9.19 shows no trend-strength conviction. Volatility has settled into a range-bound pattern for months and earns the full 10 points.
Tsakos Energy Navigation Ltd (TEN) daily chart with SMA, ADX, MACD, ROC, and ATR panels
Teekay Corporation Ltd
NYSE: TK
Unchanged from the 1 August read — still 80/Green. Price ($11.32) sits only fractionally above its own 50 SMA ($11.29) — a thin margin, but real — alongside a comfortable cushion above the 250 SMA ($10.52). Momentum stays bullish, MACD just holding above signal with ROC +1.16. ADX at 10.56 shows no trend-strength conviction.
Teekay Corporation Ltd (TK) daily chart with SMA, ADX, MACD, ROC, and ATR panels
Scorpio Tankers Inc.
NYSE: STNG
A further slide since the 1 August Orange read. Price has now slipped back below its own 50 SMA ($76.67), though it still holds above the 250 SMA ($66.29). Momentum stays broken down — MACD’s histogram remains negative, ROC has deepened to -2.96. Volatility is the one category still earning points. The weakest reading in this batch, and the second straight week of deterioration.
Scorpio Tankers Inc. (STNG) daily chart with SMA, ADX, MACD, ROC, and ATR panels
Ardmore Shipping Corporation
NYSE: ASC
Unchanged from the 1 August read — still 70/Yellow. Trend and momentum both intact (ROC +1.95), and ADX at 13.42 shows no trend-strength conviction. Volatility remains the drag: ATR has kept climbing since June and is still rising into today’s close, the second straight week this has cost the full 10 points.
Ardmore Shipping Corporation (ASC) daily chart with SMA, ADX, MACD, ROC, and ATR panels
TORM plc
NASDAQ: TRMD
Trend intact, price above both the 50 SMA ($28.88) and 250 SMA ($25.39). But momentum has turned since 1 August — MACD crossed below signal and ROC prints negative at -1.04. ADX at 9.92 shows no trend-strength conviction. Volatility has eased back from a recent local peak and earns the full 10 points.
TORM plc (TRMD) daily chart with SMA, ADX, MACD, ROC, and ATR panels
Gold
CFDs on Gold (US$/oz)
Real improvement since the 1 August read (65/Yellow → 100/Green). Price has now cleared both moving averages — a thin but genuine break above the 250 SMA ($4,323.62) alongside comfortable room above the 50 SMA ($4,166.73). Momentum stays bullish (MACD firmly above signal, ROC +6.41), and ADX at 26.24 clears the 25 trend-strength threshold. Volatility has eased back from its earlier-year spike. Every category maxes out — the strongest read in this batch.
Gold (GOLD) daily chart with SMA, ADX, MACD, ROC, and ATR panels
US Government Bonds 10 YR Yield
TVC: US10Y
A real but modest step down from the 1 August perfect score (100/100 → 80/100), still Green either way. Yield holds comfortably above both the 50-day (4.542%) and 250-day (4.268%) averages. Momentum has cooled — MACD's histogram just turned marginally negative even as ROC stays barely positive at +0.04 — netting only 15 of 35 momentum points. ADX at 27.39 continues to clear the 25 trend-strength threshold. Still the strongest macro read on the board, just no longer a perfect one.
US Government Bonds 10 YR Yield (US10Y) daily chart with SMA, ADX, MACD, ROC, and ATR panels
U.S. Dollar Index
TVC: DXY
A real improvement since the 1 August read (30/Red → 50/Orange). Price has slipped back below its own 50 SMA (100.566) but holds above the 250 SMA (98.976) — the same partial trend picture as a week ago. Momentum stays bearish (MACD below signal, ROC -1.88), but ADX at 28.39 now clears the 25 trend-strength threshold — a genuine directional move lower is underway, unlike the near-miss on 1 August. Volatility continues to contract.
U.S. Dollar Index (DXY) daily chart with SMA, ADX, MACD, ROC, and ATR panels