(TNK) Teekay Tankers complete technical analysis [charts+indicators] | Buy/Sell Teekay Tankers | (TNK) share price targets
Complete technical analysis of Teekay Tankers (TNK) by charts plus indicators, forecast predictions and share price targets for Teekay Tankers (TNK)
Teekay Tankers trades in USA in Consumer Services sector.
10 day averaged volume of Teekay Tankers is 398391
| Date | Daily Closing Price | Open | High | Low | Volume |
| 17 Fri May 2024 | 71.83 | 72.76 | 72.76 | 70.57 | 0.827 times |
| 16 Thu May 2024 | 72.24 | 71.52 | 72.63 | 71.03 | 0.899 times |
| 15 Wed May 2024 | 71.47 | 69.26 | 71.59 | 69.00 | 1.03 times |
| 14 Tue May 2024 | 69.76 | 68.46 | 69.77 | 67.28 | 0.704 times |
| 13 Mon May 2024 | 68.68 | 69.04 | 69.49 | 68.02 | 0.911 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 68.6, but if it comes below 68.6, then a intra day sell could be more profitable.
If you take a sell trade below 68.6, then use 68.6 as stoploss and 62.88 as target. However if you take a buy trade in stock , then use 68.6 as stoploss and 75.5 as target.
Share price targets for Teekay Tankers (TNK)
| Target Type | Value |
| Downside Target | 50.41 |
| Downside Target | 52.01 |
| Downside Target | 55.21 |
| Downside Target | 57.31 |
| Downside Target | 60.61 |
| Downside Target | 61.76 |
| Downside Target | 63.22 |
| Downside Target | 64.42 |
| Downside Target | 67.28 |
| Downside Target | 70.67 |
| Upside Target | 72.76 |
Intraday share price targets for Teekay Tankers (TNK)
| Target Type | Value |
| Downside Intraday Target | 68.49 |
| Downside Intraday Target | 65.14 |
| Upside Intraday Target | 73.97 |
| Upside Intraday Target | 76.1 |
| Downside Intraday Target | 70.62 |
Weekly technical analysis of Teekay Tankers (TNK)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 17 Fri May 2024 | 71.83 | 69.04 | 72.76 | 67.28 | 0.777 times |
| 10 Fri May 2024 | 68.74 | 60.25 | 70.67 | 60.14 | 1.645 times |
| 03 Fri May 2024 | 60.14 | 58.56 | 60.61 | 57.31 | 1.192 times |
| 26 Fri Apr 2024 | 58.66 | 56.53 | 58.99 | 55.67 | 0.851 times |
| 19 Fri Apr 2024 | 56.53 | 57.60 | 58.79 | 55.21 | 0.662 times |
Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.
Monthly technical analysis of Teekay Tankers (TNK)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 17 Fri May 2024 | 71.83 | 58.31 | 72.76 | 57.31 | 0.717 times |
| 30 Tue Apr 2024 | 58.27 | 58.62 | 61.76 | 55.21 | 0.945 times |
| 28 Thu Mar 2024 | 58.41 | 54.81 | 58.43 | 52.51 | 0.647 times |
| 29 Thu Feb 2024 | 54.82 | 62.68 | 64.42 | 52.01 | 1.071 times |
Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.
Indicators analysis of Teekay Tankers (TNK)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 44, 9, 65 | Buy |
| MACD | 6, 5 | Buy |
| Stochastics | 96 | Buy |
| CCI | 81 | Sell |
| RSI | 74 | Buy |
| OBV | 1966588 | Sell |
| VWAP | 68 | Buy |
| ADL | 0 | Sell |
| ROC | 19 | Buy |
| Force Index | 0 | Sell |
Price action analysis of Teekay Tankers ( (TNK) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Teekay Tankers ( (TNK) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Teekay Tankers ( (TNK) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Teekay Tankers ( (TNK) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
ADX buy sell signal for Teekay Tankers stock for short term is BUY. Signal strength is Strong and stock is losing momentum.
MACD generated a BUY signal for Teekay Tankers in short term and the buy signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Teekay Tankers Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down
CCI has generated a SELL signal for Teekay Tankers in short term but SELL signal is weak.
RSI is generating a BUY signal in short term and the buying is gaining momentum.
MRSI is in positive zone. This is a BUY zone
Although the stock is in the BUY zone, but buying might be slowing down
Stock of Teekay Tankers is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 68.24 and Teekay Tankers (TNK) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.
People seem to be coming out and selling the Teekay Tankers (TNK) stock. Volume based technical analysis of Teekay Tankers (TNK) stock is negative.
Teekay Tankers Stock is giving positive returns over a short term period. Returns for a longer term period have been positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
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