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(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.

Showing technical analysis as on 2024-03-21 View latest technical analysis

10 day averaged volume of Teekay Tankers is 375240

Date	Daily Closing Price	Open	High	Low	Volume
21 Thu Mar 2024	57.37	57.29	57.89	56.43	1.139 times
20 Wed Mar 2024	56.91	55.51	57.09	54.17	1.354 times
19 Tue Mar 2024	55.90	55.58	56.65	55.22	0.77 times
18 Mon Mar 2024	55.52	55.90	55.91	54.69	1.195 times
15 Fri Mar 2024	55.75	55.29	56.03	54.87	1.725 times
14 Thu Mar 2024	55.11	53.67	55.21	53.32	0.955 times
13 Wed Mar 2024	53.88	53.54	54.24	53.02	0.642 times
12 Tue Mar 2024	53.11	53.50	53.87	52.93	0.694 times
11 Mon Mar 2024	53.28	53.59	53.59	52.51	0.807 times
08 Fri Mar 2024	53.78	53.85	54.74	53.43	0.949 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 57.2, for a target of 55.9 or 54.73

Share price targets for Teekay Tankers (TNK)

Target Type	Value
Downside Target	46.25
Downside Target	48.26
Downside Target	50.41
Downside Target	52.01
Downside Target	55.40
Downside Target	56.03
Downside Target	56.13
Upside Target	57.89
Upside Target	59.25
Upside Target	63.22
Upside Target	64.42

Intraday share price targets for Teekay Tankers (TNK)

Target Type	Value
Downside Intraday Target	55.06
Downside Intraday Target	52.76
Upside Intraday Target	58.78
Upside Intraday Target	60.2
Downside Intraday Target	56.48

Weekly technical analysis of Teekay Tankers (TNK)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Thu Mar 2024	57.37	55.90	57.89	54.17	0.924 times
15 Fri Mar 2024	55.75	53.59	56.03	52.51	0.952 times
08 Fri Mar 2024	53.78	54.89	55.40	53.09	0.823 times
01 Fri Mar 2024	54.74	54.23	56.13	54.00	0.64 times
23 Fri Feb 2024	54.03	57.81	59.25	52.01	1.946 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
21 Thu Mar 2024	57.37	54.81	57.89	52.51	0.526 times
29 Thu Feb 2024	54.82	62.68	64.42	52.01	1.016 times
31 Wed Jan 2024	62.55	50.94	63.22	50.41	1.217 times
29 Fri Dec 2023	49.97	49.67	54.99	46.25	0.897 times

Scroll below to view daily charts

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)

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 neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Teekay Tankers stock for short term is BUY. Signal strength is Weak and stock is gaining 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 stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Teekay Tankers in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Teekay Tankers is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 55.33 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.