Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-09-09 View latest technical analysis

10 day averaged volume of Teekay Tankers is 234490

Date	Daily Closing Price	Open	High	Low	Volume
09 Mon Sep 2024	53.99	53.67	54.46	53.42	1.101 times
06 Fri Sep 2024	53.40	53.71	54.49	53.07	0.793 times
05 Thu Sep 2024	53.71	53.85	54.42	53.36	1.019 times
04 Wed Sep 2024	53.73	53.96	54.85	53.25	1.052 times
03 Tue Sep 2024	54.30	56.01	56.33	54.08	1.441 times
30 Fri Aug 2024	56.88	56.39	57.28	56.21	1.006 times
30 Fri Aug 2024	56.88	56.39	57.28	56.21	1.006 times
29 Thu Aug 2024	55.45	55.95	55.95	54.72	1.01 times
28 Wed Aug 2024	55.49	55.81	55.82	54.41	0.861 times
27 Tue Aug 2024	56.27	55.83	56.30	55.31	0.899 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 54.3, but if it comes above 54.3, then a intra day buy could be more profitable.
If you take a sell trade below 54.3, then use 54.3 as stoploss and 52.8 as target. However if you take a buy trade in stock , then use 54.3 as stoploss and 55.5 as target.

Share price targets for Teekay Tankers (TNK)

Target Type	Value
Downside Target	52.78
Upside Target	56.21
Upside Target	57.28
Upside Target	57.31
Upside Target	58.50
Upside Target	61.56
Upside Target	64.91
Upside Target	65.00
Upside Target	70.00
Upside Target	74.00
Upside Target	74.20

Intraday share price targets for Teekay Tankers (TNK)

Target Type	Value
Downside Intraday Target	53.45
Downside Intraday Target	52.92
Upside Intraday Target	54.49
Upside Intraday Target	55
Downside Intraday Target	53.96

Weekly technical analysis of Teekay Tankers (TNK)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Mon Sep 2024	53.99	53.67	54.46	53.42	0.256 times
06 Fri Sep 2024	53.40	56.01	56.33	53.07	4.282 times
30 Fri Aug 2024	56.88	56.39	57.28	56.21	0.214 times
30 Fri Aug 2024	56.88	56.10	57.28	54.41	1.027 times
23 Fri Aug 2024	55.71	57.70	58.50	54.71	0.759 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
09 Mon Sep 2024	53.99	56.01	56.33	53.07	0.183 times
30 Fri Aug 2024	56.88	63.55	65.00	52.78	1.212 times
31 Wed Jul 2024	65.44	68.70	70.00	61.56	0.947 times
28 Fri Jun 2024	68.81	73.42	74.00	64.91	0.813 times

Scroll below to view daily charts

Price has moved down 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Teekay Tankers ( (TNK) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Teekay Tankers ( (TNK) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Teekay Tankers stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Teekay Tankers in short term but the buy signal is initial and weak.

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 LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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

CCI has generated a buy signal for Teekay Tankers in short term but BUY signal is weak.

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

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 54.98 and Teekay Tankers (TNK) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative 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.