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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 2024-10-01 View latest technical analysis

10 day averaged volume of Teekay Tankers is 328010

Date	Daily Closing Price	Open	High	Low	Volume
01 Tue Oct 2024	58.32	57.55	59.64	57.15	1.19 times
30 Mon Sep 2024	58.25	58.25	58.45	57.14	0.941 times
27 Fri Sep 2024	58.31	59.28	59.28	57.64	1.182 times
26 Thu Sep 2024	59.23	57.44	59.40	56.97	1.329 times
25 Wed Sep 2024	56.31	56.93	57.09	56.19	0.96 times
24 Tue Sep 2024	57.44	56.83	57.63	56.32	0.709 times
23 Mon Sep 2024	56.11	56.07	56.37	55.38	1.001 times
20 Fri Sep 2024	55.77	56.20	56.62	55.15	1.909 times
19 Thu Sep 2024	57.07	57.00	57.41	56.31	0.551 times
18 Wed Sep 2024	55.83	56.18	56.94	55.53	0.76 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 57.7, but if it comes below 57.7, then a intra day sell could be more profitable.
If you take a sell trade below 57.7, then use 57.7 as stoploss and 55.84 as target. However if you take a buy trade in stock , then use 57.7 as stoploss and 59.8 as target.

Share price targets for Teekay Tankers (TNK)

Target Type	Value
Downside Target	52.13
Downside Target	55.12
Upside Target	59.40
Upside Target	59.64
Upside Target	61.56
Upside Target	64.91
Upside Target	65.00
Upside Target	70.00
Upside Target	74.00

Intraday share price targets for Teekay Tankers (TNK)

Target Type	Value
Downside Intraday Target	57.09
Downside Intraday Target	55.87
Upside Intraday Target	59.59
Upside Intraday Target	60.87
Upside Intraday Target	58.37

Weekly technical analysis of Teekay Tankers (TNK)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Tue Oct 2024	58.32	58.25	59.64	57.14	0.411 times
27 Fri Sep 2024	58.31	56.07	59.40	55.38	1.128 times
20 Fri Sep 2024	55.77	55.30	57.41	55.12	1.217 times
13 Fri Sep 2024	55.11	53.67	56.60	52.13	1.227 times
06 Fri Sep 2024	53.40	56.01	56.33	53.07	4.282 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
01 Tue Oct 2024	58.32	57.55	59.64	57.15	0.068 times
30 Mon Sep 2024	58.25	56.01	59.40	52.13	0.83 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

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 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 BUY. Signal strength is Strong 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 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 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 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 57.27 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.