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 2024-10-16 View latest technical analysis

10 day averaged volume of Teekay Tankers is 354820

Date	Daily Closing Price	Open	High	Low	Volume
16 Wed Oct 2024	55.42	54.93	55.60	54.68	0.894 times
15 Tue Oct 2024	54.41	56.38	56.41	54.37	1.128 times
14 Mon Oct 2024	56.99	58.80	58.91	56.84	0.822 times
11 Fri Oct 2024	59.23	59.05	59.64	58.41	0.641 times
10 Thu Oct 2024	59.05	59.32	60.15	58.87	0.8 times
09 Wed Oct 2024	59.29	60.01	60.29	58.98	0.997 times
08 Tue Oct 2024	60.78	61.49	61.95	60.48	1.333 times
07 Mon Oct 2024	62.11	61.48	62.40	61.26	1.001 times
04 Fri Oct 2024	61.12	62.20	62.45	60.49	1.181 times
03 Thu Oct 2024	61.70	59.63	61.71	59.62	1.254 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 56.2, but if it comes above 56.2, then a intra day buy could be more profitable.
If you take a sell trade below 56.2, then use 56.2 as stoploss and 53.7 as target. However if you take a buy trade in stock , then use 56.2 as stoploss and 58.33 as target.

Share price targets for Teekay Tankers (TNK)

Target Type	Value
Downside Target	52.13
Downside Target	54.37
Upside Target	57.14
Upside Target	61.56
Upside Target	62.40
Upside Target	62.45
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	53.56
Downside Intraday Target	51.69
Upside Intraday Target	58.1
Upside Intraday Target	60.77
Upside Intraday Target	56.23

Weekly technical analysis of Teekay Tankers (TNK)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Wed Oct 2024	55.42	58.80	58.91	54.37	0.596 times
11 Fri Oct 2024	59.23	61.48	62.40	58.41	0.909 times
04 Fri Oct 2024	61.12	58.25	62.45	57.14	1.096 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

Price has moved down 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
16 Wed Oct 2024	55.42	57.55	62.45	54.37	0.738 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 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Teekay Tankers ( (TNK) ) based on a mid to longer term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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

MACD generated a SELL signal for Teekay Tankers in short term and the sell signal is strong.

Teekay Tankers Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green 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 SELL signal in short term and selling is picking up 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 59.18 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 positive

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