TEEKAY CORP LTD (TK) Stock Technical Analysis
NYSE:TK - New York Stock Exchange, Inc. - BMG8726T1053 - Common Stock - Currency: USD
Overall TK gets a technical rating of 0 out of 10. TK scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
83% of all other stocks performed better in the past year than TK.
TK is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 66% of 209 stocks in the same industry do better.
In the last month TK has a been trading in the 7.12 - 7.85 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
TK is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TK is lagging the market.
TK has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 7.22, a Stop Loss order could be placed below this zone.
More info and screens
7.12
9.01
2 important support areas can be observed.
- A support zone ranging from 7.42 to 7.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 7.19 to 7.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @7.80 from a horizontal line in the daily time frame.
- Resistance @8.92 from a trend line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for TK is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TK is down. |
| ChartMill Relative Strength | 17.76 | NEGATIVE | TK has a low relative strength, it was outperformed by 82.24% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of TK is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TK is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of TK is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.08 | NEUTRAL | The RSI value for TK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests TK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 47.58 | NEUTRAL | The Stochastics value for TK is a neutral value. |
| Average True Range in percent/ATR (20) | 3.08 | MEDIUM VOLATILITY | The ATR as a percentage value for TK suggests some volalility. |
| Average Directional Index/ADX (14) | 16.49 | NEGATIVE | The low ADX value for TK suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
7.55
+0.14 (+1.89%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg1.89%
1 Week-1.33%
2 Weeks-4.88%
1 Month-0.67%
3 Month-11.04%
6 Month10.43%
12 Month-8.18%
2 Year15.6%
3 Year112.32%
5 Year190.59%
10 Year-79.84%
15 Year-69.52%
Volatility
ATR(14)0.24
ATR(20)%3.08%
ATR Inc-12.03%
Range Today0.12
ADR(20)0.21
ADR(20)%2.81%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.76
Mansfield-1.03
10 Day High7.8
10 Day Low7.34
20 Day High7.85
20 Day Low7.12
52 Week High9.78
52 Week Low5.65
CS1 End7.22
CR1 Start7.42
Volume & EV
DER(3)-2.96%
DER(5)-4.41%
Volume509.34K
Volume Incr-11.88%
Vol(5)609.24K
Vol(50)821.27K