TEEKAY CORP LTD (TK) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TK - BMG8726T1053 - Common Stock
Taking everything into account, TK scores 6 out of 10 in our technical rating. In the last year, TK was one of the better performers, but we do observe some doubts in the very recent evolution.
TK has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
7.81
We found 4 important support areas.
- Support @9.13 from a horizontal line in the weekly time frame.
- Support @8.85 from a trend line in the weekly time frame.
- Support @8.58 from a trend line in the daily time frame.
- Support @7.89 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 9.18 to 9.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | UP | POSITIVE | The long term trend for TK is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TK is down. |
| ChartMill Relative Strength | 87.13 | POSITIVE | TK has a high relative strength, it outperformed 87.13% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TK is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of TK is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.39 | NEUTRAL | The RSI value for TK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests TK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 9 | OVERSOLD | The low Stochastics value suggests TK may be oversold. |
| Average True Range in percent/ATR (20) | 3.27 | MEDIUM VOLATILITY | The ATR as a percentage value for TK suggests some volalility. |
| Average Directional Index/ADX (14) | 23.49 | NEUTRAL | The ADX value for TK suggests a possible start of a new trend. |
9.14
-0.13 (-1.4%)
TEEKAY CORP LTD / TK FAQ
What is the technical rating for TK stock?
ChartMill assigns a technical rating of 6 / 10 to TK.
Can you provide the trend direction for TEEKAY CORP LTD?
The current trend direction for TEEKAY CORP LTD (TK) is Bullish.
Can you provide the RSI signal for TEEKAY CORP LTD?
TEEKAY CORP LTD (TK) has an RSI value of 40.3886. This indicates that the stock is currently neutral.
What is the MACD signal for TEEKAY CORP LTD (TK) stock?
The MACD indicator for TEEKAY CORP LTD (TK) has a value of -0.0875808, indicating a bearish trend.
What is the short term momentum for TK stock?
The short term momentum for TEEKAY CORP LTD (TK) is negative.