TEEKAY CORP LTD (TK) Stock Technical Analysis
USA - NYSE:TK - BMG8726T1053 - Common Stock
Overall TK gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, TK is showing a nice and steady performance.
Although TK has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
8.18
When analyzing the support we can see 2 important areas.
- Support @8.45 from a trend line in the weekly time frame.
- Support @8.26 from a trend line in the daily 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 | UP | POSITIVE | The long term trend for TK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TK is up. |
| ChartMill Relative Strength | 89 | POSITIVE | TK has a high relative strength, it outperformed 89% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TK is above 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) | 73.01 | OVERBOUGHT | The high RSI value suggests TK may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests TK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.1 | OVERBOUGHT | The high Stochastics value suggests TK may be overbought. |
| Average True Range in percent/ATR (20) | 2.96 | MEDIUM VOLATILITY | The ATR as a percentage value for TK suggests some volalility. |
| Average Directional Index/ADX (14) | 35.11 | POSITIVE | The high ADX value value for TK suggests a strong trend. |
10.05
+0.02 (+0.2%)
TEEKAY CORP LTD / TK FAQ
What is the technical rating for TK stock?
ChartMill assigns a technical rating of 9 / 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 73.0096. This indicates that the stock is currently overbought.
What is the MACD signal for TEEKAY CORP LTD (TK) stock?
The MACD indicator for TEEKAY CORP LTD (TK) has a value of 0.0330536, indicating a bearish trend.
What is the short term momentum for TK stock?
The short term momentum for TEEKAY CORP LTD (TK) is positive.