TEEKAY CORP LTD (TK) Stock Technical Analysis
NYSE:TK • BMG8726T1053
We assign a technical rating of 10 out of 10 to TK. Both in the recent history as in the last year, TK has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, TK did better than 93% of all other stocks. On top of that, TK also shows a nice and consistent pattern of rising prices.
- TK is part of the Oil, Gas & Consumable Fuels industry. There are 207 other stocks in this industry. TK outperforms 89% of them.
- A new 52 week high is currently being made by TK, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month TK has a been trading in the 9.94 - 13.02 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although TK has an excellent technical rating, it does not offer a high quality setup 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
9.06
When analyzing the support we can see 3 important areas.
- Support @11.14 from a trend line in the daily time frame.
- Support @9.43 from a trend line in the weekly time frame.
- Support @9.15 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 | 93.81 | POSITIVE | TK has a high relative strength, it outperformed 93.81% 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) | 81.82 | OVERBOUGHT | The high RSI value suggests TK may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests TK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 98.1 | OVERBOUGHT | The high Stochastics value suggests TK may be overbought. |
| Average True Range in percent/ATR (20) | 3.37 | MEDIUM VOLATILITY | The ATR as a percentage value for TK suggests some volalility. |
| Average Directional Index/ADX (14) | 56.21 | POSITIVE | The high ADX value value for TK suggests a strong trend. |
12.95
+0.06 (+0.47%)
TEEKAY CORP LTD / TK FAQ
What is the technical rating for TK stock?
ChartMill assigns a technical rating of 10 / 10 to TK.
What is the current trend direction of TEEKAY CORP LTD (TK) stock?
The current trend direction for TEEKAY CORP LTD (TK) is Bullish.
What is the RSI signal for TEEKAY CORP LTD (TK) stock?
TEEKAY CORP LTD (TK) has an RSI value of 81.8197. This indicates that the stock is currently overbought.
Can you provide the MACD signal for TEEKAY CORP LTD?
The MACD indicator for TEEKAY CORP LTD (TK) has a value of 0.140404, indicating a bearish trend.
What is the buy/sell signal for TEEKAY CORP LTD (TK) stock?
The buy/sell signal for TEEKAY CORP LTD (TK) is buy as both the short term and long term trends are positive.