TEEKAY CORP LTD (TK) Stock Technical Analysis
USA - NYSE:TK - BMG8726T1053 - Common Stock
We assign a technical rating of 9 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.
Although TK has an excellent technical rating, the quality of the presented setup is not ideal 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
8.16
When analyzing the support we can see 2 important areas.
- Support @8.45 from a trend line in the weekly time frame.
- Support @8.24 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 | 89.02 | POSITIVE | TK has a high relative strength, it outperformed 89.02% 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) | 72.7 | OVERBOUGHT | The high RSI value suggests TK may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests TK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.71 | 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) | 34.51 | POSITIVE | The high ADX value value for TK suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 10.28 | 9.27 | 1.01 (9.78%) | 10.22% |
| An entry @10.28. This is a Buy Stop order right above the 10 day high. | An exit @9.27. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.01 points, which is 9.78%. | For a 1.00% total portfolio risk, you can invest 10.22% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
10.03
+0.08 (+0.8%)
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 72.7018. 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 0.0392361, indicating a bearish trend.
What is the short term momentum for TK stock?
The short term momentum for TEEKAY CORP LTD (TK) is positive.