TEEKAY CORP LTD (TK) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TK - BMG8726T1053 - Common Stock
Taking everything into account, TK scores 7 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Besides having an excellent technical rating, TK also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price.
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7.81
When analyzing the support we can see 3 important areas.
- Support @8.77 from a trend line in the weekly time frame.
- Support @8.54 from a trend line in the daily time frame.
- A support zone ranging from 7.89 to 7.96. This zone is formed by a combination of multiple trend lines 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 | 87.41 | POSITIVE | TK has a high relative strength, it outperformed 87.41% 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 | 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) | 41.94 | NEUTRAL | The RSI value for TK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests TK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 9.52 | OVERSOLD | The low Stochastics value suggests TK may be oversold. |
| Average True Range in percent/ATR (20) | 3.45 | MEDIUM VOLATILITY | The ATR as a percentage value for TK suggests some volalility. |
| Average Directional Index/ADX (14) | 23.71 | NEUTRAL | The ADX value for TK suggests a possible start of a new 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 |
|---|---|---|---|
| 9.44 | 9.09 | 0.35 (3.69%) | 25.00% |
| An entry @9.44. This is a Buy Stop order right above the 10 day moving average. | An exit @9.09. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.35 points, which is 3.69%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.92%. |
- The distance between exit and entry is rather small compared to the average daily movement of TK. Please evaluate whether better entry and exit points can be found.
- 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.
9.24
+0.05 (+0.54%)
TEEKAY CORP LTD / TK FAQ
What is the technical rating for TK stock?
ChartMill assigns a technical rating of 7 / 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 41.9433. 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 -0.11338, indicating a bearish trend.
What is the short term momentum for TK stock?
The short term momentum for TEEKAY CORP LTD (TK) is negative.