TEEKAY CORP LTD (TK) Stock Technical Analysis
NYSE:TK - BMG8726T1053 - Common Stock
8.58 USD
+0.02 (+0.23%)
8.58 USD
0 (0%)
We assign a technical rating of 7 out of 10 to TK. Although TK is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
When comparing the yearly performance of all stocks, TK is a bad performer in the overall market: 75% of all stocks are doing better.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month TK has a been trading in the 7.34 - 8.68 range, which is quite wide. It is currently trading near the high of this range.
TK is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 51% of 210 stocks in the same industry.
TK is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TK is lagging the market.
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
7.33
8.97
When analyzing the support we can see 2 important areas.
- A support zone ranging from 7.66 to 7.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 7.40 to 7.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @8.88 from a trend line in the weekly 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 | 25.13 | NEGATIVE | TK has a low relative strength, it was outperformed by 74.87% 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) | 69.07 | NEUTRAL | The RSI value for TK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests TK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 92.26 | OVERBOUGHT | The high Stochastics value suggests TK may be overbought. |
| Average True Range in percent/ATR (20) | 2.32 | MEDIUM VOLATILITY | The ATR as a percentage value for TK suggests some volalility. |
| Average Directional Index/ADX (14) | 30.61 | POSITIVE | The high ADX value value for TK suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
8.58
+0.02 (+0.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.23%
1 Week5.41%
2 Weeks6.85%
1 Month15.32%
3 Month-4.67%
6 Month32.2%
12 Month-0.69%
2 Year39.06%
3 Year139%
5 Year284.75%
10 Year-71.05%
15 Year-67.9%
Volatility
ATR(14)0.21
ATR(20)%2.32%
ATR Inc4.49%
Range Today0.17
ADR(20)0.19
ADR(20)%2.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS25.13
Mansfield0.29
10 Day High8.68
10 Day Low7.92
20 Day High8.68
20 Day Low7.34
52 Week High9.78
52 Week Low5.65
CS1 End7.78
CR1 Start8.88
Volume & EV
DER(3)1.52%
DER(5)0.73%
Volume565.60K
Volume Incr-20.12%
Vol(5)464.06K
Vol(50)669.61K