TEEKAY TANKERS LTD-CLASS A (TNK)

MHY8565N3002 - Common Stock

60.35  +2.74 (+4.76%)

Technical Rating and Analysis

8

Overall TNK gets a technical rating of 8 out of 10. 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.

The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When comparing the yearly performance of all stocks, we notice that TNK is one of the better performing stocks in the market, outperforming 87% of all stocks. We also observe that the gains produced by TNK over the past year are nicely spread over this period.
TNK is part of the Oil, Gas & Consumable Fuels industry. There are 214 other stocks in this industry. TNK outperforms 74% of them.
TNK is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so TNK is performing more or less in line with the market.
In the last month TNK has a been trading in the 55.21 - 60.95 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Weekly and Daily overview Charts
TNK Weekly chart
TNK Daily chart
Setup Rating and Analysis

3

Although TNK 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.

Support and Resistance Analysis

49.68

63.19

4 important support areas can be observed.

  • A support zone ranging from 56.50 to 57.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @55.59 from a horizontal line in the daily time frame.
  • A support zone ranging from 53.10 to 54.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @50.18 from a trend line in the weekly time frame.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 62.55 to 62.56. This zone is formed by a combination of multiple trend lines in the daily time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.59
Mansfield1.08
10 Day High59.21
10 Day Low55.21
20 Day High60.95
20 Day Low55.21
52 Week High64.42
52 Week Low35
Performance
1 Week1.78%
2 Weeks0.56%
1 Month-5.45%
3 Month-2.36%
6 Month8.72%
12 Month52.93%
2 Year178.98%
3 Year283.3%
5 Year542.97%
10 Year98.93%
15 Year-41.6%
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)
Technical Indicators
MACD(12,26,9)0.06
RSI(14)51.18
LBB55.51
UBB59.13
TNK Daily chart

TEEKAY TANKERS LTD-CLASS A

NYSE:TNK (5/2/2024, 2:08:57 PM)

60.35

+2.74 (+4.76%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg4.76%
1 Week1.78%
2 Weeks0.56%
1 Month-5.45%
3 Month-2.36%
6 Month8.72%
12 Month52.93%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.45
ATR(20)%2.68%
ATR Inc
Range Today2.6
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High59.21
10 Day Low55.21
20 Day High60.95
20 Day Low55.21
52 Week High64.42
52 Week Low35
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume244.24K
Volume Incr-28.84%
Vol(5)231.82K
Vol(50)386.24K