TEEKAY TANKERS LTD-CLASS A (TNK) Stock Technical Analysis
NYSE:TNK • BMG8726X1065
We assign a technical rating of 10 out of 10 to TNK. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, TNK is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, TNK did better than 94% of all other stocks. We also observe that the gains produced by TNK over the past year are nicely spread over this period.
- TNK is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 90% of 207 stocks in the same industry.
- A new 52 week high is currently being made by TNK, 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 TNK has a been trading in the 62.31 - 78.68 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although TNK has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
52.55
We found 3 important support areas.
- A support zone ranging from 78.26 to 78.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 54.75 to 54.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @53.08 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 TNK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TNK is up. |
| ChartMill Relative Strength | 94.48 | POSITIVE | TNK has a high relative strength, it outperformed 94.48% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TNK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TNK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TNK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 80.44 | OVERBOUGHT | The high RSI value suggests TNK may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.51 | POSITIVE | The MACD value suggests TNK has a positive trend. |
| Stochastics (14,3) | 97.42 | OVERBOUGHT | The high Stochastics value suggests TNK may be overbought. |
| Average True Range in percent/ATR (20) | 3.07 | MEDIUM VOLATILITY | The ATR as a percentage value for TNK suggests some volalility. |
| Average Directional Index/ADX (14) | 45.05 | POSITIVE | The high ADX value value for TNK suggests a strong trend. |
NYSE:TNK (3/2/2026, 3:08:02 PM)
78.39
+0.37 (+0.47%)
TEEKAY TANKERS LTD-CLASS A / TNK FAQ
What is the technical rating for TNK stock?
ChartMill assigns a technical rating of 10 / 10 to TNK.
What is the current trend direction of TEEKAY TANKERS LTD-CLASS A (TNK) stock?
The current trend direction for TEEKAY TANKERS LTD-CLASS A (TNK) is Bullish.
What is the RSI signal for TEEKAY TANKERS LTD-CLASS A (TNK) stock?
TEEKAY TANKERS LTD-CLASS A (TNK) has an RSI value of 80.4443. This indicates that the stock is currently overbought.
What is the MACD signal for TNK stock?
The MACD indicator for TEEKAY TANKERS LTD-CLASS A (TNK) has a value of 0.508, indicating a bearish trend.
Can you provide the support and resistance levels for TEEKAY TANKERS LTD-CLASS A?
TEEKAY TANKERS LTD-CLASS A (TNK) has a support level at 54.99. Check the full technical report for our detailed analysis of TNK support and resistance levels.