TEEKAY TANKERS LTD-CLASS A (TNK) Stock Technical Analysis
NYSE:TNK - New York Stock Exchange, Inc. - BMG8726X1065 - Common Stock - Currency: USD
Taking everything into account, TNK scores 5 out of 10 in our technical rating. TNK has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
When comparing the yearly performance of all stocks, TNK is a bad performer in the overall market: 75% of all stocks are doing better.
TNK is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so TNK is lagging the market.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
TNK is part of the Oil, Gas & Consumable Fuels industry. There are 213 other stocks in this industry, TNK did better than 50% of them.
In the last month TNK has a been trading in the 41.51 - 47.31 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, TNK does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 46.33. Right above this resistance zone may be a good entry point.
More info and screens
42.86
47.78
We found 1 important support area.
- Support @43.29 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 46.33 to 47.31. 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 | NEUTRAL | NEUTRAL | The long term trend for TNK is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TNK is neutral. |
| ChartMill Relative Strength | 25.02 | NEGATIVE | TNK has a low relative strength, it was outperformed by 74.98% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of TNK is below 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) | DOWN | NEGATIVE | The current price of TNK is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.35 | NEUTRAL | The RSI value for TNK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.36 | NEGATIVE | The MACD value suggests TNK has a negative trend. |
| Stochastics (14,3) | 28.58 | NEUTRAL | The Stochastics value for TNK is a neutral value. |
| Average True Range in percent/ATR (20) | 3.52 | MEDIUM VOLATILITY | The ATR as a percentage value for TNK suggests some volalility. |
| Average Directional Index/ADX (14) | 24.04 | NEUTRAL | The ADX value for TNK suggests a possible start of a new 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)
44.53
+1.23 (+2.84%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg2.84%
1 Week-4.91%
2 Weeks-1.7%
1 Month5.25%
3 Month10.99%
6 Month6.71%
12 Month-38.58%
2 Year23.25%
3 Year115.64%
5 Year156.21%
10 Year-17.54%
15 Year-49.17%
Volatility
ATR(14)1.52
ATR(20)%3.52%
ATR Inc3.74%
Range Today1.37
ADR(20)1.45
ADR(20)%3.26%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS25.02
Mansfield-1.18
10 Day High47.06
10 Day Low43.2
20 Day High47.31
20 Day Low41.51
52 Week High74.2
52 Week Low33.35
CS1 End43.29
CR1 Start46.33
Volume & EV
DER(3)0.18%
DER(5)1.03%
Volume278.70K
Volume Incr-41.83%
Vol(5)379.50K
Vol(50)538.49K