TEEKAY TANKERS LTD-CLASS A (TNK) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TNK - BMG8726X1065 - Common Stock
We assign a technical rating of 4 out of 10 to TNK. In the last year, TNK was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
TNK has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 54.00. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 53.16, a Stop Loss order could be placed below this zone.
More info and screens
52.16
We found 1 important support area.
- A support zone ranging from 52.69 to 53.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 54.00 to 55.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @61.52 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 | DOWN | NEGATIVE | The short term trend for TNK is down. |
| ChartMill Relative Strength | 84.25 | POSITIVE | TNK has a high relative strength, it outperformed 84.25% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TNK is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TNK is below a declining 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) | 37.56 | NEUTRAL | The RSI value for TNK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests TNK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 49.03 | NEUTRAL | The Stochastics value for TNK is a neutral value. |
| Average True Range in percent/ATR (20) | 2.42 | MEDIUM VOLATILITY | The ATR as a percentage value for TNK suggests some volalility. |
| Average Directional Index/ADX (14) | 28.39 | POSITIVE | The high ADX value value for TNK suggests a strong trend. |
53.17
-1.23 (-2.26%)
TEEKAY TANKERS LTD-CLASS A / TNK FAQ
What is the ChartMill technical rating of TEEKAY TANKERS LTD-CLASS A (TNK) stock?
ChartMill assigns a technical rating of 4 / 10 to TNK.
Can you provide the trend direction for TEEKAY TANKERS LTD-CLASS A?
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 37.5647. This indicates that the stock is currently neutral.
What is the MACD signal for TEEKAY TANKERS LTD-CLASS A (TNK) stock?
The MACD indicator for TEEKAY TANKERS LTD-CLASS A (TNK) has a value of 0.06569, indicating a bearish trend.
What are the support and resistance levels for TEEKAY TANKERS LTD-CLASS A (TNK) stock?
TEEKAY TANKERS LTD-CLASS A (TNK) has a support level at 53.16 and a resistance level at 54. Check the full technical report for our detailed analysis of TNK support and resistance levels.