TEEKAY TANKERS LTD-CLASS A (TNK) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:TNK • BMG8726X1065
Taking everything into account, TNK scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, TNK has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that TNK is one of the better performing stocks in the market, outperforming 88% of all stocks.
- TNK is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 87% of 207 stocks in the same industry.
- TNK is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month TNK has a been trading in the 51.96 - 65.64 range, which is quite wide. It is currently trading near the high of this range.
TNK has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
52.68
We found 2 important support areas.
- A support zone ranging from 58.69 to 59.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 53.21 to 53.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 65.24 to 65.26. 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 | 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 | 88.04 | POSITIVE | TNK has a high relative strength, it outperformed 88.04% 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) | 72.09 | OVERBOUGHT | The high RSI value suggests TNK may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.45 | POSITIVE | The MACD value suggests TNK has a positive trend. |
| Stochastics (14,3) | 89.06 | OVERBOUGHT | The high Stochastics value suggests TNK may be overbought. |
| Average True Range in percent/ATR (20) | 3.77 | MEDIUM VOLATILITY | The ATR as a percentage value for TNK suggests some volalility. |
| Average Directional Index/ADX (14) | 30.42 | POSITIVE | The high ADX value value for TNK suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 65.27 | 59.34 | 5.93 (9.09%) | 11.01% |
| An entry @65.27. This is a Buy Stop order right above the resistance zone. | An exit @59.34. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 5.93 points, which is 9.09%. | When investing 11.01% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NYSE:TNK (2/3/2026, 2:11:45 PM)
64.41
-0.84 (-1.29%)
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 72.0881. 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 0.445328, 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 59 and a resistance level at 65.26. Check the full technical report for our detailed analysis of TNK support and resistance levels.