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 3 out of 10 in our technical rating. In the last year, TNK was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
When comparing the yearly performance of all stocks, TNK is a bad performer in the overall market: 86% of all stocks are doing better.
TNK is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 72% of 209 stocks in the same industry do better.
In the last month TNK has a been trading in the 41.77 - 47.05 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
TNK is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TNK is lagging the market.
TNK has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 44.21, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for TNK in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
41.29
48.08
2 important support areas can be observed.
- A support zone ranging from 43.43 to 44.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 41.71 to 42.30. 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 44.37 to 44.76. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 47.31 to 47.60. 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 | 14.56 | NEGATIVE | TNK has a low relative strength, it was outperformed by 85.44% 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) | DOWN | NEGATIVE | The current price of TNK is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of TNK is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.94 | NEUTRAL | The RSI value for TNK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests TNK has a negative trend. |
| Stochastics (14,3) | 50.32 | NEUTRAL | The Stochastics value for TNK is a neutral value. |
| Average True Range in percent/ATR (20) | 3.4 | MEDIUM VOLATILITY | The ATR as a percentage value for TNK suggests some volalility. |
| Average Directional Index/ADX (14) | 13.98 | NEGATIVE | The low ADX value for TNK suggests a weak or negative 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)
44.35
+0.29 (+0.66%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.66%
1 Week-0.63%
2 Weeks4.11%
1 Month0.66%
3 Month-5.3%
6 Month9.7%
12 Month-23.34%
2 Year9.02%
3 Year80.28%
5 Year253.67%
10 Year-5.72%
15 Year-52%
Volatility
ATR(14)1.72
ATR(20)%3.4%
ATR Inc-30.56%
Range Today0.82
ADR(20)1.42
ADR(20)%3.19%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.56
Mansfield-0.98
10 Day High47.05
10 Day Low42.88
20 Day High47.05
20 Day Low41.77
52 Week High62.45
52 Week Low33.35
CS1 End44.21
CR1 Start44.37
Volume & EV
DER(3)9.99%
DER(5)6.69%
Volume572.40K
Volume Incr50.85%
Vol(5)713.46K
Vol(50)532.06K