TEEKAY TANKERS LTD-CLASS A (TNK) Stock Technical Analysis
NYSE:TNK - New York Stock Exchange, Inc. - BMG8726X1065 - Common Stock - Currency: USD
Overall TNK gets a technical rating of 3 out of 10. TNK performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
When comparing the yearly performance of all stocks, TNK is a bad performer in the overall market: 87% of all stocks are doing better.
TNK is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 77% of 210 stocks in the same industry do better.
In the last month TNK has a been trading in the 41.05 - 45.72 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
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. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 44.13, a Stop Loss order could be placed below this zone.
More info and screens
41.29
48.08
We found 2 important support areas.
- A support zone ranging from 43.76 to 44.13. 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 44.48 to 44.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | 13.88 | NEGATIVE | TNK has a low relative strength, it was outperformed by 86.12% 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) | 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) | 50.24 | NEUTRAL | The RSI value for TNK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests TNK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 72.07 | NEUTRAL | The Stochastics value for TNK is a neutral value. |
| Average True Range in percent/ATR (20) | 2.99 | MEDIUM VOLATILITY | The ATR as a percentage value for TNK suggests some volalility. |
| Average Directional Index/ADX (14) | 11.37 | 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)
44.17
-0.7 (-1.56%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-1.56%
1 Week0.25%
2 Weeks0.2%
1 Month1.56%
3 Month4.4%
6 Month10.31%
12 Month-29.45%
2 Year1.28%
3 Year111.64%
5 Year195.06%
10 Year-23%
15 Year-58.61%
Volatility
ATR(14)1.25
ATR(20)%2.99%
ATR Inc-33%
Range Today1.04
ADR(20)1.26
ADR(20)%2.85%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.88
Mansfield-1.17
10 Day High45.5
10 Day Low43.06
20 Day High45.72
20 Day Low41.05
52 Week High65.89
52 Week Low33.35
CS1 End44.13
CR1 Start44.48
Volume & EV
DER(3)1.37%
DER(5)0.46%
Volume202.30K
Volume Incr-49.17%
Vol(5)260.78K
Vol(50)470.64K