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 0 out of 10. TNK's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
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, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
In the last month TNK has a been trading in the 33.35 - 39.97 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.
TNK is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 54% of 212 stocks in the same industry.
Although the technical rating is bad, TNK does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 39.85. Right above this resistance zone may be a good entry point. 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
37.67
42.67
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 39.85 to 39.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @42.25 from a trend line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS25.57
Mansfield-2.08
10 Day High39.97
10 Day Low33.85
20 Day High39.97
20 Day Low33.35
52 Week High74.2
52 Week Low33.35
Performance
1 Week-1.32%
2 Weeks1.33%
1 Month-2.39%
3 Month-4.97%
6 Month-23.93%
12 Month-35.13%
2 Year-6.03%
3 Year137.66%
5 Year87.35%
10 Year-24.5%
15 Year-62.67%
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)
Technical Indicators
MACD(12,26,9)0.28
RSI(14)49.89
LBB34.16
UBB40.67
38.05
-0.98 (-2.51%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-2.51%
1 Week-1.32%
2 Weeks1.33%
1 Month-2.39%
3 Month-4.97%
6 Month-23.93%
12 Month-35.13%
2 Year-6.03%
3 Year137.66%
5 Year87.35%
10 Year-24.5%
15 Year-62.67%
Volatility
ATR(14)2.24
ATR(20)%5.14%
ATR Inc-37.12%
Range Today1.52
ADR(20)1.81
ADR(20)%4.77%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS25.57
Mansfield-2.08
10 Day High39.97
10 Day Low33.85
20 Day High39.97
20 Day Low33.35
52 Week High74.2
52 Week Low33.35
CS1 EndN/A
CR1 Start39.85
Volume & EV
DER(3)5.33%
DER(5)3.63%
Volume443.40K
Volume Incr-21.71%
Vol(5)398.50K
Vol(50)460.83K