TEEKAY TANKERS LTD-CLASS A (TNK)

MHY8565N3002 - Common Stock

37.51  +0.3 (+0.81%)

After market: 37.51 0 (0%)

Technical Rating and Analysis

0

We assign a technical rating of 0 out of 10 to TNK. TNK scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
90% of all other stocks performed better in the past year than TNK.
TNK is part of the Oil, Gas & Consumable Fuels industry. There are 205 other stocks in this industry, of which 83% are performing better than TNK.
TNK is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so TNK is lagging the market.
TNK is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Weekly and Daily overview Charts
TNK Weekly chart
TNK Daily chart
Setup Rating and Analysis

7

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 very little resistance above the current price. 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.
Support and Resistance Analysis

36.80

57.84

We found 1 important support area.

  • A support zone ranging from 37.17 to 37.50. This zone is formed by a combination of multiple trend lines in multiple time frames.

4 important resistance areas can be observed.

  • Resistance @41.66 from a horizontal line in the daily time frame.
  • Resistance @53.96 from a trend line in the weekly time frame.
  • Resistance @55.22 from a trend line in the daily time frame.
  • Resistance @57.27 from a trend line in the daily time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.04
Mansfield-4.04
10 Day High40
10 Day Low36.04
20 Day High42.27
20 Day Low36.04
52 Week High74.2
52 Week Low36.04
Performance
1 Week-1.45%
2 Weeks-3.25%
1 Month-10.39%
3 Month-32.74%
6 Month-46.15%
12 Month-31.09%
2 Year21.75%
3 Year244.13%
5 Year56.49%
10 Year-7.34%
15 Year-45.03%
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)0.19
RSI(14)29.44
LBB36.22
UBB41.16
TNK Daily chart

TEEKAY TANKERS LTD-CLASS A

NYSE:TNK (12/20/2024, 8:04:00 PM)

After market: 37.51 0 (0%)

37.51

+0.3 (+0.81%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.81%
1 Week-1.45%
2 Weeks-3.25%
1 Month-10.39%
3 Month-32.74%
6 Month-46.15%
12 Month-31.09%
2 Year21.75%
3 Year244.13%
5 Year56.49%
10 Year-7.34%
15 Year-45.03%
Volatility
ATR(14)1.43
ATR(20)%3.53%
ATR Inc-4.49%
Range Today1.26
ADR(20)1.28
ADR(20)%3.42%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.04
Mansfield-4.04
10 Day High40
10 Day Low36.04
20 Day High42.27
20 Day Low36.04
52 Week High74.2
52 Week Low36.04
CS1 End37.5
CR1 Start41.66
Volume & EV
DER(3)5.24%
DER(5)4.23%
Volume564.60K
Volume Incr38.46%
Vol(5)483.06K
Vol(50)376.09K