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(TNK) Teekay Tankers complete technical analysis [charts+indicators] | Buy/Sell Teekay Tankers | (TNK) share price targets

Complete technical analysis of Teekay Tankers (TNK) by charts plus indicators, forecast predictions and share price targets for Teekay Tankers (TNK)

Teekay Tankers trades in USA in Consumer Services sector.

Showing technical analysis as on 2024-09-23 View latest technical analysis

10 day averaged volume of Teekay Tankers is 274540

Date	Daily Closing Price	Open	High	Low	Volume
23 Mon Sep 2024	56.11	56.07	56.37	55.38	1.197 times
20 Fri Sep 2024	55.77	56.20	56.62	55.15	2.281 times
19 Thu Sep 2024	57.07	57.00	57.41	56.31	0.658 times
18 Wed Sep 2024	55.83	56.18	56.94	55.53	0.908 times
17 Tue Sep 2024	56.15	56.51	56.56	55.51	0.785 times
16 Mon Sep 2024	56.21	55.30	56.40	55.12	0.857 times
13 Fri Sep 2024	55.11	55.60	56.60	55.09	0.759 times
12 Thu Sep 2024	55.06	54.39	55.75	53.77	1.041 times
11 Wed Sep 2024	53.96	52.94	54.00	52.68	0.842 times
10 Tue Sep 2024	52.85	54.11	54.11	52.13	0.928 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 56.5 as stoploss in an intra day sell trade for a target of 55.21. However, stock will show a bullish move above 56.5.

Share price targets for Teekay Tankers (TNK)

Target Type	Value
Downside Target	52.13
Downside Target	55.12
Upside Target	57.31
Upside Target	57.41
Upside Target	61.56
Upside Target	64.91
Upside Target	65.00
Upside Target	70.00
Upside Target	74.00
Upside Target	74.20

Intraday share price targets for Teekay Tankers (TNK)

Target Type	Value
Downside Intraday Target	55.54
Downside Intraday Target	54.96
Upside Intraday Target	56.53
Upside Intraday Target	56.94
Downside Intraday Target	55.95

Weekly technical analysis of Teekay Tankers (TNK)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Mon Sep 2024	56.11	56.07	56.37	55.38	0.218 times
20 Fri Sep 2024	55.77	55.30	57.41	55.12	1.217 times
13 Fri Sep 2024	55.11	53.67	56.60	52.13	1.227 times
06 Fri Sep 2024	53.40	56.01	56.33	53.07	4.282 times
30 Fri Aug 2024	56.88	56.39	57.28	56.21	0.214 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Teekay Tankers (TNK)

Date	Monthly Closing Price	Open	High	Low	Volume
23 Mon Sep 2024	56.11	56.01	57.41	52.13	0.588 times
30 Fri Aug 2024	56.88	63.55	65.00	52.78	1.212 times
31 Wed Jul 2024	65.44	68.70	70.00	61.56	0.947 times
28 Fri Jun 2024	68.81	73.42	74.00	64.91	0.813 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Teekay Tankers (TNK)

Price action analysis of Teekay Tankers ( (TNK) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Teekay Tankers ( (TNK) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Teekay Tankers ( (TNK) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Teekay Tankers ( (TNK) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Teekay Tankers stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Teekay Tankers in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Teekay Tankers Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Teekay Tankers in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Teekay Tankers is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 55.43 and Teekay Tankers (TNK) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Teekay Tankers (TNK) stock. Volume based technical analysis of Teekay Tankers (TNK) stock is negative.

Teekay Tankers Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.