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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.

10 day averaged volume of Teekay Tankers is 290090

Date	Daily Closing Price	Open	High	Low	Volume
29 Fri Sep 2023	41.63	42.50	42.50	41.30	1.093 times
28 Thu Sep 2023	42.40	41.67	42.43	40.90	0.985 times
27 Wed Sep 2023	41.68	41.94	42.74	41.60	1.018 times
26 Tue Sep 2023	41.50	40.61	42.55	40.61	1.38 times
25 Mon Sep 2023	40.81	40.15	40.94	39.85	0.825 times
22 Fri Sep 2023	40.28	39.84	40.72	39.81	1.098 times
21 Thu Sep 2023	39.58	39.20	39.98	38.86	0.795 times
20 Wed Sep 2023	39.00	39.02	39.76	39.00	0.806 times
19 Tue Sep 2023	38.93	39.94	40.07	38.60	0.832 times
18 Mon Sep 2023	39.59	38.48	40.03	38.48	1.096 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 41, but if it comes below 41, then a intra day sell could be more profitable.
If you take a sell trade below 41, then use 41 as stoploss and 39.73 as target. However if you take a buy trade in stock , then use 41 as stoploss and 42.5 as target.

Share price targets for Teekay Tankers (TNK)

Target Type	Value
Downside Target	35.00
Downside Target	36.54
Downside Target	38.06
Downside Target	39.85
Downside Target	40.72
Downside Target	40.80
Downside Target	41.50
Upside Target	42.74
Upside Target	43.75
Upside Target	46.23
Upside Target	46.36

Intraday share price targets for Teekay Tankers (TNK)

Target Type	Value
Downside Intraday Target	40.07
Downside Intraday Target	38.52
Upside Intraday Target	42.96
Upside Intraday Target	44.3
Downside Intraday Target	41.41

Weekly technical analysis of Teekay Tankers (TNK)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Fri Sep 2023	41.63	40.15	42.74	39.85	1.146 times
22 Fri Sep 2023	40.28	38.48	40.72	38.48	3.971 times
15 Fri Sep 2023	38.48	38.65	38.99	38.27	0.224 times
15 Fri Sep 2023	38.48	40.77	40.80	38.06	0.982 times
08 Fri Sep 2023	40.61	40.60	41.50	38.17	3.786 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
29 Fri Sep 2023	41.63	41.08	42.74	38.06	0.757 times
31 Thu Aug 2023	40.68	43.60	46.36	40.40	1.17 times
31 Mon Jul 2023	43.61	38.50	43.75	36.54	0.859 times
30 Fri Jun 2023	38.23	36.20	38.89	35.00	0.775 times

Scroll below to view daily charts

Price has moved up 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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

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

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

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 coming down

CCI has generated a SELL signal for Teekay Tankers in short term but SELL signal is weak.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 40.65 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 negative.

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