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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 332160

Date	Daily Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	55.52	57.16	57.16	55.50	0.803 times
17 Wed Apr 2024	57.29	57.66	58.35	56.96	0.72 times
16 Tue Apr 2024	57.38	57.50	57.68	56.40	0.669 times
15 Mon Apr 2024	57.51	57.60	58.79	57.31	0.847 times
12 Fri Apr 2024	57.68	59.40	59.90	57.31	1.095 times
11 Thu Apr 2024	58.84	57.20	59.27	57.12	1.438 times
10 Wed Apr 2024	56.36	55.65	56.63	55.65	0.891 times
09 Tue Apr 2024	55.59	57.72	57.81	55.39	1.993 times
08 Mon Apr 2024	57.78	58.85	58.85	57.39	0.691 times
05 Fri Apr 2024	58.86	59.59	59.96	58.86	0.801 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 56.4, but if it comes above 56.4, then a intra day buy could be more profitable.
If you take a sell trade below 56.4, then use 56.4 as stoploss and 54.7 as target. However if you take a buy trade in stock , then use 56.4 as stoploss and 57.9 as target.

Share price targets for Teekay Tankers (TNK)

Target Type	Value
Downside Target	46.25
Downside Target	50.41
Downside Target	52.01
Downside Target	54.17
Upside Target	57.89
Upside Target	58.59
Upside Target	58.79
Upside Target	59.90
Upside Target	61.76
Upside Target	63.22
Upside Target	64.42

Intraday share price targets for Teekay Tankers (TNK)

Target Type	Value
Downside Intraday Target	54.42
Downside Intraday Target	53.31
Upside Intraday Target	57.71
Upside Intraday Target	59.89
Upside Intraday Target	56.6

Weekly technical analysis of Teekay Tankers (TNK)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	55.52	57.60	58.79	55.50	0.497 times
12 Fri Apr 2024	57.68	58.85	59.90	55.39	1.113 times
05 Fri Apr 2024	58.86	58.62	61.76	58.59	1.693 times
28 Thu Mar 2024	58.41	57.09	58.43	56.52	0.555 times
22 Fri Mar 2024	56.92	55.90	57.89	54.17	1.073 times

Price has moved down 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
18 Thu Apr 2024	55.52	58.62	61.76	55.39	0.675 times
28 Thu Mar 2024	58.41	54.81	58.43	52.51	0.647 times
29 Thu Feb 2024	54.82	62.68	64.42	52.01	1.016 times
31 Wed Jan 2024	62.55	50.94	63.22	50.41	1.217 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Teekay Tankers ( (TNK) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Teekay Tankers ( (TNK) ) based on a short to mid 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.

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 losing momentum.

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

Teekay Tankers Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Teekay Tankers in short term and SELL 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

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 57.18 and Teekay Tankers (TNK) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative 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.