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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 2024-02-22 View latest technical analysis

10 day averaged volume of Teekay Tankers is 415420

Date	Daily Closing Price	Open	High	Low	Volume
22 Thu Feb 2024	54.78	56.62	56.62	52.01	4.65 times
21 Wed Feb 2024	57.94	57.17	59.25	56.65	1.192 times
20 Tue Feb 2024	57.08	57.81	57.92	57.00	0.951 times
16 Fri Feb 2024	58.22	59.28	59.90	58.21	0.628 times
15 Thu Feb 2024	58.98	57.47	59.15	56.75	0.832 times
14 Wed Feb 2024	57.68	58.53	58.57	56.72	0.971 times
13 Tue Feb 2024	58.04	59.06	59.25	57.52	0.93 times
12 Mon Feb 2024	59.13	57.59	59.77	57.59	1.103 times
09 Fri Feb 2024	57.44	57.80	58.19	57.01	0.8 times
08 Thu Feb 2024	58.03	57.18	58.25	56.60	1.351 times

Stock of Teekay Tankers (TNK) has showed a significant fall. This could be a good time to exit from this stock.

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 54.7, for a target of 56.8 or 58.65

Share price targets for Teekay Tankers (TNK)

Target Type	Value
Downside Target	37.20
Downside Target	46.25
Downside Target	48.26
Downside Target	49.89
Downside Target	52.01
Downside Target	54.11
Upside Target	56.72
Upside Target	59.25
Upside Target	59.68
Upside Target	59.90
Upside Target	60.69
Upside Target	63.22
Upside Target	64.42

Intraday share price targets for Teekay Tankers (TNK)

Target Type	Value
Downside Intraday Target	51.44
Downside Intraday Target	48.11
Upside Intraday Target	58.68
Upside Intraday Target	62.59
Upside Intraday Target	55.35

Weekly technical analysis of Teekay Tankers (TNK)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Thu Feb 2024	54.78	57.81	59.25	52.01	1.522 times
16 Fri Feb 2024	58.22	57.59	59.90	56.72	0.8 times
09 Fri Feb 2024	57.44	58.94	59.68	55.55	0.708 times
02 Fri Feb 2024	59.00	61.00	64.42	57.39	1.557 times
26 Fri Jan 2024	60.50	59.05	60.69	57.52	0.92 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Teekay Tankers (TNK)

Date	Monthly Closing Price	Open	High	Low	Volume
22 Thu Feb 2024	54.78	62.68	64.42	52.01	0.777 times
31 Wed Jan 2024	62.55	50.94	63.22	50.41	1.217 times
29 Fri Dec 2023	49.97	49.67	54.99	46.25	0.897 times
30 Thu Nov 2023	49.69	50.00	54.11	48.26	0.999 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 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 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 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 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 SELL. Signal strength is Strong and stock is gaining momentum.

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

Teekay Tankers Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 56.93 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.