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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 2024-03-19 View latest technical analysis

10 day averaged volume of Teekay Tankers is 371520

Date	Daily Closing Price	Open	High	Low	Volume
19 Tue Mar 2024	55.90	55.58	56.65	55.22	0.777 times
18 Mon Mar 2024	55.52	55.90	55.91	54.69	1.207 times
15 Fri Mar 2024	55.75	55.29	56.03	54.87	1.742 times
14 Thu Mar 2024	55.11	53.67	55.21	53.32	0.964 times
13 Wed Mar 2024	53.88	53.54	54.24	53.02	0.648 times
12 Tue Mar 2024	53.11	53.50	53.87	52.93	0.701 times
11 Mon Mar 2024	53.28	53.59	53.59	52.51	0.815 times
08 Fri Mar 2024	53.78	53.85	54.74	53.43	0.958 times
07 Thu Mar 2024	53.79	54.23	54.63	53.42	0.918 times
06 Wed Mar 2024	54.14	54.30	54.87	53.61	0.983 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 55.7, but if it comes below 55.7, then a intra day sell could be more profitable.
If you take a sell trade below 55.7, then use 55.7 as stoploss and 54.65 as target. However if you take a buy trade in stock , then use 55.7 as stoploss and 57.1 as target.

Share price targets for Teekay Tankers (TNK)

Target Type	Value
Downside Target	46.25
Downside Target	48.26
Downside Target	50.41
Downside Target	52.01
Downside Target	55.40
Upside Target	56.03
Upside Target	56.13
Upside Target	56.65
Upside Target	59.25
Upside Target	63.22
Upside Target	64.42

Intraday share price targets for Teekay Tankers (TNK)

Target Type	Value
Downside Intraday Target	54.84
Downside Intraday Target	53.79
Upside Intraday Target	56.8
Upside Intraday Target	57.71
Downside Intraday Target	55.75

Weekly technical analysis of Teekay Tankers (TNK)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Tue Mar 2024	55.90	55.90	56.65	54.69	0.407 times
15 Fri Mar 2024	55.75	53.59	56.03	52.51	0.952 times
08 Fri Mar 2024	53.78	54.89	55.40	53.09	0.823 times
01 Fri Mar 2024	54.74	54.23	56.13	54.00	0.64 times
23 Fri Feb 2024	54.03	57.81	59.25	52.01	1.946 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
19 Tue Mar 2024	55.90	54.81	56.65	52.51	0.442 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
29 Fri Dec 2023	49.97	49.67	54.99	46.25	0.897 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 neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Teekay Tankers stock for short term is BUY. 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 54.6 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.