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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 2024-12-17 View latest technical analysis

10 day averaged volume of Teekay Tankers is 317911

Date	Daily Closing Price	Open	High	Low	Volume
17 Tue Dec 2024	37.84	36.80	38.08	36.04	1.781 times
16 Mon Dec 2024	37.18	37.52	37.67	36.90	1.167 times
13 Fri Dec 2024	38.06	38.07	38.31	37.35	1.476 times
12 Thu Dec 2024	38.12	38.15	38.25	37.58	0.94 times
11 Wed Dec 2024	38.48	39.40	39.58	38.33	0.885 times
10 Tue Dec 2024	39.25	39.20	39.92	39.02	1.144 times
09 Mon Dec 2024	39.20	39.55	39.55	38.81	0.951 times
05 Thu Dec 2024	41.02	40.78	41.02	40.78	0.015 times
26 Tue Nov 2024	41.09	41.39	42.06	40.89	1.125 times
26 Tue Nov 2024	41.09	41.39	42.06	40.89	1.125 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 38.8, but if it comes above 38.8, then a intra day buy could be more profitable.
If you take a sell trade below 38.8, then use 38.8 as stoploss and 36 as target. However if you take a buy trade in stock , then use 38.8 as stoploss and 41.09 as target.

Share price targets for Teekay Tankers (TNK)

Target Type	Value
Downside Target	36.04
Downside Target	37.35
Upside Target	39.92
Upside Target	43.85
Upside Target	47.18
Upside Target	48.07
Upside Target	52.13
Upside Target	52.78
Upside Target	59.40
Upside Target	62.45
Upside Target	65.00

Intraday share price targets for Teekay Tankers (TNK)

Target Type	Value
Downside Intraday Target	36.56
Downside Intraday Target	35.28
Upside Intraday Target	38.6
Upside Intraday Target	39.36
Downside Intraday Target	37.32

Weekly technical analysis of Teekay Tankers (TNK)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Tue Dec 2024	37.84	37.52	38.08	36.04	0.547 times
13 Fri Dec 2024	38.06	39.55	39.92	37.35	4.73 times
05 Thu Dec 2024	41.02	41.39	42.06	40.78	0.497 times
26 Tue Nov 2024	41.09	41.43	42.06	40.71	0.454 times
22 Fri Nov 2024	41.73	43.31	43.85	41.36	0.907 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
17 Tue Dec 2024	37.84	40.78	41.02	36.04	0.358 times
26 Tue Nov 2024	41.09	48.00	48.07	40.71	0.929 times
31 Thu Oct 2024	47.68	57.55	62.45	47.18	1.387 times
30 Mon Sep 2024	58.25	56.01	59.40	52.13	0.83 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 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 Strong and stock is gaining momentum.

MACD generated a SELL signal for Teekay Tankers in short term and the sell 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 LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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

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

RSI is generating a BUY signal in short term and the buying is gaining 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 38.84 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 negative.

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