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Teekay Tankers Ltd.

TNK Technical Analysis Summary (NYSE)

Analyze TNK on the NYSE with RSI, MACD, ADX, Bollinger Bands, support, resistance, momentum, and the latest technical trading signals.

TNK●NYSE
IndustrialsMarine Shipping
$91.12
$0.30(0.33%)
U.S. Market opens in 15h 39m

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

TNK Technical Analysis Summary (NYSE)

Teekay Tankers Ltd. (NYSE: TNK) stock currently shows a bullish trend on the NYSE, supported by momentum and strong buying pressure.

Overall Sentiment:Buy
Momentum:Bullish to Bearish Risk (RSI: 75.70)
Trend Strength:Moderate (ADX: 27.29)
Volatility:Medium (ATR: 3.04)
Support/Resistance:$69.93 – $91.38 (Bollinger Bands)

Technical conditions suggest Teekay Tankers Ltd. on the NYSE is awaiting a decisive move. Technical conditions suggest Teekay Tankers Ltd. is consolidating, awaiting a decisive move.

Momentum Indicators

RSI (14): 75.70

Bearish
Overbought, selling pressure may emerge.

Stochastic %K: 94.76

Bearish
Overbought levels may trigger pullback.

Williams %R: -4.42

Bearish
Overbought levels may trigger correction.

Rate of Change (ROC): 15.05

Strongly Bullish
Strong upside momentum.

Takeaway:Teekay Tankers Ltd. shows overheated momentum, with risk of near-term pullback.

Trend & Volatility

MACD: 4.14

Bullish
Bullish, trend momentum is strengthening.

ADX: 27.29

Moderate
Moderate trend, direction gaining strength.

ATR (14): 3.04

Medium
Medium volatility, healthy price movement.

CCI (14): 117.77

Bearish Risk
Bearish risk, overbought levels suggest caution.

Takeaway:Teekay Tankers Ltd. shows a firm trend supported by momentum, though one signal suggests caution.

Support & Resistance indicators
Bollinger Bands
Upper Band
$91.38
Middle Band (SMA 20)
$80.65
Lower Band
$69.93
Current Position
Within Bands

Takeaway:Teekay Tankers Ltd. trades closer to resistance, supported by stronger momentum within bands.

Keltner Channels
Upper Channel
$87.96
Middle Line (EMA 20)
$81.87
Lower Channel
$75.78
Squeeze Status
No Squeeze

Takeaway:Teekay Tankers Ltd. trades near the upper channel, signaling resistance and risk of pullback.

Volume & Money Flow Analysis
On-Balance Volume1.79M
Money Flow Index80.41Bearish risk, overbought conditions may trigger pullback.
Relative Vigor Index78.14Bullish, price momentum strongly favors buyers.

Overall Takeaway:TNK shows overheated money flow, with risk of pullback from overbought conditions.

Technical Trading Signals Summary
Based on the current technical analysis of Teekay Tankers Ltd. (NYSE: TNK), here are the key trading signals and recommendations:

Bullish Signals

RSI above 50 → positive momentum from buyers.

MACD above 0 → bullish trend confirmation.

ADX above 20 → strong underlying trend.

Price trading above middle Bollinger Band → mid-term support intact.

Bearish Signals

Price near upper Bollinger Band → potential resistance and pullback risk.

MFI above 80 → overbought conditions may limit upside.

Overall Recommendation:Teekay Tankers Ltd. currently shows a Buy with caution signal — momentum and trend strength are positive, but price is close to resistance and may face short-term pullbacks.

(NYSE: TNK) Technical Analysis FAQ