RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of TK
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Teekay Corporation stock price ended at $7.28 on Thursday, after gaining 0.552%.
(Updated on Mar 28, 2024)

Sell candidate since Mar 25, 2024 Loss -0.27% PDF

The Teekay Corporation stock price gained 0.552% on the last trading day (Thursday, 28th Mar 2024), rising from $7.24 to $7.28. During the last trading day the stock fluctuated 1.13% from a day low at $7.22 to a day high of $7.31. The price has risen in 6 of the last 10 days and is up by 0.14% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 23 thousand more shares were traded than the day before. In total, 349 thousand shares were bought and sold for approximately $2.54 million.

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -11.09% during the next 3 months and, with a 90% probability hold a price between $6.13 and $7.39 at the end of this 3-month period.

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TK Signals & Forecast

There are mixed signals in the stock today. The Teekay Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $7.31 and $7.53. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Tuesday, March 12, 2024, and so far it has risen 2.54%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for Teekay Corporation stock

Teekay Corporation finds support from accumulated volume at $7.27 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0815 between high and low, or 1.13%. For the last week the stock has had daily average volatility of 1.77%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (TK) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Teekay Corporation to open at $7.27, and during the day (based on 14 day Average True Range), to move between $7.10 and $7.46, which gives a possible trading interval of +/-$0.180 (+/-2.47%) up or down from last closing price. If Teekay Corporation takes out the full calculated possible swing range there will be an estimated 4.94% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $7.27 (0.14%) than the resistance at $7.32 (0.55%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Teekay Corporation stock A Buy?

Teekay Corporation holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -3.252 Sell Candidate Unchanged

Predicted Opening Price for Teekay Corporation of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$7.27 ( 0.144%) $7.28

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for TK

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 7.35 0.98 %
R2 7.32 0.548 %
R1 7.30 0.283 %
Current price: 7.28
Support S1 7.24 -0.572 %
S2 7.22 -0.84 %
S3 7.19 -1.26 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 8.24 13.19 %
R2 7.61 4.53 %
R1 7.32 0.549 %
Current price 7.28
Support S1 7.27 -0.137%
S2 7.26 -0.275%
S3 7.15 -1.79%

TK Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Nov 04, 2021 Nov 04, 2021 Feb 14, 2019 $0.288 7.57%
2 Jan 08, 2019 Jan 31, 2019 Feb 14, 2019 $0.0550 1.45%
3 Oct 03, 2018 Nov 01, 2018 Nov 14, 2018 $0.0550 0.88%
4 Jul 05, 2018 Aug 02, 2018 Aug 15, 2018 $0.0550 0.83%
5 Apr 04, 2018 May 03, 2018 May 16, 2018 $0.0550 0.611%

FAQ

What is the symbol for Teekay Corporation Stock and on which exchange is it traded?
The symbol for Teekay Corporation is TK and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Teekay Corporation Stock?
Teekay Corporation holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

How to buy Teekay Corporation Stock?
Teekay Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Teekay Corporation Stock.

What's the current price of Teekay Corporation Stock?
As of the end of day on the 2024-03-28, the price of an Teekay Corporation (TK) share was $7.28.

What is the 52-week high and low for Teekay Corporation Stock?
The 52-week high for Teekay Corporation Stock is $9.28 and the 52-week low is $5.01.

What is the market capitalization of Teekay Corporation Stock?
As of the 2024-03-28, the market capitalization of Teekay Corporation is 664.664M.

When is the next earnings date for Teekay Corporation?
The upcoming earnings date for Teekay Corporation is May 09, 2024.
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About Teekay Corporation

Teekay Teekay Corporation engages in the international crude oil and other marine transportation services worldwide. The company provides a full suite of ship-to-ship transfer services in the oil, gas, and dry bulk industries; lightering and lightering support; and operational and maintenance marine, as well as offshore production services. As of March 1, 2022, it operated a fleet of approximately 55 vessels. The company primarily serves energy and util... TK Profile

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