TNK Forecast and Technical Stock Analysis
Sell candidate since 2019-08-01 Loss -8.77%
Teekay Tankers Ltd gained 4.00% in the last trading day ( Friday, 16th Aug 2019 ), rising from $1.00 to $1.04 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 6.06% from a day low at $0.99 to a day high of $1.05. The price has fallen in 5 of the last 10 days and is down by -6.31% for this period. Volume fell in the last day by -640 126 shares and in total, 608 953 shares bought and sold for approximately $633 311.00. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
- 30 day high of the TNK stock price was $1.35 and low was $0.96.
- 90 day high was $1.41 and low was $0.96.
- 52 week high for Teekay Tankers Ltd - $1.41 and low - $0.87.
Teekay Tankers Ltd lies in the middle of a very 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 -8.01% during the next 3 months and, with 90% probability hold a price between $0.89 and $1.23 at the end of this period.
A buy signal was issued from a pivot bottom point on Wednesday August 14, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Teekay Tankers Ltd holds a buy signal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $1.19. On a fall, the stock will find some support from the short-term average at $1.02. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 35 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
Teekay Tankers Ltd finds support from accumulated volume at $1.01.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.06 between high and low, or 6.06%. For the last week the stock has had a daily average volatility of 5.65%.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
5.65 %Average volatility
Very Low Low Medium High Very High
|TNK $1.04 ($0.04 4.00%)|
TNK is up $0.04 today, but where's it headed in 2019?
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