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Stock Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

Teekay Tankers Ltd. (NYSE:TNK)

Weak Uptrend (+65) - TNK is showing signs of weakening momentum to the upside. Monitor TNK as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid TNK?

MarketClub looks at technical strength and momentum to determine if the timing is right for TNK.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYSE_TNK
Open High Low TNK Price Change
55.5500 55.9100 54.6901 55.5100 -0.2400
Entry Signal

MarketClub’s Trade Triangles for TNK

long term up The long-term trend has been UP since Aug 9th, 2023 at 46.23

intermediate term down The intermediate-term trend has been DOWN since Feb 22nd, 2024 at 55.55

short term up The short-term trend has been UP since Mar 14th, 2024 at 54.24

Smart Scan Analysis for TNK

Based on our trend formula, TNK is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for TNK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
55.5500 55.9100 54.6901 55.5100 -0.2400
Prev. Close Volume Bid Ask Time
55.5200 336680 2024-03-18 15:59:57
Year High1.43Year High Date2018-01-16
Year Low0.94Year Low Date2018-10-23
52wk High64.4252wk High Date2024-02-01
52wk Low3552wk Low Date2023-06-06
Year End Close2.9Average Volume494,487
Shares Outstanding33,738Short Interest6,121,312
% Institutional28.4Market Cap320M
Assets177,063,500MLiabilities348,920,000M
P/E Ratio7.1557Beta2.12
Volatility62.4
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