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Stock Trend Analysis Report

Prepared for you on Saturday, December 7, 2024.

Teekay Tankers Ltd. (NYSE:TNK)

Long-Term Downtrend (-90) - TNK is in a strong downtrend that is likely to continue. While TNK is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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.

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NYSE_TNK
Open High Low TNK Price Change
40.00 40.12 38.48 38.80 -1.01
Entry Signal

MarketClub’s Trade Triangles for TNK

long term down The long-term trend has been DOWN since Aug 5th, 2024 at 57.31

intermediate term down The intermediate-term trend has been DOWN since Oct 15th, 2024 at 55.38

short term down The short-term trend has been DOWN since Dec 6th, 2024 at 39.61

Smart Scan Analysis for TNK

Based on our trend formula, TNK is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for TNK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
40.00 40.12 38.48 38.80 -1.01
Prev. Close Volume Bid Ask Time
38.77 335748 2024-12-06 15:59:47
Year High1.43Year High Date2018-01-16
Year Low0.94Year Low Date2018-10-23
52wk High74.252wk High Date2024-05-30
52wk Low39.2252wk Low Date2024-12-02
Year End Close2.9Average Volume347,238
Shares Outstanding29,112Short Interest6,121,312
% Institutional28.4Market Cap320M
Assets188,059,100MLiabilities184,648,000M
P/E Ratio3.1005Beta2.12
Volatility62.4
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