Teekay Tankers Stock Forecast - Daily Balance Of Power
| TNK Stock | USD 40.25 0.65 1.59% |
Teekay Stock Forecast is based on your current time horizon. Although Teekay Tankers' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Teekay Tankers' systematic risk associated with finding meaningful patterns of Teekay Tankers fundamentals over time.
Teekay |
Open Interest Against 2024-12-20 Teekay Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Teekay Tankers' spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Teekay Tankers' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Teekay Tankers stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Teekay Tankers' open interest, investors have to compare it to Teekay Tankers' spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Teekay Tankers is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Teekay. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| 0.0366 | 0.0763 |
| Check Teekay Tankers Volatility | Backtest Teekay Tankers | Trend Details |
Teekay Tankers Trading Date Momentum
| On November 26 2024 Teekay Tankers was traded for 41.09 at the closing time. Highest Teekay Tankers's price during the trading hours was 42.06 and the lowest price during the day was 40.89 . The net volume was 357.9 K. The overall trading history on the 26th of November contributed to the next trading period price depreciation. The trading price change to the next next day price was 1.04% . The trading price change to current price is 2.31% . |
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
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Other Forecasting Options for Teekay Tankers
For every potential investor in Teekay, whether a beginner or expert, Teekay Tankers' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Teekay Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Teekay. Basic forecasting techniques help filter out the noise by identifying Teekay Tankers' price trends.Teekay Tankers Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Teekay Tankers stock to make a market-neutral strategy. Peer analysis of Teekay Tankers could also be used in its relative valuation, which is a method of valuing Teekay Tankers by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Teekay Tankers Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Teekay Tankers' price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Teekay Tankers' current price.| Cycle Indicators | ||
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| Volume Indicators |
Teekay Tankers Market Strength Events
Market strength indicators help investors to evaluate how Teekay Tankers stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Teekay Tankers shares will generate the highest return on investment. By undertsting and applying Teekay Tankers stock market strength indicators, traders can identify Teekay Tankers entry and exit signals to maximize returns.
Teekay Tankers Risk Indicators
The analysis of Teekay Tankers' basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Teekay Tankers' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting teekay stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.46 | |||
| Standard Deviation | 1.97 | |||
| Variance | 3.89 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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Is Oil & Gas Storage & Transportation space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Teekay Tankers. If investors know Teekay will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Teekay Tankers listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.28) | Dividend Share 0.25 | Earnings Share 12.18 | Revenue Per Share 34.7 | Quarterly Revenue Growth (0.15) |
The market value of Teekay Tankers is measured differently than its book value, which is the value of Teekay that is recorded on the company's balance sheet. Investors also form their own opinion of Teekay Tankers' value that differs from its market value or its book value, called intrinsic value, which is Teekay Tankers' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Teekay Tankers' market value can be influenced by many factors that don't directly affect Teekay Tankers' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Teekay Tankers' value and its price as these two are different measures arrived at by different means. Investors typically determine if Teekay Tankers is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Teekay Tankers' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.