Teekay Stock Technical Analysis

TK Stock  USD 7.28  0.04  0.55%   
As of the 29th of March, Teekay has the Risk Adjusted Performance of (0.01), coefficient of variation of (3,067), and Variance of 5.5. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Teekay, as well as the relationship between them. In other words, you can use this information to find out if the company will indeed mirror its model of past prices and volume data, or the prices will eventually revert. We were able to collect data for thirteen technical drivers for Teekay, which can be compared to its competition. Please validate Teekay coefficient of variation and maximum drawdown to decide if Teekay is priced more or less accurately, providing market reflects its prevalent price of 7.28 per share. Given that Teekay has information ratio of (0.09), we advise you to double-check Teekay's current market performance to make sure the company can sustain itself at a future point.

Teekay Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Teekay, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Teekay
  
Teekay's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Teekay Analyst Consensus

Target PriceAdvice# of Analysts
5.0Strong Sell0Odds
Teekay current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Teekay analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Teekay stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Teekay, talking to its executives and customers, or listening to Teekay conference calls.
Teekay Analyst Advice Details
Teekay technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Teekay technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Teekay trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Teekay Technical Analysis

Indicator
Time Period
Execute Indicator
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Teekay volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Teekay Trend Analysis

Use this graph to draw trend lines for Teekay. You can use it to identify possible trend reversals for Teekay as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Teekay price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Teekay Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Teekay applied against its price change over selected period. The best fit line has a slop of   0.02  , which may indicate that the price for Teekay will continue to decline. It has 122 observation points and a regression sum of squares at 13.57, which is the sum of squared deviations for the predicted Teekay price change compared to its average price change.

About Teekay Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Teekay on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Teekay based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Teekay price pattern first instead of the macroeconomic environment surrounding Teekay. By analyzing Teekay's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Teekay's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Teekay specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2021 2023 2024 (projected)
Dividend Yield0.230.210.22
Price To Sales Ratio0.470.460.44

Teekay March 29, 2024 Technical Indicators

Most technical analysis of Teekay help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Teekay from various momentum indicators to cycle indicators. When you analyze Teekay charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Teekay March 29, 2024 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Teekay stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
When determining whether Teekay is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Teekay Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Teekay Stock. Highlighted below are key reports to facilitate an investment decision about Teekay Stock:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Teekay. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry.
For more information on how to buy Teekay Stock please use our How to buy in Teekay Stock guide.
You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.

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When running Teekay's price analysis, check to measure Teekay's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Teekay is operating at the current time. Most of Teekay's value examination focuses on studying past and present price action to predict the probability of Teekay's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Teekay's price. Additionally, you may evaluate how the addition of Teekay to your portfolios can decrease your overall portfolio volatility.
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Is Teekay's industry 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. 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 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
(0.04)
Earnings Share
1.54
Revenue Per Share
15.505
Quarterly Revenue Growth
(0.14)
Return On Assets
0.1489
The market value of Teekay 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's value that differs from its market value or its book value, called intrinsic value, which is Teekay's 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's market value can be influenced by many factors that don't directly affect Teekay's 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's value and its price as these two are different measures arrived at by different means. Investors typically determine if Teekay is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Teekay's 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.