Note: Price has recovered back above both SMAs ($11.46 50-day, $10.45 250-day) after the July pullback — a thin margin above the 50-day (+1.7%) but real. Momentum turned bullish (MACD's histogram just flipped positive, ROC +8.27 — a strong reading off the recent low). ADX at 11.90 shows no trend-strength conviction yet.

Teekay Corporation's daily chart has just clawed back above both moving averages after the July pullback, though the margin above the 50-day ($11.46) is thin — roughly 1.7% — while the 250-day ($10.45) offers more cushion underneath. Momentum has flipped constructive: the MACD histogram just turned positive and ROC is printing a strong +8.27 off the recent low, a sharp swing in tone from two weeks ago. ADX at 11.90 shows this recovery hasn't yet built real trend-strength conviction — it reads as an early-stage bounce rather than a confirmed reversal. The next test is whether price can hold above the 50-day on any pullback; a close back below it would put the recovery in doubt.