SCORPIO TANKERS INC (STNG) Stock Technical Analysis
NYSE:STNG - MHY7542C1306 - Common Stock
49.03 USD
+0.34 (+0.7%)
49.03 USD
0 (0%)
Overall STNG gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, STNG is a bad performer.
When comparing the yearly performance of all stocks, STNG is a bad performer in the overall market: 77% of all stocks are doing better.
STNG is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 61% of 208 stocks in the same industry do better.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
The long and short term trends are both positive. This is looking good!
In the last month STNG has a been trading in the 43.78 - 49.44 range, which is quite wide. It is currently trading near the high of this range.
STNG has an average volume of 1247760 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
STNG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so STNG is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although STNG has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
39.07
50.61
When analyzing the support we can see 3 important areas.
- A support zone ranging from 45.94 to 46.85. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 44.06 to 45.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @39.46 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 49.04 to 49.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @50.11 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for STNG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for STNG is up. |
| ChartMill Relative Strength | 23.16 | NEGATIVE | STNG has a low relative strength, it was outperformed by 76.84% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of STNG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of STNG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of STNG is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63.55 | NEUTRAL | The RSI value for STNG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.24 | POSITIVE | The MACD value suggests STNG has a positive trend. |
| Stochastics (14,3) | 91.8 | OVERBOUGHT | The high Stochastics value suggests STNG may be overbought. |
| Average True Range in percent/ATR (20) | 3.46 | MEDIUM VOLATILITY | The ATR as a percentage value for STNG suggests some volalility. |
| Average Directional Index/ADX (14) | 23.85 | NEUTRAL | The ADX value for STNG suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 49.05 | 44.37 | 4.68 (9.55%) | 10.48% |
| An entry @49.05. This is a Buy Stop order right above the resistance zone. | An exit @44.37. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 4.68 points, which is 9.55%. | When investing 10.48% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
49.03
+0.34 (+0.7%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.7%
1 Week7.52%
2 Weeks9.15%
1 Month8.71%
3 Month23.38%
6 Month23.04%
12 Month-31.46%
2 Year-2.93%
3 Year17.86%
5 Year314.11%
10 Year-48.17%
15 Year-54.69%
Volatility
ATR(14)1.53
ATR(20)%3.46%
ATR Inc-33.67%
Range Today1.15
ADR(20)1.64
ADR(20)%3.34%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.16
Mansfield-0.75
10 Day High49.23
10 Day Low44.38
20 Day High49.44
20 Day Low43.78
52 Week High74.67
52 Week Low30.63
CS1 End46.85
CR1 Start49.04
Volume & EV
DER(3)0.42%
DER(5)-0.51%
Volume714.50K
Volume Incr-28.7%
Vol(5)775.06K
Vol(50)1.25M