SCORPIO TANKERS INC (STNG) Stock Technical Analysis
USA - NYSE:STNG - MHY7542C1306 - Common Stock
Overall STNG gets a technical rating of 7 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Besides having an excellent technical rating, STNG also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry.
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51.27
We found 3 important support areas.
- A support zone ranging from 59.00 to 59.05. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @53.39 from a horizontal line in the daily time frame.
- Support @51.79 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 63.98 to 64.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The short term trend for STNG is neutral. |
| ChartMill Relative Strength | 87.26 | POSITIVE | STNG has a high relative strength, it outperformed 87.26% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of STNG is below a declining 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) | UP | POSITIVE | The current price of STNG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.17 | NEUTRAL | The RSI value for STNG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.44 | NEGATIVE | The MACD value suggests STNG has a negative trend. |
| Stochastics (14,3) | 37.28 | NEUTRAL | The Stochastics value for STNG is a neutral value. |
| Average True Range in percent/ATR (20) | 3.47 | MEDIUM VOLATILITY | The ATR as a percentage value for STNG suggests some volalility. |
| Average Directional Index/ADX (14) | 18.69 | NEGATIVE | The low ADX value for STNG suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 62.29 | 58.99 | 3.30 (5.30%) | 18.86% |
| An entry @62.29. This is a Buy Stop order right above the 10 day moving average. | An exit @58.99. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.30 points, which is 5.30%. | When investing 18.86% 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.
60.16
-0.94 (-1.54%)
SCORPIO TANKERS INC / STNG FAQ
What is the ChartMill technical rating of SCORPIO TANKERS INC (STNG) stock?
ChartMill assigns a technical rating of 7 / 10 to STNG.
Can you provide the trend direction for SCORPIO TANKERS INC?
The current trend direction for SCORPIO TANKERS INC (STNG) is Bullish.
What is the RSI signal for SCORPIO TANKERS INC (STNG) stock?
SCORPIO TANKERS INC (STNG) has an RSI value of 48.1673. This indicates that the stock is currently neutral.
What are the support and resistance levels for SCORPIO TANKERS INC (STNG) stock?
SCORPIO TANKERS INC (STNG) has a support level at 59.05 and a resistance level at 63.98. Check the full technical report for our detailed analysis of STNG support and resistance levels.