SCORPIO TANKERS INC (STNG) Stock Technical Analysis
USA - NYSE:STNG - MHY7542C1306 - Common Stock
Overall STNG gets a technical rating of 9 out of 10. Both in the recent history as in the last year, STNG has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although STNG has an excellent technical rating, it does not offer a high quality setup 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.
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55.74
When analyzing the support we can see 3 important areas.
- A support zone ranging from 61.73 to 62.21. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @60.73 from a horizontal line in the daily time frame.
- A support zone ranging from 56.30 to 57.64. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The short term trend for STNG is up. |
| ChartMill Relative Strength | 87.94 | POSITIVE | STNG has a high relative strength, it outperformed 87.94% 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) | UP | POSITIVE | The current price of STNG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 70.33 | OVERBOUGHT | The high RSI value suggests STNG may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.29 | POSITIVE | The MACD value suggests STNG has a positive trend. |
| Stochastics (14,3) | 89.71 | OVERBOUGHT | The high Stochastics value suggests STNG may be overbought. |
| Average True Range in percent/ATR (20) | 3.22 | MEDIUM VOLATILITY | The ATR as a percentage value for STNG suggests some volalility. |
| Average Directional Index/ADX (14) | 23.99 | NEUTRAL | The ADX value for STNG suggests a possible start of a new trend. |
63.97
+0.77 (+1.22%)
SCORPIO TANKERS INC / STNG FAQ
What is the ChartMill technical rating of SCORPIO TANKERS INC (STNG) stock?
ChartMill assigns a technical rating of 9 / 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 70.3347. This indicates that the stock is currently overbought.
What is the buy/sell signal for SCORPIO TANKERS INC (STNG) stock?
The buy/sell signal for SCORPIO TANKERS INC (STNG) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for SCORPIO TANKERS INC (STNG) stock?
SCORPIO TANKERS INC (STNG) has a support level at 62.21. Check the full technical report for our detailed analysis of STNG support and resistance levels.