SCORPIO TANKERS INC (STNG) Stock Technical Analysis
NYSE:STNG - New York Stock Exchange, Inc. - MHY7542C1306 - Common Stock - Currency: USD
Taking everything into account, STNG scores 5 out of 10 in our technical rating. STNG has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
When comparing the yearly performance of all stocks, STNG is a bad performer in the overall market: 85% of all stocks are doing better.
STNG is part of the Oil, Gas & Consumable Fuels industry. There are 210 other stocks in this industry, of which 68% are performing better than STNG.
STNG is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
STNG has an average volume of 1061980 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month STNG has a been trading in the 38.83 - 46.77 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, STNG does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 45.23. Right above this resistance zone may be a good entry point.
More info and screens
38.73
46.06
When analyzing the support we can see 3 important areas.
- A support zone ranging from 41.61 to 42.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @40.76 from a trend line in the daily time frame.
- A support zone ranging from 39.12 to 39.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 45.23 to 45.60. 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 | NEUTRAL | NEUTRAL | The long term trend for STNG is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for STNG is up. |
| ChartMill Relative Strength | 15.4 | NEGATIVE | STNG has a low relative strength, it was outperformed by 84.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of STNG is above 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) | DOWN | NEGATIVE | The current price of STNG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.2 | NEUTRAL | The RSI value for STNG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests STNG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 57.21 | NEUTRAL | The Stochastics value for STNG is a neutral value. |
| Average True Range in percent/ATR (20) | 4.23 | MEDIUM VOLATILITY | The ATR as a percentage value for STNG suggests some volalility. |
| Average Directional Index/ADX (14) | 17.7 | NEGATIVE | The low ADX value for STNG suggests a weak or negative 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)
43.55
-0.19 (-0.43%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.43%
1 Week-4.1%
2 Weeks2.59%
1 Month-1.69%
3 Month23.27%
6 Month-17.55%
12 Month-42.2%
2 Year-7.42%
3 Year12.79%
5 Year229.43%
10 Year-59.45%
15 Year-60.23%
Volatility
ATR(14)1.97
ATR(20)%4.23%
ATR Inc23.41%
Range Today1.04
ADR(20)1.76
ADR(20)%4.05%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.4
Mansfield-2.21
10 Day High46.77
10 Day Low41.5
20 Day High46.77
20 Day Low38.83
52 Week High78.27
52 Week Low30.63
CS1 End42.5
CR1 Start45.23
Volume & EV
DER(3)1.08%
DER(5)0.6%
Volume1.24M
Volume Incr-7.28%
Vol(5)1.40M
Vol(50)1.06M