SCORPIO TANKERS INC (STNG) Stock Technical Analysis
NYSE:STNG • MHY7542C1306
Taking everything into account, STNG scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, STNG is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, STNG did better than 89% of all other stocks. We also observe that the gains produced by STNG over the past year are nicely spread over this period.
- STNG is part of the Oil, Gas & Consumable Fuels industry. There are 206 other stocks in this industry. STNG outperforms 85% of them.
- STNG is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month STNG has a been trading in the 56.64 - 71.48 range, which is quite wide. It is currently trading near the high of this range.
- STNG has an average volume of 1038770 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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.
More info and screens
51.23
We found 1 important support area.
- A support zone ranging from 51.75 to 52.43. 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 | UP | POSITIVE | The short term trend for STNG is up. |
| ChartMill Relative Strength | 89.33 | POSITIVE | STNG has a high relative strength, it outperformed 89.33% 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) | 71.84 | OVERBOUGHT | The high RSI value suggests STNG may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.5 | POSITIVE | The MACD value suggests STNG has a positive trend. |
| Stochastics (14,3) | 86.67 | OVERBOUGHT | The high Stochastics value suggests STNG may be overbought. |
| Average True Range in percent/ATR (20) | 3.5 | MEDIUM VOLATILITY | The ATR as a percentage value for STNG suggests some volalility. |
| Average Directional Index/ADX (14) | 37.39 | POSITIVE | The high ADX value value for STNG suggests a strong trend. |
70.51
+2.74 (+4.04%)
SCORPIO TANKERS INC / STNG FAQ
What is the technical rating for STNG stock?
ChartMill assigns a technical rating of 10 / 10 to STNG.
What is the trend direction for STNG stock?
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 71.8409. This indicates that the stock is currently overbought.
What is the MACD signal for STNG stock?
The MACD indicator for SCORPIO TANKERS INC (STNG) has a value of 0.499379, indicating a bearish trend.
Can you provide the short term momentum for SCORPIO TANKERS INC?
The short term momentum for SCORPIO TANKERS INC (STNG) is positive.