SCORPIO TANKERS INC (STNG) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:STNG - MHY7542C1306 - Common Stock
Overall STNG gets a technical rating of 3 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. STNG was also a bad performer in the overall market in the last year.
The technical rating of STNG is bad and it also does not present a 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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49.01
When analyzing the support we notice one important area.
- A support zone ranging from 49.50 to 49.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- Resistance @54.94 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 56.19 to 56.54. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @61.45 from a trend line in the weekly 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 | 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 | 35.82 | NEUTRAL | STNG is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of STNG is below a declining 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) | 55.56 | NEUTRAL | The RSI value for STNG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.81 | POSITIVE | The MACD value suggests STNG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 70.54 | NEUTRAL | The Stochastics value for STNG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.84 | MEDIUM VOLATILITY | The ATR as a percentage value for STNG suggests some volalility. |
| Average Directional Index/ADX (14) | 34.73 | POSITIVE | The high ADX value value for STNG suggests a strong trend. |
54.93
+0.12 (+0.22%)
SCORPIO TANKERS INC / STNG FAQ
What is the technical rating for STNG stock?
ChartMill assigns a technical rating of 3 / 10 to STNG.
What is the trend direction for STNG stock?
The current trend direction for SCORPIO TANKERS INC (STNG) is Bearish.
What is the RSI signal for SCORPIO TANKERS INC (STNG) stock?
SCORPIO TANKERS INC (STNG) has an RSI value of 55.5584. This indicates that the stock is currently neutral.
What is the MACD signal for STNG stock?
The MACD indicator for SCORPIO TANKERS INC (STNG) has a value of 0.81075, 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.