International Seaways Inc Stock Forecast
Green day on Thursday for International Seaways Inc
(Updated on Mar 28, 2024)
The International Seaways Inc stock price gained 1.35% on the last trading day (Thursday, 28th Mar 2024), rising from $52.49 to $53.20. During the last trading day the stock fluctuated 2.05% from a day low at $52.31 to a day high of $53.38. The price has risen in 7 of the last 10 days and is up by 1.2% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 27 thousand more shares were traded than the day before. In total, 494 thousand shares were bought and sold for approximately $26.29 million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 6.90% during the next 3 months and, with a 90% probability hold a price between $52.53 and $60.64 at the end of this 3-month period.
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INSW Signals & Forecast
The International Seaways Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $52.82 and $52.39. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, January 30, 2024, and so far it has fallen -1.97%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for International Seaways Inc stock
International Seaways Inc finds support from accumulated volume at $53.03 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.07 between high and low, or 2.05%. For the last week the stock has had daily average volatility of 1.74%.
Our recommended stop-loss: $50.64 (-4.81%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 41 days ago.)
Trading Expectations (INSW) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect International Seaways Inc to open at $52.96, and during the day (based on 14 day Average True Range), to move between $51.97 and $54.43, which gives a possible trading interval of +/-$1.23 (+/-2.30%) up or down from last closing price. If International Seaways Inc takes out the full calculated possible swing range there will be an estimated 4.61% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $53.28 (0.15%) than the support at $53.03 (0.32%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is International Seaways Inc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for International Seaways Inc stock to perform well in the short-term.
Current score: 4.199 Buy Candidate Unchanged
Predicted Opening Price for International Seaways Inc of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$52.96 ( 0.445%) | $53.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for INSW
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 54.03 | 1.57 % | |
R2 | 53.62 | 0.798 % | ||
R1 | 53.37 | 0.323 % | ||
Current price: | 53.20 | |||
Support | S1 | 52.55 | -1.21 % | |
S2 | 52.30 | -1.69 % | ||
S3 | 51.89 | -2.46 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 53.99 | 1.48 % | |
R2 | 53.36 | 0.301 % | ||
R1 | 53.28 | 0.150 % | ||
Current price | 53.20 | |||
Support | S1 | 53.03 | -0.320% | |
S2 | 52.79 | -0.771% | ||
S3 | 47.84 | -10.08% |
INSW Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 28, 2024 | Mar 13, 2024 | Mar 28, 2024 | $1.32 | 2.48% |
2 | Nov 06, 2023 | Dec 12, 2023 | Dec 27, 2023 | $0.480 | 1.04% |
3 | Aug 09, 2023 | Sep 12, 2023 | Sep 27, 2023 | $1.42 | 3.20% |
4 | May 04, 2023 | Jun 13, 2023 | Jun 28, 2023 | $1.62 | 4.49% |
5 | Feb 27, 2023 | Mar 13, 2023 | Jun 28, 2023 | $2.00 | 5.55% |
FAQ
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