Scorpio Tankers Inc. 7.00% Seni Stock Forecast
Scorpio Tankers Inc. 7.00% Seni stock downgraded to Sell Candidate
(Updated on Jun 28, 2024)
The Scorpio Tankers Inc. 7.00% Seni stock price gained 0.0020% on the last trading day (Friday, 28th Jun 2024), rising from $25.10 to $25.10. During the last trading day the stock fluctuated 0% from a day low at $25.10 to a day high of $25.10. The price has been going up and down for this period, and there has been a -1.14% loss for the last 2 weeks. Volume fell on the last day by -590 shares and in total, 1 thousand shares were bought and sold for approximately $25.10 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $25.06 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Scorpio Tankers Inc. 7.00% Seni stock with a 90% probability to be traded between $25.11 and $25.45 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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SBBA Signals & Forecast
There are mixed signals in the stock today. The Scorpio Tankers Inc. 7.00% Seni stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $25.24. On a fall, the stock will find some support from the short-term average at $25.09. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 0.160%. Further rise is indicated until a new top pivot has been found. The stock had a Golden Star Signal on Wednesday, November 01, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Wednesday, November 01, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
A buy signal from a double bottom formation was found on Friday, June 21, 2024 and based on theory for this formation the price should go up by 0.490% to $25.22 within 43 trading days since signal was issued (Thursday, August 22, 2024).
Support, Risk & Stop-loss for Scorpio Tankers Inc. 7.00% Seni stock
Scorpio Tankers Inc. 7.00% Seni finds support from accumulated volume at $25.09 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.0447%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SBBA) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Scorpio Tankers Inc. 7.00% Seni to open at $25.10, and during the day (based on 14 day Average True Range), to move between $25.05 and $25.15, which gives a possible trading interval of +/-$0.0473 (+/-0.19%) up or down from last closing price. If Scorpio Tankers Inc. 7.00% Seni takes out the full calculated possible swing range there will be an estimated 0.38% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $25.09 (0.04%) than the resistance at $25.27 (0.68%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Scorpio Tankers Inc. 7.00% Seni stock A Buy?
Scorpio Tankers Inc. 7.00% Seni holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -1.058 Sell Candidate Downgraded
Predicted Opening Price for Scorpio Tankers Inc. 7.00% Seni of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $25.10 ( 0.00000000%) | $25.10 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SBBA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.10 | 0.00000000% |
| R2 | 25.10 | 0.00000000% |
| R1 | 25.10 | 0.00000000% |
| Price | 25.10 | |
| S1 | 25.10 | 0.00000000% |
| S2 | 25.10 | 0.00000000% |
| S3 | 25.10 | 0.00000000% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.30 | 0.797% |
| R2 | 25.28 | 0.717% |
| R1 | 25.27 | 0.677% |
| Price | 25.10 | |
| S1 | 25.09 | -0.0398% |
| S2 | 25.08 | -0.0797% |
| S3 | 25.07 | -0.120% |
SBBA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 14, 2024 | Jun 14, 2024 | Jul 01, 2024 | $0.438 | 1.74% |
| 2 | Mar 14, 2024 | Mar 14, 2024 | Apr 01, 2024 | $0.438 | 1.73% |
| 3 | Dec 14, 2023 | Dec 14, 2023 | Jan 02, 2024 | $0.438 | 1.74% |
| 4 | Sep 14, 2023 | Sep 14, 2023 | Oct 02, 2023 | $0.438 | 1.76% |
| 5 | Jun 14, 2023 | Jun 14, 2023 | Jun 30, 2023 | $0.438 | 1.76% |
FAQ
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