IBP Stock +106.23% Since Nov ’07 Pick IBP Stock +106.23% Since Nov ’07 Pick Unlock Top Buy Picks
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of STNG
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Red day on Friday for Scorpio Tankers
(Updated on Apr 12, 2024)

Buy candidate since Apr 10, 2024 Gain 1.18% PDF

The Scorpio Tankers stock price fell by -0.94% on the last day (Friday, 12th Apr 2024) from $71.64 to $70.97. During the last trading day the stock fluctuated 2.76% from a day low at $70.54 to a day high of $72.49. The price has fallen in 6 of the last 10 days and is down by -0.81% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -53 thousand shares and in total, 614 thousand shares were bought and sold for approximately $43.57 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 8.49% during the next 3 months and, with a 90% probability hold a price between $73.18 and $83.40 at the end of this 3-month period.

Check out how to make money doing surveys! Ad

STNG Signals & Forecast

The Scorpio Tankers 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 $70.91 and $70.10. A breakdown below any of these levels will issue sell signals. 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 Wednesday, April 03, 2024, and so far it has fallen -3.10%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Scorpio Tankers stock

Scorpio Tankers finds support from accumulated volume at $70.38 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 $1.95 between high and low, or 2.76%. For the last week the stock has had daily average volatility of 2.66%.

Our recommended stop-loss: $67.47 (-4.93%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 7 days ago.)

Trading Expectations (STNG) For The Upcoming Trading Day Of Monday 15th

For the upcoming trading day on Monday, 15th we expect Scorpio Tankers Inc to open at $71.33, and during the day (based on 14 day Average True Range), to move between $69.14 and $72.80, which gives a possible trading interval of +/-$1.83 (+/-2.58%) up or down from last closing price. If Scorpio Tankers Inc takes out the full calculated possible swing range there will be an estimated 5.15% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $70.38 (0.83%) than the resistance at $71.65 (0.96%), 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 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 Scorpio Tankers stock to perform well in the short-term.

Current score: 4.125 Buy Candidate Unchanged

Predicted Opening Price for Scorpio Tankers Inc of Monday, April 15, 2024

Fair opening price April 15, 2024 Current price
$71.33 ( 0.512%) $70.97

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for STNG

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 73.28 3.26 %
R2 72.54 2.21 %
R1 72.08 1.56 %
Current price: 70.97
Support S1 70.59 -0.538 %
S2 70.13 -1.19 %
S3 69.38 -2.24 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 72.55 2.23 %
R2 71.90 1.31 %
R1 71.65 0.96 %
Current price 70.97
Support S1 70.38 -0.83%
S2 68.04 -4.13%
S3 65.62 -7.54%

STNG Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 13, 2024 Mar 07, 2024 Mar 27, 2024 $0.400 0.567%
2 Nov 09, 2023 Nov 29, 2023 Dec 15, 2023 $0.350 0.596%
3 Aug 01, 2023 Aug 14, 2023 Sep 15, 2023 $0.250 0.477%
4 May 02, 2023 Jun 12, 2023 Jun 30, 2023 $0.250 0.529%
5 Feb 15, 2023 Mar 06, 2023 Mar 31, 2023 $0.200 0.355%

FAQ

What is the symbol for Scorpio Tankers Stock and on which exchange is it traded?
The symbol for Scorpio Tankers is STNG and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Scorpio Tankers Stock?
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 Scorpio Tankers stock to perform well in the short-term.

How to buy Scorpio Tankers Stock?
Scorpio Tankers Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Scorpio Tankers Stock.

What's the current price of Scorpio Tankers Stock?
As of the end of day on the 2024-04-12, the price of an Scorpio Tankers (STNG) share was $70.97.

What is the 52-week high and low for Scorpio Tankers Stock?
The 52-week high for Scorpio Tankers Stock is $74.04 and the 52-week low is $40.34.

What is the market capitalization of Scorpio Tankers Stock?
As of the 2024-04-12, the market capitalization of Scorpio Tankers is 3.769B.

When is the next earnings date for Scorpio Tankers?
The upcoming earnings date for Scorpio Tankers is May 07, 2024.
Click to get the best stock tips daily for free!

About Scorpio Tankers Inc

Sio Tankers Scorpio Tankers Inc., together with its subsidiaries, engages in the seaborne transportation of refined petroleum products in the shipping markets worldwide. As of March 18, 2022, the company's fleet consisted of 124 owned, finance leased, or bareboat chartered-in tankers, including 42 LR2, 6 LR1, 62 MR, and 14 Handymax with a weighted average age of approximately 6.2 years. Scorpio Tankers Inc. was incorporated in 2009 and is based in Monaco.... STNG Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT