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
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Stronger technical forecast for Scorpio Tankers stock price after Friday trading.
(Updated on Jul 19, 2024)

Hold candidate since Jul 19, 2024 PDF

The Scorpio Tankers stock price gained 1.07% on the last trading day (Friday, 19th Jul 2024), rising from $74.55 to $75.35. During the last trading day the stock fluctuated 2.46% from a day low at $73.74 to a day high of $75.56. The price has fallen in 6 of the last 10 days and is down by -5.68% for this period. Volume fell on the last day by -186 thousand shares and in total, 1 million shares were bought and sold for approximately $82.88 million. 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 lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $74.65 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 8.02% during the next 3 months and, with a 90% probability hold a price between $80.64 and $91.90 at the end of this 3-month period.

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STNG Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, July 18, 2024, and so far it has risen 1.07%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Scorpio Tankers stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $76.41 and $79.60. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Thursday, May 02, 2024 in the short-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.

Buy
Special Signal Notification

Golden Star

The stock had a Golden Star Signal on Thursday, May 02, 2024 in the short-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.

Support, Risk & Stop-loss for Scorpio Tankers stock

Scorpio Tankers finds support from accumulated volume at $74.55 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.82 between high and low, or 2.46%. For the last week, the stock has had daily average volatility of 2.43%.

Our recommended stop-loss: $70.99 (-5.79%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 15 days ago.)

Trading Expectations (STNG) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Scorpio Tankers Inc to open at $74.88, and during the day (based on 14 day Average True Range), to move between $73.36 and $77.34, which gives a possible trading interval of +/-$1.99 (+/-2.64%) up or down from last closing price. If Scorpio Tankers Inc takes out the full calculated possible swing range there will be an estimated 5.27% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $74.55 (1.06%) than the resistance at $76.75 (1.86%), 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?

Scorpio Tankers holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.152 Hold/Accumulate Upgraded

Predicted Opening Price for Scorpio Tankers Inc of Monday, July 22, 2024

Fair opening price July 22, 2024 Current price
$74.88 ( 0.622%) $75.35

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
R3 76.70 1.79%
R2 76.00 0.87%
R1 75.57 0.299%
Price 75.35
S1 74.19 -1.54%
S2 73.76 -2.11%
S3 73.07 -3.03%

Accumulated Volume Support & Resistance Levels

Level Price
R3 78.04 3.57%
R2 77.82 3.28%
R1 76.75 1.86%
Price 75.35
S1 74.55 -1.06%
S2 72.00 -4.45%
S3 69.31 -8.02%

STNG Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jun 14, 2024 Jun 14, 2024 Jun 28, 2024 $0.400 0.492%
2 Feb 13, 2024 Mar 07, 2024 Mar 27, 2024 $0.400 0.567%
3 Nov 09, 2023 Nov 29, 2023 Dec 15, 2023 $0.350 0.596%
4 Aug 01, 2023 Aug 14, 2023 Sep 15, 2023 $0.250 0.477%
5 May 02, 2023 Jun 12, 2023 Jun 30, 2023 $0.250 0.529%

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?
Scorpio Tankers holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

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 Jul 19, 2024, the price of an Scorpio Tankers (STNG) share was $75.35.

What is the 52-week high and low for Scorpio Tankers Stock?
The 52-week high for Scorpio Tankers Stock is $84.67 and the 52-week low is $40.34.

What is the market capitalization of Scorpio Tankers Stock?
As of the Jul 19, 2024, the market capitalization of Scorpio Tankers is 4.112B.

When is the next earnings date for Scorpio Tankers?
The upcoming earnings date for Scorpio Tankers is Jul 30, 2024.
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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

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