Bullish vs. Bearish (2 opinions)
Social Sentiment 0.45
STNG Forecast and Technical Stock Analysis
Hold candidate since 2019-08-19 Gain 2.17%
Scorpio Tankers Inc gained 2.17% in the last trading day ( Tuesday, 20th Aug 2019 ), rising from $25.38 to $25.93 , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 3.54% from a day low at $25.40 to a day high of $26.30. The price has risen in 7 of the last 10 days and is up by 5.71% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 146 807 more shares were traded than the day before. In total, 758 916 shares bought and sold for approximately $19.68 million.
- 30 day high of the STNG stock price was $28.88 and low was $22.34.
- 90 day high was $30.87 and low was $22.34.
- 52 week high for Scorpio Tankers Inc - $30.87 and low - $1.48.
Scorpio Tankers Inc lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.74% during the next 3 months and, with 90% probability hold a price between $21.50 and $28.68 at the end of this period.
A buy signal was issued from a pivot bottom point on Thursday August 15, 2019, which indicates further gains until a new top pivot has been found. 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. Scorpio Tankers Inc holds a buy signal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $26.95. On a fall, the stock will find some support from the short-term average at $24.02. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 49 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
Scorpio Tankers Inc finds support from accumulated volume at $25.22.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.90 between high and low, or 3.54%. For the last week, the stock has had a daily average volatility of 4.79%.
Our recommended stop-loss: $24.66 (-4.91%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 3 days ago.)
4.79 %Average volatility
Very Low Low Medium High Very High
|STNG $25.93 ($0.55 2.17%)|
STNG is up $0.55 today, but where's it headed in 2019?
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