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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Scorpio Tankers stock upgraded to Buy Candidate.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 06, 2024 Gain 3.33% PDF

The Scorpio Tankers stock price gained 0.170% on the last trading day (Wednesday, 27th Mar 2024), rising from $70.42 to $70.54. During the last trading day the stock fluctuated 1.44% from a day low at $69.95 to a day high of $70.96. The price has been going up and down for this period, and there has been a -1.11% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 173 thousand more shares were traded than the day before. In total, 827 thousand shares were bought and sold for approximately $58.33 million.

The stock lies in the middle of a strong 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 12.02% during the next 3 months and, with a 90% probability hold a price between $74.94 and $82.41 at the end of this 3-month period.

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STNG Signals & Forecast

The Scorpio Tankers stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $71.89. On a fall, the stock will find some support from the long-term average at approximately $68.77. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Thursday, March 21, 2024, and so far it has fallen -3.44%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Scorpio Tankers stock

Scorpio Tankers finds support from accumulated volume at $68.04 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 $1.01 between high and low, or 1.44%. For the last week, the stock has had daily average volatility of 1.84%.

Our recommended stop-loss: $67.03 (-4.98%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (STNG) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Scorpio Tankers Inc to open at $70.48, and during the day (based on 14 day Average True Range), to move between $68.68 and $72.40, which gives a possible trading interval of +/-$1.86 (+/-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 5.29% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $70.75 (0.30%) than the support at $68.04 (3.54%), 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 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.054 Buy Candidate Upgraded

Predicted Opening Price for Scorpio Tankers Inc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$70.48 ( 0.0803%) $70.54

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 71.49 1.35 %
R2 71.11 0.80 %
R1 70.87 0.467 %
Current price: 70.54
Support S1 70.10 -0.627 %
S2 69.86 -0.97 %
S3 69.47 -1.51 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 71.90 1.93 %
R2 71.65 1.57 %
R1 70.75 0.298 %
Current price 70.54
Support S1 68.04 -3.54%
S2 65.62 -6.97%
S3 64.70 -8.28%

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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy 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 2024-03-27, the price of an Scorpio Tankers (STNG) share was $70.54.

What is the 52-week high and low for Scorpio Tankers Stock?
The 52-week high for Scorpio Tankers Stock is $73.67 and the 52-week low is $40.34.

What is the market capitalization of Scorpio Tankers Stock?
As of the 2024-03-27, the market capitalization of Scorpio Tankers is 3.873B.

When is the next earnings date for Scorpio Tankers?
The upcoming earnings date for Scorpio Tankers is May 07, 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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