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(STNG) Scorpio Tankers complete technical analysis [charts+indicators] | Buy/Sell Scorpio Tankers | (STNG) share price targets

Complete technical analysis of Scorpio Tankers (STNG) by charts plus indicators, forecast predictions and share price targets for Scorpio Tankers (STNG)

Scorpio Tankers trades in USA in Transportation sector.

10 day averaged volume of Scorpio Tankers is 816295

Date Daily Closing Price Open High Low Volume
16 Thu May 2024 81.05 79.77 81.08 79.20 0.881 times
15 Wed May 2024 79.70 79.18 79.96 78.32 1.076 times
14 Tue May 2024 79.57 79.04 79.62 77.90 0.78 times
13 Mon May 2024 79.23 79.48 80.17 78.03 0.855 times
10 Fri May 2024 77.82 79.13 79.58 77.82 1.491 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 82, for a target of 77.5 or 73.78

Share price targets for Scorpio Tankers (STNG)

Target Type Value
Downside Target 61.22
Downside Target 64.18
Downside Target 67.80
Downside Target 71.48
Downside Target 73.13
Downside Target 73.26
Downside Target 73.67
Downside Target 74.04
Downside Target 77.90
Downside Target 79.58
Upside Target 81.08

Intraday share price targets for Scorpio Tankers (STNG)

Target Type Value
Downside Intraday Target 78.94
Downside Intraday Target 76.83
Upside Intraday Target 82.12
Upside Intraday Target 83.19
Downside Intraday Target 80.01

Weekly technical analysis of Scorpio Tankers (STNG)

Date Weekly Closing Price Open High Low Volume
16 Thu May 2024 81.05 79.48 81.08 77.90 0.618 times
10 Fri May 2024 77.82 72.68 79.58 71.48 1.623 times
03 Fri May 2024 72.40 72.66 73.26 69.01 0.957 times
26 Fri Apr 2024 72.77 69.37 73.13 68.33 0.909 times
19 Fri Apr 2024 69.53 70.90 72.64 67.80 0.805 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Scorpio Tankers (STNG)

Date Monthly Closing Price Open High Low Volume
16 Thu May 2024 81.05 70.42 81.08 69.01 0.617 times
30 Tue Apr 2024 70.36 71.55 74.04 67.80 0.863 times
28 Thu Mar 2024 71.55 67.48 73.67 64.66 0.609 times
29 Thu Feb 2024 67.13 71.74 72.89 64.18 0.89 times

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Scorpio Tankers (STNG)

Indicator Name Indicator Value Indicator Signal
ADX 39, 9, 63 Buy
MACD 4, 3Buy
Stochastics 97Buy
CCI 94Buy
RSI 53Buy
OBV 8095146Sell
VWAP 77Buy
ADL 0Sell
ROC 13Buy
Force Index 0Sell

Price action analysis of Scorpio Tankers ( (STNG) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Scorpio Tankers ( (STNG) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Scorpio Tankers ( (STNG) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Scorpio Tankers ( (STNG) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Scorpio Tankers stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Scorpio Tankers in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Scorpio Tankers Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Scorpio Tankers in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Scorpio Tankers is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 76.94 and Scorpio Tankers (STNG) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Scorpio Tankers (STNG) stock. Volume based technical analysis of Scorpio Tankers (STNG) stock is negative.

Scorpio Tankers Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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