Scorpio Tankers Technical Analysis (NYSE:STNG)

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$2.03 $0.02 (0.98%) STNG stock closing price Sep 21, 2018 (Closing)

Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. Just by looking at the Scorpio Tankers stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the STNG stock chart which creates a trading signal.

You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Scorpio Tankers. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Scorpio Tankers stock analysis.

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Scorpio Tankers Moving Average

Moving averages show the average price of STNG stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $1.93 is below the last closing price of $2.03 and the 50 day moving average of $2.09 is above the last closing price of $2.03. The 10 and 20 day periods can predict short term moving average trends.

Scorpio Tankers Bollinger Bands

Bollinger bands consist of two price bands above and below a center line for any company stock like Scorpio Tankers. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $2.03 is in the upper range of Scorpio Tankers bollinger bands.

Scorpio Tankers Moving Average Convergence Divergence or MACD

Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Scorpio Tankers MACD indicator can be used to identify bullish and bearish trends for the stock.

Scorpio Tankers Relative Strength Index

The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. The relative strength index of STNG stock is 55.7.