When the Price of (STNG) Talks, People Listen

February 23, 2024, 18:30 pm ET, BY Joseph H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for STNG

• Buy STNG slightly over 61.09 target 69.43 stop loss @ 60.91 Details

The technical summary data tells us to buy STNG near 61.09 with an upside target of 69.43. This data also tells us to set a stop loss @ 60.91 to protect against excessive loss in case the stock begins to move against the trade. 61.09 is the first level of support below 66.42 , and by rule, any test of support is a buy signal. In this case, support 61.09 is being tested, a buy signal would exist.

• Short STNG slightly under 69.43, target 61.09, stop loss @ 69.63 Details

The technical summary data is suggesting a short of STNG as it gets near 69.43 with a downside target of 61.09. We should have a stop loss in place at 69.63though. 69.43 is the first level of resistance above 66.42, and by rule, any test of resistance is a short signal. In this case, if resistance 69.43 is being tested, a short signal would exist.

Swing Trading Plans for STNG

• Buy STNG slightly over 69.43, target n/a, Stop Loss @ 69.23 Details

If 69.43 begins to break higher, the technical summary data tells us to buy STNG just slightly over 69.43, with an upside target of n/a. The data also tells us to set a stop loss @ 69.23 in case the stock turns against the trade. 69.43 is the first level of resistance above 66.42, and by rule, any break above resistance is a buy signal. In this case, 69.43, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short STNG slightly near 69.43, target 66.05, Stop Loss @ 69.63. Details

The technical summary data is suggesting a short of STNG if it tests 69.43 with a downside target of 66.05. We should have a stop loss in place at 69.63 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 69.43, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for STNG

• Buy STNG slightly over 66.62, target 69.43, Stop Loss @ 66.46 Details

If 66.62 begins to break higher, the technical summary data tells us to buy STNG just slightly over 66.62, with an upside target of 69.43. The data also tells us to set a stop loss @ 66.46 in case the stock turns against the trade. 66.62 is the first level of resistance above 66.42, and by rule, any break above resistance is a buy signal. In this case, 66.62, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short STNG slightly near 66.62, target 66.05, Stop Loss @ 66.78. Details

The technical summary data is suggesting a short of STNG if it tests 66.62 with a downside target of 66.05. We should have a stop loss in place at 66.78 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 66.62, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Scorpio Tankers Inc. (STNG) available here: STNG.

STNG Ratings for February 23:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Strong
P1	0	0	53.33
P2	64.34	66.05	61.09
P3	66.62	69.34	69.43

AI Generated Signals for STNG

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Scorpio Tankers Inc. (NASDAQ: STNG) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for STNG can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.