Trading (STNG) With Integrated Risk Controls
April 14, 2024, 22:26 pm ET, BY Barry C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for STNG
- Buy STNG slightly over 68.99 target 75.55 stop loss @ 68.79 Details
The technical summary data tells us to buy STNG near 68.99 with an upside target of 75.55. This data also tells us to set a stop loss @ 68.79 to protect against excessive loss in case the stock begins to move against the trade. 68.99 is the first level of support below 70.97 , and by rule, any test of support is a buy signal. In this case, support 68.99 is being tested, a buy signal would exist.
- Short STNG slightly under 75.55, target 68.99, stop loss @ 75.77 Details
The technical summary data is suggesting a short of STNG as it gets near 75.55 with a downside target of 68.99. We should have a stop loss in place at 75.77though. 75.55 is the first level of resistance above 70.97, and by rule, any test of resistance is a short signal. In this case, if resistance 75.55 is being tested, a short signal would exist.
Swing Trading Plans for STNG
- Buy STNG slightly over 72.05, target 75.55, Stop Loss @ 71.84 Details
If 72.05 begins to break higher, the technical summary data tells us to buy STNG just slightly over 72.05, with an upside target of 75.55. The data also tells us to set a stop loss @ 71.84 in case the stock turns against the trade. 72.05 is the first level of resistance above 70.97, and by rule, any break above resistance is a buy signal. In this case, 72.05, 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 72.05, target 69.27, Stop Loss @ 72.26. Details
The technical summary data is suggesting a short of STNG if it tests 72.05 with a downside target of 69.27. We should have a stop loss in place at 72.26 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, 72.05, 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 72.05, target 75.55, Stop Loss @ 71.88 Details
If 72.05 begins to break higher, the technical summary data tells us to buy STNG just slightly over 72.05, with an upside target of 75.55. The data also tells us to set a stop loss @ 71.88 in case the stock turns against the trade. 72.05 is the first level of resistance above 70.97, and by rule, any break above resistance is a buy signal. In this case, 72.05, 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 72.05, target 70.21, Stop Loss @ 72.22. Details
The technical summary data is suggesting a short of STNG if it tests 72.05 with a downside target of 70.21. We should have a stop loss in place at 72.22 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, 72.05, 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 April 14:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Strong |
| P1 |
0 |
0 |
62.96 |
| P2 |
70.21 |
69.27 |
68.99 |
| P3 |
71.97 |
72.05 |
75.55 |
AI Generated Signals for STNG
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for STNG:
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