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STNG — 20-Day Breakout with Volume
Status: Invalidated
Scanner score: 75.0/100
Why this was flagged
STNG was identified as a bullish technical setup based on the 20-Day Breakout with Volume pattern. The scanner found a score of 75.0/100 using trend alignment, momentum, price action, volume, and risk-management rules. Monitor update: Latest daily-chart analysis no longer reports a bullish long setup.
Trade framework
Position-sizing example
These examples use the distance between the reference entry and stop-loss. They do not account for commissions, slippage, taxes, overnight gaps, or your personal account size.
Exit plan
- Stop-loss: Exit if the stop-loss is reached. Do not move the stop farther away to avoid taking the planned loss.
- Target 1: Consider taking partial profit when Target 1 is reached and reducing risk on the remaining shares.
- Target 2 or trailing exit: Consider closing the remaining position at Target 2, or use a disciplined trailing stop only if the trend remains strong.
- Time exit: Reassess or close a trade that fails to progress within the suggested holding window.
Technical chart
Daily closing price with moving averages and planned trade levels. This chart is a screening aid, not a guarantee of future results.
$1,000 educational outcome examples
These examples use a $1,000 position and fractional shares at the midpoint of the entry zone. Actual results can differ because of market gaps, fills, spreads, commissions, taxes, slippage, and changing conditions.
Easy explanation for new investors
The computer program flagged Scorpio Tankers Inc., or STNG, for a special pattern. It uses a setup called the "20-Day Breakout with Volume." This means the stock price recently jumped above its highest level from the last month. This happened while many people traded the stock at the same time. High activity is like a busy checkout line. It shows lots of buyers are interested right now. The scanner gave this stock a score of 75 out of 100. This score is a mix of how the price moves, how strong the trend is, and how many shares changed hands.
What the price plan means
The plan looks at where to watch the stock closely. The current price is $84.52. The plan says to watch closely if the price stays near $85.06. If the price falls below $81.26, the idea might stop working. This lower number is the safety line. If the price goes up instead, the first goal is $91.04. The second goal is $94.31. The plan tries to get twice the potential gain for every one unit of potential loss. This is called a 2-to-1 reward-to-risk ratio. It aims to keep losses small while looking for bigger gains.
What could make the idea fail
The stock might not go up as hoped. The strength meter, called RSI, is at 68.57. This is high, which means the stock has moved up a lot recently. It might need a rest. If trading activity slows down, the momentum could fade. The price could drop back below the safety line. This would mean the breakout was not strong enough to continue.
Important reminder
This is just a math-based signal. It is not a promise that the stock will rise. Markets can change fast. Always check new information. Never put in all your money. Use your own rules for managing risk. This setup has an expiration date. It only applies for a short time.
Recent news context
This automated review is separate from the technical score. It summarizes recent related articles and does not predict price movement.
Overall context: Positive (High confidence)
Scorpio Tankers Inc. has seen a price target increase from BofA to $83, reflecting strong third-quarter 2026 Time Charter Equivalent (TCE) rates that exceeded prior estimates. The company reported specific TCE figures of $64,900 for LR2, $30,000 for MR, and $25,500 for Handymax vessels. Additionally, Scorpio announced new three-year time charter-out agreements for three product tankers, with commencements scheduled for September and Q4 2026. A technical analysis setup indicates a 20-day breakout with volume, suggesting strong near-term sentiment. InvestingPro data highlights a low P/E ratio of 5.07 and gross profit margins of 73%. However, BofA maintains an Underperform rating despite the target hike, and the company faces potential dilution with an estimated 54.5 to 55.5 million diluted shares outstanding.
Potentially supportive context
- BofA raised the price target to $83 from $78 based on strong TCE rates.
- Q3 2026 TCE rates exceeded prior estimates across LR2, MR, and Handymax fleets.
- New three-year time charter-out agreements were secured for three product tankers.
Risks and caution items
- BofA maintains an Underperform rating despite the price target increase.
- Diluted share count is estimated at 54.5 to 55.5 million, including convertible notes.
- New charter agreements have future commencement dates rather than immediate revenue impact.
- Stock Traders Daily suggests a potential shift to mid-term neutrality after strong near-term sentiment.
Latest reviewed article: Sep 9, 2026 9:25 am
Recent related articles
BofA Securities has increased its price target for Scorpio Tankers Inc. (NYSE:STNG) to $83 from $78, while maintaining an Underperform rating. The adjustment reflects strong Time Charter Equivalent (TCE) rates, particularly for LR2, MR, and Handymax vessels, which exceeded prior estimates. Despite…
Scorpio Tankers Inc. has provided an update on its third-quarter 2026 average daily Time Charter Equivalent (TCE) rates and announced new time charter-out agreements for three product tankers. The company reported strong TCE rates across its LR2, MR, and Handymax fleets for…
Scorpio Tankers Inc. announced updates on its third-quarter 2026 average daily Time Charter Equivalent (TCE) rates, with LR2 tankers at $64,900, MR tankers at $30,000, and Handymax at $25,500. The company also disclosed new agreements to time charter-out two LR2 product tankers,…
This article analyzes the price action of Scorpio Tankers Inc. (NASDAQ: STNG), highlighting strong near-term sentiment that could lead to mid-term neutrality and long-term positive bias. It presents three AI-generated trading strategies—Position, Momentum Breakout, and Risk Hedging—with specific entry, target, and stop-loss…
Important: Some returned articles may describe competitors, industry conditions, or related companies. Open the source before relying on an article.
Scanner confirmations
- Price is above the 20-, 50-, and 200-day moving averages, with bullish moving-average alignment.
- Current volume is at least 1.25x the 20-day average volume.
- Price closed above the prior 20-day high with above-average volume.