In its latest trading session, Scorpio Tankers Inc. (NYSE:SBNA) dropped by -0.2% – here is what that looked like (as of 2019-12-24):
Why are these moves happning?? To understand this better, We ought to analyze some technical indicators. The most important ones are as follows:
A Money Flow Index (MFI) of 50.079, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of -100.0, a Moving Average Convergence Divergence (MACD) of 0.001, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.048, an Accumulation/Distribution Index (ADI) of 0.048, an On-Balance Volume (OBV) of 25.833, and a Chaiikin Money Flow (CMF) of 25.3. 0.341
Now let’s take all these indicators into account. According to Trading View, putting it all together gets the following:
That is what an analysis of technical indicators seems to indicate for Scorpio Tankers Inc. (NYSE:SBNA). Note this is technical analysis only! You should do fundamental research as well, and do not just rely on this – we take no responsibility for any losses incurred if you buy or sell based on the above.