International Seaways, Inc. (INSW) stock rose again in its latest intraday trading, confirming a breakout above the key resistance level of $49.80. The move is supported by continued trading above the previous 50-day SMA and under the dominance of the main short-term bullish trend, with trading along an ascending line that reinforces this direction. In addition, positive signals are appearing from the relative strength indicators, though they have reached extremely overbought levels, which may limit the stocks upcoming gains.

Therefore, we expect the stock to rise in its upcoming trading sessions, especially as long as it remains above $49.80, targeting the first resistance level at $54.45.

Todays stock forecast: Bullish.