International Seaways, Inc. (INSW) stock continued to rise in its latest intraday trading, advancing to test the important resistance level of 47.95. The stock is supported by trading along a short-term corrective upward trend line, while positive pressure also persists from trading above its previous 50-day SMA. On the other hand, a negative crossover has started to appear in the Stochastic indicators after reaching strongly overbought levels, which may limit the stocks upcoming gains if it fails to break the mentioned resistance.

Therefore, we expect the stock to rise in its upcoming trading, especially if it breaks the resistance of 47.95, to then target its next resistance at 54.85.

Todays price forecast: Bullish.