NORDIC AMERICAN TANKERS LTD (NAT) Technical Analysis
NYSE:NAT • BMG657731060
Taking everything into account, NAT scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, NAT has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that NAT is one of the better performing stocks in the market, outperforming 95% of all stocks. On top of that, NAT also shows a nice and consistent pattern of rising prices.
- NAT is part of the Oil, Gas & Consumable Fuels industry. There are 207 other stocks in this industry. NAT outperforms 90% of them.
- NAT is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so NAT is performing more or less in line with the market.
- NAT has an average volume of 4125530 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month NAT has a been trading in the 4.33 - 6.34 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
Although NAT has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
3.49
When analyzing the support we can see 2 important areas.
- Support @3.64 from a trend line in the daily time frame.
- Support @3.53 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 5.18 to 5.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for NAT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NAT is up. |
| ChartMill Relative Strength | 95.31 | POSITIVE | NAT has a high relative strength, it outperformed 95.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of NAT is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NAT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NAT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.77 | NEUTRAL | The RSI value for NAT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests NAT has a negative trend. |
| Stochastics (14,3) | 42.53 | NEUTRAL | The Stochastics value for NAT is a neutral value. |
| Average True Range in percent/ATR (20) | 4.82 | MEDIUM VOLATILITY | The ATR as a percentage value for NAT suggests some volalility. |
| Average Directional Index/ADX (14) | 53.67 | POSITIVE | The high ADX value value for NAT suggests a strong trend. |
NAT Technicals: Chart, Performance Metrics, Trend & Indicators
4.97
-0.27 (-5.15%)
NORDIC AMERICAN TANKERS LTD / NAT FAQ
What is the technical rating for NAT stock?
ChartMill assigns a technical rating of 10 / 10 to NAT.
What is the current trend direction of NORDIC AMERICAN TANKERS LTD (NAT) stock?
The current trend direction for NORDIC AMERICAN TANKERS LTD (NAT) is Bullish.
What is the RSI signal for NAT stock?
NORDIC AMERICAN TANKERS LTD (NAT) has an RSI value of 56.7734. This indicates that the stock is currently neutral.
What is the short term momentum for NORDIC AMERICAN TANKERS LTD (NAT) stock?
The short term momentum for NORDIC AMERICAN TANKERS LTD (NAT) is positive.
Can you provide the support and resistance levels for NORDIC AMERICAN TANKERS LTD?
NORDIC AMERICAN TANKERS LTD (NAT) has a support level at 5.23. Check the full technical report for our detailed analysis of NAT support and resistance levels.