NORDIC AMERICAN TANKERS LTD (NAT)

BMG657731060 - Common Stock

3.86  +0.07 (+1.85%)

Premarket: 3.89 +0.03 (+0.78%)

Technical Rating and Analysis

0

Taking everything into account, NAT scores 0 out of 10 in our technical rating. NAT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
63% of all other stocks performed better in the past year than NAT.
NAT is part of the Oil, Gas & Consumable Fuels industry. There are 214 other stocks in this industry, of which 69% are performing better than NAT.
In the last month NAT has a been trading in the 3.72 - 4.05 range, which is quite wide. It is currently trading near the lows of this range.
NAT has an average volume of 2839890 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
NAT is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so NAT is lagging the market slightly.
Weekly and Daily overview Charts
NAT Weekly chart
NAT Daily chart
Setup Rating and Analysis

8

Although the technical rating is bad, NAT does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 3.81, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

3.66

4.48

When analyzing the support we notice one important area.

  • A support zone ranging from 3.70 to 3.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

When analyzing the resistance we notice 5 important areas.

  • A resistance zone ranging from 3.87 to 3.89. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • A resistance zone ranging from 3.99 to 4.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @4.12 from a horizontal line in the daily time frame.
  • A resistance zone ranging from 4.22 to 4.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @4.44 from a horizontal line in the daily time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS37.05
Mansfield-1.35
10 Day High4
10 Day Low3.72
20 Day High4.05
20 Day Low3.72
52 Week High4.83
52 Week Low3.26
Performance
1 Week2.39%
2 Weeks-3.02%
1 Month-1.28%
3 Month-14.03%
6 Month-19.08%
12 Month9.35%
2 Year50.78%
3 Year16.62%
5 Year80.37%
10 Year-55.27%
15 Year-88.11%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0
RSI(14)46.72
LBB3.72
UBB3.97
NAT Daily chart

NORDIC AMERICAN TANKERS LTD

NYSE:NAT (4/25/2024, 7:07:08 PM)

Premarket: 3.89 +0.03 (+0.78%)

3.86

+0.07 (+1.85%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg1.85%
1 Week2.39%
2 Weeks-3.02%
1 Month-1.28%
3 Month-14.03%
6 Month-19.08%
12 Month9.35%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.1
ATR(20)%2.28%
ATR Inc
Range Today0.14
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High4
10 Day Low3.72
20 Day High4.05
20 Day Low3.72
52 Week High4.83
52 Week Low3.26
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume1.89M
Volume Incr-13.77%
Vol(5)2.04M
Vol(50)2.84M