NORDIC AMERICAN TANKERS LTD (NAT) Stock Technical Analysis
USA - NYSE:NAT - BMG657731060 - Common Stock
Overall NAT gets a technical rating of 8 out of 10. Although NAT is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although NAT has an excellent technical rating, it does not offer a high quality setup 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
3.04
2 important support areas can be observed.
- A support zone ranging from 3.12 to 3.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.07 from a horizontal line in the daily time frame.
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 | 79.83 | POSITIVE | NAT has a high relative strength, it outperformed 79.83% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NAT is above 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) | 65.69 | NEUTRAL | The RSI value for NAT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests NAT has a positive trend. |
| Stochastics (14,3) | 86.87 | OVERBOUGHT | The high Stochastics value suggests NAT may be overbought. |
| Average True Range in percent/ATR (20) | 3.3 | MEDIUM VOLATILITY | The ATR as a percentage value for NAT suggests some volalility. |
| Average Directional Index/ADX (14) | 22.97 | NEUTRAL | The ADX value for NAT suggests a possible start of a new trend. |
3.57
+0.02 (+0.56%)
NORDIC AMERICAN TANKERS LTD / NAT FAQ
What is the technical rating for NAT stock?
ChartMill assigns a technical rating of 8 / 10 to NAT.
Can you provide the trend direction for NORDIC AMERICAN TANKERS LTD?
The current trend direction for NORDIC AMERICAN TANKERS LTD (NAT) is Bullish.
What is the RSI signal for NORDIC AMERICAN TANKERS LTD (NAT) stock?
NORDIC AMERICAN TANKERS LTD (NAT) has an RSI value of 65.6907. This indicates that the stock is currently neutral.
Can you provide the MACD signal for NORDIC AMERICAN TANKERS LTD?
The MACD indicator for NORDIC AMERICAN TANKERS LTD (NAT) has a value of 0.0241556, indicating a bearish trend.
What are the support and resistance levels for NORDIC AMERICAN TANKERS LTD (NAT) stock?
NORDIC AMERICAN TANKERS LTD (NAT) has a support level at 3.22. Check the full technical report for our detailed analysis of NAT support and resistance levels.