NORDIC AMERICAN TANKERS LTD (NAT) Stock Technical Analysis
NYSE:NAT - New York Stock Exchange, Inc. - BMG657731060 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to NAT. In the past year, NAT was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, NAT is a bad performer in the overall market: 78% of all stocks are doing better.
NAT is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
In the last month NAT has a been trading in the 2.13 - 2.62 range, which is quite wide. It is currently trading near the high of this range.
NAT has an average volume of 2999830 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
NAT is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 48% of 212 stocks in the same industry.
Although the technical rating is bad, NAT does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 2.61. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.56, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for NAT in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
2.48
3.51
When analyzing the support we notice one important area.
- A support zone ranging from 2.50 to 2.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 2.61 to 2.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @3.02 from a trend line in the weekly time frame.
- Resistance @3.48 from a trend line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22.52
Mansfield-1.93
10 Day High2.62
10 Day Low2.44
20 Day High2.62
20 Day Low2.13
52 Week High4.4
52 Week Low2.13
Performance
1 Week1.56%
2 Weeks3.59%
1 Month10.64%
3 Month-3.7%
6 Month-19.75%
12 Month-34.51%
2 Year-25.93%
3 Year26.83%
5 Year-43.11%
10 Year-79.86%
15 Year-90.85%
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)0.02
RSI(14)58.08
LBB2.4
UBB2.62
2.6
+0.05 (+1.96%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg1.96%
1 Week1.56%
2 Weeks3.59%
1 Month10.64%
3 Month-3.7%
6 Month-19.75%
12 Month-34.51%
2 Year-25.93%
3 Year26.83%
5 Year-43.11%
10 Year-79.86%
15 Year-90.85%
Volatility
ATR(14)0.08
ATR(20)%4.15%
ATR Inc2.68%
Range Today0.08
ADR(20)0.1
ADR(20)%3.96%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22.52
Mansfield-1.93
10 Day High2.62
10 Day Low2.44
20 Day High2.62
20 Day Low2.13
52 Week High4.4
52 Week Low2.13
CS1 End2.56
CR1 Start2.61
Volume & EV
DER(3)3.6%
DER(5)2.61%
Volume2.98M
Volume Incr6.37%
Vol(5)2.93M
Vol(50)3.00M