NORDIC AMERICAN TANKERS LTD (NAT) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:NAT - BMG657731060 - Common Stock
We assign a technical rating of 10 out of 10 to NAT. 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, NAT did better than 88% of all other 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 208 other stocks in this industry. NAT outperforms 90% of them.
- A new 52 week high is currently being made by NAT, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month NAT has a been trading in the 3.33 - 4.07 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- NAT has an average volume of 2873810 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although NAT has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
3.34
2 important support areas can be observed.
- A support zone ranging from 3.55 to 3.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 3.37 to 3.41. This zone is formed by a combination of multiple trend lines 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 | 88.6 | POSITIVE | NAT has a high relative strength, it outperformed 88.6% 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) | 75.25 | OVERBOUGHT | The high RSI value suggests NAT may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests NAT has a positive trend. |
| Stochastics (14,3) | 97.93 | OVERBOUGHT | The high Stochastics value suggests NAT may be overbought. |
| Average True Range in percent/ATR (20) | 2.92 | MEDIUM VOLATILITY | The ATR as a percentage value for NAT suggests some volalility. |
| Average Directional Index/ADX (14) | 25.58 | POSITIVE | The high ADX value value for NAT suggests a strong trend. |
4.06
+0.1 (+2.53%)
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 75.2495. This indicates that the stock is currently overbought.
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 3.67. Check the full technical report for our detailed analysis of NAT support and resistance levels.