NORDIC AMERICAN TANKERS LTD (NAT) Stock Technical Analysis
NYSE:NAT - New York Stock Exchange, Inc. - BMG657731060 - Common Stock - Currency: USD
Taking everything into account, NAT scores 4 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. NAT was also a bad performer in the overall market in the last year.
NAT has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 2.82. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.69, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
2.52
When analyzing the support we notice one important area.
- Support @2.55 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 2.64 to 2.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 2.82 to 2.87. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for NAT is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NAT is neutral. |
| ChartMill Relative Strength | 17.84 | NEGATIVE | NAT has a low relative strength, it was outperformed by 82.16% 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 | MIXED | The current price of NAT is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NAT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.04 | NEUTRAL | The RSI value for NAT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests NAT has a negative trend. |
| Stochastics (14,3) | 30.86 | NEUTRAL | The Stochastics value for NAT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.64 | MEDIUM VOLATILITY | The ATR as a percentage value for NAT suggests some volalility. |
| Average Directional Index/ADX (14) | 14 | NEGATIVE | The low ADX value for NAT suggests a weak or negative trend. |
NYSE:NAT (6/30/2025, 12:17:56 PM)
2.63
-0.07 (-2.59%)