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 6 out of 10 to NAT. NAT has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
Although the technical rating is only medium, NAT does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 2.79. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.67, 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. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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.
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2.52
We found 2 important support areas.
- A support zone ranging from 2.60 to 2.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 2.55 to 2.55. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 2.79 to 2.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.89 from a trend line in the weekly time frame.
- Resistance @3.40 from a trend line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for NAT is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NAT is up. |
| ChartMill Relative Strength | 23.41 | NEGATIVE | NAT has a low relative strength, it was outperformed by 76.59% 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) | DOWN | NEGATIVE | The current price of NAT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.51 | NEUTRAL | The RSI value for NAT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests NAT has a positive trend. |
| Stochastics (14,3) | 69.92 | NEUTRAL | The Stochastics value for NAT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.06 | MEDIUM VOLATILITY | The ATR as a percentage value for NAT suggests some volalility. |
| Average Directional Index/ADX (14) | 15.94 | NEGATIVE | The low ADX value for NAT suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 2.83 | 2.59 | 0.24 (8.48%) | 11.79% |
| An entry @2.83. This is a Buy Stop order right above the resistance zone. | An exit @2.59. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.24 points, which is 8.48%. | When investing 11.79% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NYSE:NAT (6/5/2025, 10:26:25 AM)
2.7403
-0.04 (-1.43%)