NORDIC AMERICAN TANKERS LTD (NAT) Technical Analysis
NYSE:NAT • BMG657731060
Current stock price
NAT Technical Rating and Analysis
Taking everything into account, NAT scores 10 out of 10 in our technical rating. 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.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that NAT is one of the better performing stocks in the market, outperforming 95% of all stocks. We also observe that the gains produced by NAT over the past year are nicely spread over this period.
- NAT is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 92% of 209 stocks in the same industry.
- NAT is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so NAT is leading the market.
- In the last month NAT has a been trading in the 4.91 - 6.34 range, which is quite wide. It is currently trading near the high of this range.
- NAT has an average volume of 5037510 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
NAT Weekly and Daily overview Charts
NAT Setup Rating and Analysis
Although NAT has an excellent technical rating, it does not present a decent entry opportunity 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
NAT Support and Resistance Analysis
3.72
When analyzing the support we can see 3 important areas.
- A support zone ranging from 5.88 to 5.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 5.61 to 5.62. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @3.76 from a trend line in the daily time frame.
NAT Technical Indicator Signal Analysis
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 | 95.33 | POSITIVE | NAT has a high relative strength, it outperformed 95.33% 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) | 59.81 | NEUTRAL | The RSI value for NAT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests NAT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 66.23 | NEUTRAL | The Stochastics value for NAT is a neutral value. |
| Average True Range in percent/ATR (20) | 5.31 | HIGH VOLATILITY | The high ATR as a percentage value for NAT suggests high volalility. |
| Average Directional Index/ADX (14) | 38.12 | POSITIVE | The high ADX value value for NAT suggests a strong trend. |
NAT Chart- and CandleStick Pattern Analysis
NAT Technicals: Chart, Performance Metrics, Trend & Indicators
5.94
-0.05 (-0.83%)
NORDIC AMERICAN TANKERS LTD / NAT TA FAQ
What is the technical rating for NAT stock?
ChartMill assigns a technical rating of 10 / 10 to NAT.
What is the trend direction for NAT stock?
The current trend direction for NORDIC AMERICAN TANKERS LTD (NAT) is Bullish.
Can you provide the RSI signal for NORDIC AMERICAN TANKERS LTD?
NORDIC AMERICAN TANKERS LTD (NAT) has an RSI value of 59.8116. This indicates that the stock is currently neutral.
What is the buy/sell signal for NAT stock?
The buy/sell signal for NORDIC AMERICAN TANKERS LTD (NAT) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for NORDIC AMERICAN TANKERS LTD?
NORDIC AMERICAN TANKERS LTD (NAT) has a support level at 5.93. Check the full technical report for our detailed analysis of NAT support and resistance levels.