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NORDIC AMERICAN TANKERS LTD (NAT) Stock Technical Analysis

NYSE:NAT - New York Stock Exchange, Inc. - BMG657731060 - Common Stock - Currency: USD

2.7403  -0.04 (-1.43%)

Technical Rating and Analysis

6

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.

77% of all other stocks performed better in the past year than NAT.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month NAT has a been trading in the 2.54 - 2.84 range, which is quite wide. It is currently trading near the high of this range.
NAT has an average volume of 2526360 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
NAT is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 46% of 213 stocks in the same industry.
NAT is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so NAT is lagging the market slightly.
Weekly and Daily overview Charts
NORDIC AMERICAN TANKERS LTD / NAT Weekly stock chart
NORDIC AMERICAN TANKERS LTD / NAT Daily stock chart
Setup Rating and Analysis

8

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.
Support and Resistance Analysis

2.52

3.43

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.
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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorNEUTRALNEUTRALThe long term trend for NAT is neutral.
ChartMill Short Term Trend IndicatorUPPOSITIVEThe short term trend for NAT is up.
ChartMill Relative Strength23.41NEGATIVENAT has a low relative strength, it was outperformed by 76.59% off all stocks on the market.
Simple Moving Average/SMA (20)UPPOSITIVEThe current price of NAT is above the rising SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of NAT is above the rising SMA(50).
Simple Moving Average/SMA (200)DOWNNEGATIVEThe current price of NAT is below a declining SMA(200).
Relative Strength Index/RSI (14)60.51NEUTRALThe RSI value for NAT is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)0POSITIVEThe MACD value suggests NAT has a positive trend.
Stochastics (14,3)69.92NEUTRALThe Stochastics value for NAT is a neutral value.
Average True Range in percent/ATR (20)3.06MEDIUM VOLATILITYThe ATR as a percentage value for NAT suggests some volalility.
Average Directional Index/ADX (14)15.94NEGATIVEThe low ADX value for NAT suggests a weak or negative trend.
Chart- and CandleStick Pattern Analysis
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)
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
2.832.590.24 (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.
NORDIC AMERICAN TANKERS LTD / NAT Daily stock chart

NORDIC AMERICAN TANKERS LTD

NYSE:NAT (6/5/2025, 10:26:25 AM)

2.7403

-0.04 (-1.43%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-1.43%
1 Week4.91%
2 Weeks2.21%
1 Month4.91%
3 Month10.32%
6 Month3.73%
12 Month-31.19%
2 Year-24.25%
3 Year30.52%
5 Year-31.53%
10 Year-80.46%
15 Year-90.1%
Volatility
ATR(14)0.09
ATR(20)%3.06%
ATR Inc61.06%
Range Today0.07
ADR(20)0.08
ADR(20)%2.97%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.41
Mansfield-1.31
10 Day High2.84
10 Day Low2.55
20 Day High2.84
20 Day Low2.54
52 Week High4.23
52 Week Low2.13
CS1 End2.67
CR1 Start2.79
Volume & EV
DER(3)4.9%
DER(5)0.88%
Volume354.27K
Volume Incr11.16%
Vol(5)2.63M
Vol(50)2.53M