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Stock Trend Analysis Report

Prepared for you on Friday, April 19, 2024.

Nordic American Tankers Limited (NYSE:NAT)

Long-Term Downtrend (-90) - NAT is in a strong downtrend that is likely to continue. While NAT is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid NAT?

MarketClub looks at technical strength and momentum to determine if the timing is right for NAT.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYSE_NAT
Open High Low NAT Price Change
3.750 3.845 3.740 3.805 +0.035
Entry Signal

MarketClub’s Trade Triangles for NAT

long term down The long-term trend has been DOWN since Apr 18th, 2024 at 3.77

intermediate term down The intermediate-term trend has been DOWN since Jan 23rd, 2024 at 4.25

short term down The short-term trend has been DOWN since Apr 8th, 2024 at 3.97

Smart Scan Analysis for NAT

Based on our trend formula, NAT is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for NAT
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.750 3.845 3.740 3.805 +0.035
Prev. Close Volume Bid Ask Time
3.770 1709358 2024-04-19 15:59:26
Year High3.47Year High Date2018-11-08
Year Low1.82Year Low Date2018-02-09
52wk High4.8352wk High Date2023-10-30
52wk Low3.2652wk Low Date2023-05-04
Year End Close8.75Average Volume2,365,970
Shares Outstanding151,446Short Interest5,908,358
% Institutional31.9Market Cap281M
Assets836,332,000MLiabilities303,392,000M
P/E Ratio6.7321Beta1.06
Volatility79.89
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