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NAO - Nordic American Offshore Ltd Mon 27'th Feb 2017

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Sell Candidate

Score: -4.51

#5051 of 5165
Trend:
MV Long:
MV Short:
Pivot:
Volume:
MACD:
Score:
Accuracy: 87.50%
Risk: High
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Stock analysis for Mon 27'th Feb 2017 (Updated daily)

Sell candidate since 2017-02-21

Loss -40.48%

Nordic American Offshore Ltd Stock Analysis


No changes to the price of Nordic American Offshore Ltd in the last trading day. The price has fallen in 5 of the last 10 days and is down by -48.98% for this period.

Trend

has broken the falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point ( USD ) are considered to be a "second chance" to get out. According to the fan-theory USD 0 will represent the new bottom line of the next trend, but it is far too early to say this for certain.

Signals

There are few to none technical positive signals at the moment. Nordic American Offshore Ltd holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at USD 1.94 and USD 2.52. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Friday February 17, 2017, which indicates further falls until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This doesn’t cause any direct divergence but may be an early warning and a possible "turning point".

Relative Strength Index (RSI)

RSI14 is 12 and the stock is currently not being overbought or oversold

Support & Resistance

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days. There is no resistance from accumulated volume above today's level and given the right condition the stock may perform very well during the next couple of days.

Risk

This stock may move much during a day (volatility) and with periodic low trading volume this stockstock is considered to be "high risk". During the last day, the stock moved USD 0.05 between high and low, or 4.17%. For the last week the stock has had a daily average volatility of 11.41%.

Nordic American Offshore Ltd is overbought on RSI14 (12). Some stocks may go long and hard while being overbought on RSI, but overbought increases the general risk as higher volatility could be expected, and at some level the stock will have a reaction back to gain new strength.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

Evaluation

Nordic American Offshore Ltd holds several negative signals and is within a very wide and strong falling trend, so we believe it will still perform weak in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.

Sell Candidate


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