RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of NAT
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Green day on Thursday for Nordic American Tankers Limited
(Updated on Mar 28, 2024)

Sell candidate since Mar 26, 2024 Gain 1.55% PDF

The Nordic American Tankers Limited stock price gained 0.256% on the last trading day (Thursday, 28th Mar 2024), rising from $3.91 to $3.92. During the last trading day the stock fluctuated 1.54% from a day low at $3.90 to a day high of $3.96. The price has fallen in 6 of the last 10 days and is down by -3.45% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 185 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $6.78 million.

The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -12.56% during the next 3 months and, with a 90% probability hold a price between $3.32 and $3.57 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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NAT Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, March 20, 2024, and so far it has risen 1.82%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Nordic American Tankers Limited stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $4.06. On a fall, the stock will find some support from the short-term average at $3.91. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.

Support, Risk & Stop-loss for Nordic American Tankers Limited stock

Nordic American Tankers Limited finds support from accumulated volume at $3.91 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.0600 (1.54%) between high and low. For the last week, the stock has had daily average volatility of 1.80%.

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

Trading Expectations (NAT) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Nordic American Tankers Limited to open at $3.93, and during the day (based on 14 day Average True Range), to move between $3.82 and $4.02, which gives a possible trading interval of +/-$0.102 (+/-2.61%) up or down from last closing price. If Nordic American Tankers Limited takes out the full calculated possible swing range there will be an estimated 5.23% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $3.91 (0.26%) than the resistance at $4.03 (2.81%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Nordic American Tankers Limited stock A Buy?

Nordic American Tankers Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -3.488 Sell Candidate Unchanged

Predicted Opening Price for Nordic American Tankers Limited of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$3.93 ( 0.170%) $3.92

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for NAT

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 3.99 1.70 %
R2 3.96 1.12 %
R1 3.95 0.755 %
Current price: 3.92
Support S1 3.90 -0.415 %
S2 3.89 -0.776 %
S3 3.87 -1.36 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 4.45 13.52 %
R2 4.16 6.12 %
R1 4.03 2.81 %
Current price 3.92
Support S1 3.91 -0.255%
S2 3.88 -1.02%
S3 3.85 -1.79%

NAT Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 29, 2024 Mar 19, 2024 Apr 10, 2024 $0.120 3.06%
2 Nov 29, 2023 Dec 19, 2023 Jan 17, 2024 $0.0600 1.34%
3 Aug 28, 2023 Sep 13, 2023 Oct 05, 2023 $0.130 3.25%
4 May 22, 2023 Jun 14, 2023 Jul 06, 2023 $0.150 4.13%
5 Feb 27, 2023 Mar 13, 2023 Mar 28, 2023 $0.150 3.85%

FAQ

What is the symbol for Nordic American Tankers Limited Stock and on which exchange is it traded?
The symbol for Nordic American Tankers Limited is NAT and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Nordic American Tankers Limited Stock?
Nordic American Tankers Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

How to buy Nordic American Tankers Limited Stock?
Nordic American Tankers Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Nordic American Tankers Limited Stock.

What's the current price of Nordic American Tankers Limited Stock?
As of the end of day on the 2024-03-28, the price of an Nordic American Tankers Limited (NAT) share was $3.92.

What is the 52-week high and low for Nordic American Tankers Limited Stock?
The 52-week high for Nordic American Tankers Limited Stock is $4.83 and the 52-week low is $3.26.

What is the market capitalization of Nordic American Tankers Limited Stock?
As of the 2024-03-28, the market capitalization of Nordic American Tankers Limited is 805.953M.

When is the next earnings date for Nordic American Tankers Limited?
The upcoming earnings date for Nordic American Tankers Limited is May 27, 2024.
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About Nordic American Tankers Limited

Nordic American Tankers Limited Nordic American Tankers Limited, a tanker company, acquires and charters double-hull tankers in Bermuda and internationally. It operates a fleet of 24 Suezmax crude oil tankers. The company was formerly known as Nordic American Tanker Shipping Limited and changed its name to Nordic American Tankers Limited in June 2011. The company was incorporated in 1995 and is based in Hamilton, Bermuda.... NAT Profile

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