Nordic American Tankers Technical Analysis (NYSE:NAT)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The Nordic American Tankers stock price data and volume are plotted in NAT stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Nordic American Tankers. Technical analysis uses an approach for Nordic American Tankers stock analysis that does not care for the fair value of a company but uses price and volume data only.
Nordic American Tankers Moving Average
Moving averages help predict the price direction of NAT stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Nordic American Tankers are mostly signals of long term trends and will help long term traders.
Nordic American Tankers Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Nordic American Tankers. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Nordic American Tankers bollinger bands show that the stock price is $2.28, upper band is 2.35, lower band is 2.08, and the average is 2.22.
Nordic American Tankers Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Nordic American Tankers MACD indicator is below 0 indicating a bearish trend.
Nordic American Tankers Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . The relative strength index of NAT stock is 44.79.