Nordic American Tankers Ltd owns and operates double hull crude oil tankers. It is an international tanker company that owns double-hull Suezmax tankers. It operates vessels in the spot market or on spot market-related charters pursuant to cooperative arrangements with third parties. The company's fleet consists of crude oil tankers, and all of its vessels are...
NAT has been falling drastically in price for the last 6-7months, after it was hyped up through March and April for the record low oil prices. After the oil prices started to rise again, NAT has just been going DOWN, showing no strenght what so ever.
Many people are interested in this stock because of the high dividend it's paying out which currently sits at...
NAT GAS looks to have a new coffee time at low side.
This depending on the last trends/news
- Expecting rage. 2.40 2.50 take great coffee time.
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This two year chat shows a 77% drop in Nat Gas from the high to the bottom - looks like the worst is over.
Use the red line as an ambitious target which the 2 year average price.
If you discount 25% for the 2020 Experience still looks like there is some up side - $17 - $18
No no no say so! Im ready to be full on bull but itll be later next month or 2. Need a month green bar then its good to go. Look for the big boys to funnel prices down and up for a while do not get fooled yet! But dont miss out and wish you would have bought some gas instead of farting it out and having to smell that pain while watching tv!
Remember to leave a like if you enjoy my content! Remember to watch the oil price, because NAT has shown to go the opposite price of the oil.
RSI shows oversold + strong support line at 4.92.
If the price breaks the trendline, it could rally up to 5.35 or even 5.55
Remember to watch out, if the support is broken, the stock could go really low.
Risk/Reward...
I'm bullish on this stock after investors dumped 40% of the stock! Anything above the yellow resistance line i'm bullish (right around 5.92-6.00)
Good Luck!
NAT was a breakout candidate we posted early last week. That breakout happened ($5 was the trigger). A close today under $7.50 would be a rejection as key resistance. But $10 is plausible.
Remember, this is about demand for new storage of cheap oil as Tank Tops sets in in WTI Crude. If June contract goes negative in coming weeks, the tanker squeeze rally...
Fundamental Analysis:
Overall shipping stocks are bullish, with gas prices so low and people ordering like crazy off their government checks. It definitely will be my next move in terms of hedging against this Covid crisis. I'm not putting any price targets because the situation is very dynamic and I will most likely take profits depending on how this plays...
