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NAT Stock Tickeron detected bearish Stock Pattern: Three Falling Peaks NAT on October 22, 2024, netting in a 12.66% gain over 1 month

A.I.dvisor
at Tickeron.com
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+12.66% Gain from a Successful pattern Three Falling Peaks
NAT - Nordic American Tanker
Tickeron
Ticker: NAT
Company: Nordic American Tanker
Gain from shortening: +12.66%
Confirmed: 10/22/24
Succeeded: 11/11/24
Total length: 56 days
On September 16, 2024, A.I.dvisor detected a Three Falling Peaks Pattern (Bearish) for Nordic American Tanker (NAT, $3.55). 36 days later, on October 22, 2024, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On November 11, 2024, the stock hit the target price of $3.05 – resulting in a +1 gain for traders who shorted the stock on the pattern detection date.

NAT in -1.48% downward trend, sliding for three consecutive days on December 09, 2024

Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where NAT declined for three days, in of 283 cases, the price declined further within the following month. The odds of a continued downward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Aroon Indicator for NAT entered a downward trend on December 10, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The RSI Indicator demonstrates that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.

The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.

NAT may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Fundamental Analysis (Ratings)

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.109) is normal, around the industry mean (2.263). P/E Ratio (9.033) is within average values for comparable stocks, (22.440). NAT's Projected Growth (PEG Ratio) (0.000) is very low in comparison to the industry average of (0.458). Dividend Yield (0.155) settles around the average of (0.085) among similar stocks. P/S Ratio (1.540) is also within normal values, averaging (2.061).

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. NAT’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. NAT’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 71, placing this stock worse than average.

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NAT
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General Information

an operator of double hull crude oil tankers and Suezmax tankers

Industry MarineShipping

Profile
Fundamentals
Details
Industry
Marine Shipping
Address
26 Victoria Street
Phone
+441 2927202
Employees
18
Web
https://www.nat.bm