Forcast for nat at end of day. Is it lucritive

The forecast for Nordic American Tankers (NAT) for the end of the day on September 18, 2024, is as follows: 1. **Current Price and Recent Performance**: NAT's closing price on September 18, 2024, was $3.77, with a 1-week percentage change of 2.03% and a 1-month percentage change of 1.76%. 2. **Technical Indicators**: - The MACD (Moving Average Convergence Divergence) is at 0.04, which is a bullish signal as it indicates the potential for the stock to move upwards. - The KDJ (Stochastic Oscillator) is at 104.71, which is considered to be in the overbought territory but also suggests a strong bullish sentiment. - The RSI (Relative Strength Index) is at 67.29, which is close to the overbought territory but still indicates a strong bullish sentiment. 3. **Moving Averages**: The 5-day moving average is $3.67, and the 10-day moving average is $3.63, both of which are below the current price, suggesting a bullish trend. 4. **Analyst Ratings and Price Targets**: - The consensus rating for NAT is "Neutral" with an average price target of $4.00, which is higher than the current price, suggesting potential upside. - Analysts have set a higher 12-month forecast average price target of $4.60, indicating a potential for significant upside. 5. **Market Sentiment**: - Recent analyst actions include a price target reduction from $4.50 to $4.00, but the stock maintains an "in-line" rating, which is not as bearish as a "Sell" rating. - Institutional investors have increased their positions in NAT, indicating confidence in the stock's future performance. In conclusion, the forecast for NAT at the end of the day on September 18, 2024, is bullish. The stock is trading above its short-term and long-term moving averages, and the RSI and KDJ are in the overbought territory, suggesting a strong bullish sentiment. The analyst price targets and institutional activity also support a bullish outlook. However, as with any investment, there is always a risk of unexpected market changes, so investors should monitor the stock closely and consider their risk tolerance before making investment decisions.