Is Nordic American Tankers Ltd. technically bullish or bearish?

Jun 25 2025 08:32 AM IST
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As of April 24, 2025, the market trend is mildly bearish, with mixed signals from moving averages and MACD indicators across different time frames, suggesting a cautious outlook.
As of 24 April 2025, the technical trend has changed from bearish to mildly bearish. The current stance is mildly bearish, driven primarily by the daily moving averages indicating a bearish sentiment. The weekly MACD shows a mildly bullish signal, but the monthly MACD remains bearish, suggesting mixed signals across time frames. Bollinger Bands are bullish on the weekly but mildly bearish on the monthly, adding to the overall uncertainty. The Dow Theory indicates no trend on the weekly but mildly bullish on the monthly, further complicating the outlook. Overall, the indicators reflect a cautious approach, with the strength of the bearish sentiment being moderate.
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