Nat stock price recently rebounded from a support zone

NAT stock price recently rebounded from a support zone at $3.75 as bullish demand from energy market optimism picked up. Technical charts signal a possible move toward $4.10 if crude shipping volumes rise in Q The short answer to this question is probably not. The oil business and global dependence on fossil fuels for energy are gradually ending as newer and more environmentally sustainable technologies increasingly replace oil as an energy source. The oil tanker stocks listed above also produced dismal long-term results for investors in recent years, an example being NAT which saw a decline of 85% over the past decade. Although these stocks may not be a good long-term investment, they can make an interesting vehicle for short-term speculation and day trading due to their volatility. The System Report captures technical information about the current page to help our support team troubleshoot any issues you may be experiencing. Demand growth in Asia’s crude imports has added bullish support to NAT stock price. Shipping distances to the region tend to boost overall revenue per voyage.