NORTHERN DYNASTY MINERALS (NAK) Technical Analysis
NYSEARCA:NAK • CA66510M2040
Taking everything into account, NAK scores 3 out of 10 in our technical rating. Although NAK is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- NAK is part of the Metals & Mining industry. There are 157 other stocks in this industry, of which 67% are performing better than NAK.
- In the last month NAK has a been trading in the 1.10 - 2.34 range, which is quite wide. It is currently trading near the lows of this range.
- NAK has an average volume of 11465400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that NAK is one of the better performing stocks in the market, outperforming 84% of all stocks. On top of that, NAK also shows a nice and consistent pattern of rising prices. However, this overall performance is mostly based on the strong move around 4 months ago.
- NAK is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so NAK is lagging the market slightly.
The technical rating of NAK is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
0.96
When analyzing the support we can see 4 important areas.
- Support @1.30 from a horizontal line in the weekly time frame.
- Support @1.26 from a trend line in the daily time frame.
- Support @1.06 from a trend line in the weekly time frame.
- Support @0.97 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 1.55 to 1.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.95 from a trend line in the daily time frame.
- Resistance @2.43 from a trend line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for NAK is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NAK is down. |
| ChartMill Relative Strength | 84.72 | POSITIVE | NAK has a high relative strength, it outperformed 84.72% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NAK is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NAK is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of NAK is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 37.09 | NEUTRAL | The RSI value for NAK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests NAK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 29.57 | NEUTRAL | The Stochastics value for NAK is a neutral value. |
| Average True Range in percent/ATR (20) | 15.18 | HIGH VOLATILITY | The high ATR as a percentage value for NAK suggests high volalility. |
| Average Directional Index/ADX (14) | 19.07 | NEGATIVE | The low ADX value for NAK suggests a weak or negative trend. |
NAK Technicals: Chart, Performance Metrics, Trend & Indicators
1.37
-0.11 (-7.43%)
NORTHERN DYNASTY MINERALS / NAK FAQ
What is the technical rating for NAK stock?
ChartMill assigns a technical rating of 3 / 10 to NAK.
What is the trend direction for NAK stock?
The current trend direction for NORTHERN DYNASTY MINERALS (NAK) is Bearish.
Can you provide the RSI signal for NORTHERN DYNASTY MINERALS?
NORTHERN DYNASTY MINERALS (NAK) has an RSI value of 37.0893. This indicates that the stock is currently neutral.
Can you provide the MACD signal for NORTHERN DYNASTY MINERALS?
The MACD indicator for NORTHERN DYNASTY MINERALS (NAK) has a value of -0.0270471, indicating a bearish trend.
What is the buy/sell signal for NAK stock?
The buy/sell signal for NORTHERN DYNASTY MINERALS (NAK) is sell as both the short term and long term trends are negative.