We assign a technical rating of 10 out of 10 to NAK. Both in the recent history as in the last year, NAK has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although NAK has an excellent technical rating, the quality of the presented setup is not ideal 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.
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0.79
When analyzing the support we can see 3 important areas.
- A support zone ranging from 1.95 to 1.98. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 1.76 to 1.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.80 from a horizontal 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 | UP | POSITIVE | The long term trend for NAK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NAK is up. |
| ChartMill Relative Strength | 99.3 | POSITIVE | NAK has a high relative strength, it outperformed 99.3% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NAK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NAK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NAK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.37 | NEUTRAL | The RSI value for NAK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests NAK has a positive trend. |
| Stochastics (14,3) | 79.84 | NEUTRAL | The Stochastics value for NAK is a neutral value. |
| Average True Range in percent/ATR (20) | 6.47 | HIGH VOLATILITY | The high ATR as a percentage value for NAK suggests high volalility. |
| Average Directional Index/ADX (14) | 23.01 | NEUTRAL | The ADX value for NAK suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 2.28 | 1.94 | 0.34 (14.91%) | 6.71% |
| An entry @2.28. This is a Buy Stop order right above the 10 day high. | An exit @1.94. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.34 points, which is 14.91%. | For a 1.00% total portfolio risk, you can invest 6.71% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
2.21
+0.05 (+2.31%)
NORTHERN DYNASTY MINERALS / NAK FAQ
What is the technical rating for NAK stock?
ChartMill assigns a technical rating of 10 / 10 to NAK.
What is the current trend direction of NORTHERN DYNASTY MINERALS (NAK) stock?
The current trend direction for NORTHERN DYNASTY MINERALS (NAK) is Bullish.
Can you provide the RSI signal for NORTHERN DYNASTY MINERALS?
NORTHERN DYNASTY MINERALS (NAK) has an RSI value of 64.3689. This indicates that the stock is currently neutral.
What is the short term momentum for NORTHERN DYNASTY MINERALS (NAK) stock?
The short term momentum for NORTHERN DYNASTY MINERALS (NAK) is positive.
What are the support and resistance levels for NORTHERN DYNASTY MINERALS (NAK) stock?
NORTHERN DYNASTY MINERALS (NAK) has a support level at 1.98. Check the full technical report for our detailed analysis of NAK support and resistance levels.