NORTHERN DYNASTY MINERALS (NAK) Stock Technical Analysis
USA - NYSEARCA:NAK - CA66510M2040 - Common Stock
Taking everything into account, NAK scores 9 out of 10 in our technical rating. In the last year, NAK was one of the better performers, but we do observe some doubts in the very recent evolution.
Besides having an excellent technical rating, NAK also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 1.69, a Stop Loss order could be placed below this zone.
More info and screens
0.85
We found 4 important support areas.
- A support zone ranging from 1.69 to 1.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.93 from a trend line in the daily time frame.
- Support @0.90 from a trend line in the weekly time frame.
- A support zone ranging from 0.86 to 0.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- Resistance @1.84 from a horizontal line in the daily time frame.
- Resistance @2.02 from a trend line in the weekly 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 | NEUTRAL | NEUTRAL | The short term trend for NAK is neutral. |
| ChartMill Relative Strength | 98.61 | POSITIVE | NAK has a high relative strength, it outperformed 98.61% 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) | 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) | 44.99 | NEUTRAL | The RSI value for NAK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests NAK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 23.61 | NEUTRAL | The Stochastics value for NAK is a neutral value. |
| Average True Range in percent/ATR (20) | 9.67 | HIGH VOLATILITY | The high ATR as a percentage value for NAK suggests high volalility. |
| Average Directional Index/ADX (14) | 22.52 | 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 |
|---|---|---|---|
| 1.85 | 1.68 | 0.17 (9.19%) | 10.88% |
| An entry @1.85. This is a Buy Stop order right above the resistance zone. | An exit @1.68. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.17 points, which is 9.19%. | When investing 10.88% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of NAK. Please evaluate whether better entry and exit points can be found.
- 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.
1.7
-0.03 (-1.73%)
NORTHERN DYNASTY MINERALS / NAK FAQ
What is the technical rating for NAK stock?
ChartMill assigns a technical rating of 9 / 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 44.9854. 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 neutral.
What are the support and resistance levels for NORTHERN DYNASTY MINERALS (NAK) stock?
NORTHERN DYNASTY MINERALS (NAK) has a support level at 1.69 and a resistance level at 1.84. Check the full technical report for our detailed analysis of NAK support and resistance levels.