NORTHERN DYNASTY MINERALS (NAK) Stock Technical Analysis
NYSEARCA:NAK • CA66510M2040
Overall NAK gets a technical rating of 4 out of 10. 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.
- Looking at the yearly performance, NAK did better than 94% of all other stocks. On top of that, NAK also shows a nice and consistent pattern of rising prices.
- NAK has an average volume of 11360400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- NAK is an average performer in the Metals & Mining industry, it outperforms 45% of 156 stocks in the same industry.
- NAK is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NAK is lagging the market.
- In the last month NAK has a been trading in the 1.10 - 2.34 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
NAK has an average technical rating and it also does not offer a high 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 3 important areas.
- Support @1.26 from a trend line in the daily time frame.
- Support @1.05 from a trend line in the weekly time frame.
- Support @0.97 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 2.00 to 2.02. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The long term trend for NAK is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NAK is down. |
| ChartMill Relative Strength | 94.45 | POSITIVE | NAK has a high relative strength, it outperformed 94.45% 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 | POSITIVE | The current price of NAK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 41.63 | NEUTRAL | The RSI value for NAK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests NAK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 33.06 | NEUTRAL | The Stochastics value for NAK is a neutral value. |
| Average True Range in percent/ATR (20) | 13.85 | HIGH VOLATILITY | The high ATR as a percentage value for NAK suggests high volalility. |
| Average Directional Index/ADX (14) | 18.68 | NEGATIVE | The low ADX value for NAK suggests a weak or negative trend. |
1.55
+0.05 (+3.33%)
NORTHERN DYNASTY MINERALS / NAK FAQ
What is the technical rating for NAK stock?
ChartMill assigns a technical rating of 4 / 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 41.6347. 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 -0.0369344, indicating a bearish trend.