NIOCORP DEVELOPMENTS LTD (NB.CA) Stock Technical Analysis
TSX:NB - Toronto Stock Exchange - CA6544846091 - Common Stock - Currency: CAD
Taking everything into account, NB scores 1 out of 10 in our technical rating. NB's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
91% of all other stocks performed better in the past year than NB.
NB is part of the Metals & Mining industry. There are 811 other stocks in this industry, of which 80% are performing better than NB.
NB is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month NB has a been trading in the 2.70 - 5.40 range, which is quite wide. It is currently trading near the lows of this range.
Warning: NB has an average volume of 14998 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
The technical rating of NB is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
3.40
4.89
5 important resistance areas can be observed.
- A resistance zone ranging from 3.44 to 3.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @3.82 from a trend line in the weekly time frame.
- Resistance @3.96 from a trend line in the weekly time frame.
- Resistance @4.63 from a trend line in the daily time frame.
- Resistance @4.84 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 NB.CA is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NB.CA is neutral. |
| ChartMill Relative Strength | 9.53 | NEGATIVE | NB.CA has a low relative strength, it was outperformed by 90.47% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NB.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of NB.CA is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NB.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.45 | NEUTRAL | The RSI value for NB.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests NB.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 27.34 | NEUTRAL | The Stochastics value for NB.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 10.28 | HIGH VOLATILITY | The high ATR as a percentage value for NB.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 15.37 | NEGATIVE | The low ADX value for NB.CA suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
TSX:NB (5/3/2024, 7:00:00 PM)
3.43
+0.37 (+12.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg12.09%
1 Week8.54%
2 Weeks4.89%
1 Month-0.29%
3 Month-14.46%
6 Month-38.09%
12 Month-57.55%
2 Year-68.82%
3 Year-72.56%
5 Year-40.86%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.26
ATR(20)%10.28%
ATR Inc144.89%
Range Today0.76
ADR(20)0.33
ADR(20)%9.72%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.53
Mansfield-3.89
10 Day High3.6
10 Day Low2.7
20 Day High5.4
20 Day Low2.7
52 Week High8.41
52 Week Low2.7
CS1 EndN/A
CR1 Start3.44
Volume & EV
DER(3)-2.51%
DER(5)-6.85%
Volume38.93K
Volume Incr102.33%
Vol(5)37.14K
Vol(50)15.00K