NIOCORP DEVELOPMENTS LTD (NB) Technical Analysis
NASDAQ:NB • CA6544846091
Current stock price
NB Technical Rating and Analysis
We assign a technical rating of 3 out of 10 to NB. Although NB 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 neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- NB is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month NB has a been trading in the 4.15 - 5.18 range, which is quite wide. It is currently trading near the high of this range.
- NB has an average volume of 4656300 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 NB is one of the better performing stocks in the market, outperforming 90% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- NB is part of the Metals & Mining industry. There are 158 other stocks in this industry, NB did better than 61% of them.
NB Weekly and Daily overview Charts
NB Setup Rating and Analysis
Although the technical rating is bad, NB does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 4.97. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 4.67, a Stop Loss order could be placed below this zone.
More info and screens
NB Support and Resistance Analysis
4.14
When analyzing the support we can see 3 important areas.
- A support zone ranging from 4.58 to 4.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @4.42 from a horizontal line in the weekly time frame.
- A support zone ranging from 4.18 to 4.28. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 4.97 to 4.98. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @5.73 from a trend line in the weekly time frame.
NB Technical Indicator Signal Analysis
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 is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NB is neutral. |
| ChartMill Relative Strength | 90.48 | POSITIVE | NB has a high relative strength, it outperformed 90.48% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NB is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of NB is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.21 | NEUTRAL | The RSI value for NB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests NB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.78 | NEUTRAL | The Stochastics value for NB is a neutral value. |
| Average True Range in percent/ATR (20) | 6.63 | HIGH VOLATILITY | The high ATR as a percentage value for NB suggests high volalility. |
| Average Directional Index/ADX (14) | 23.29 | NEUTRAL | The ADX value for NB suggests a possible start of a new trend. |
NB Chart- and CandleStick Pattern Analysis
NB Technicals: Chart, Performance Metrics, Trend & Indicators
4.82
-0.14 (-2.82%)
NIOCORP DEVELOPMENTS LTD / NB TA FAQ
What is the technical rating for NB stock?
ChartMill assigns a technical rating of 3 / 10 to NB.
What is the trend direction for NB stock?
The current trend direction for NIOCORP DEVELOPMENTS LTD (NB) is Bearish.
Can you provide the RSI signal for NIOCORP DEVELOPMENTS LTD?
NIOCORP DEVELOPMENTS LTD (NB) has an RSI value of 49.2077. This indicates that the stock is currently neutral.
What is the MACD signal for NB stock?
The MACD indicator for NIOCORP DEVELOPMENTS LTD (NB) has a value of 0.0851875, indicating a bearish trend.
What is the short term momentum for NB stock?
The short term momentum for NIOCORP DEVELOPMENTS LTD (NB) is neutral.