NIOCORP DEVELOPMENTS LTD (NB) Stock Technical Analysis
USA - NASDAQ:NB - CA6544846091 - Common Stock
8.425 USD
-1.28 (-13.23%)
8.14 USD
-0.29 (-3.38%)
We assign a technical rating of 10 out of 10 to NB. Both in the recent history as in the last year, NB has proven to be a steady performer, scoring decent points in every aspect analyzed.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that NB is one of the better performing stocks in the market, outperforming 98% of all stocks.
NB is one of the better performing stocks in the Metals & Mining industry, it outperforms 97% of 155 stocks in the same industry.
NB has an average volume of 8123020 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
NB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NB is lagging the market.
In the last month NB has a been trading in the 6.12 - 12.58 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although NB has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Prices have been consolidating lately.
More info and screens
5.82
8.53
When analyzing the support we can see 2 important areas.
- A support zone ranging from 8.11 to 8.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.88 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 8.44 to 8.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 NB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NB is up. |
| ChartMill Relative Strength | 98.95 | POSITIVE | NB has a high relative strength, it outperformed 98.95% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of NB is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.66 | NEUTRAL | The RSI value for NB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests NB has a negative trend. |
| Stochastics (14,3) | 37.44 | NEUTRAL | The Stochastics value for NB is a neutral value. |
| Average True Range in percent/ATR (20) | 15.27 | HIGH VOLATILITY | The high ATR as a percentage value for NB suggests high volalility. |
| Average Directional Index/ADX (14) | 57.2 | POSITIVE | The high ADX value value for NB suggests a strong 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)
8.425
-1.28 (-13.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-13.23%
1 Week-27.81%
2 Weeks-7.42%
1 Month37.22%
3 Month168.31%
6 Month216.73%
12 Month343.42%
2 Year88.06%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.54
ATR(20)%15.27%
ATR Inc10.99%
Range Today0.75
ADR(20)1.19
ADR(20)%14.1%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.95
3 months CRS99.08
6 months CRS97.85
Mansfield15.13
10 Day High12.58
10 Day Low7.95
20 Day High12.58
20 Day Low6.12
52 Week High12.58
52 Week Low1.27
CS1 End8.11
CR1 Start8.44
Volume & EV
DER(3)-1.41%
DER(5)-4.66%
Volume10.80M
Volume Incr37.78%
Vol(5)16.48M
Vol(50)8.12M