Overall NB gets a technical rating of 3 out of 10. 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 technical rating of NB is bad and it also does not present a 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
5.13
When analyzing the support we can see 2 important areas.
- Support @5.75 from a trend line in the weekly time frame.
- A support zone ranging from 5.18 to 5.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 6.09 to 6.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @6.52 from a horizontal 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 | NEUTRAL | NEUTRAL | The long term trend for NB is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NB is neutral. |
| ChartMill Relative Strength | 98.62 | POSITIVE | NB has a high relative strength, it outperformed 98.62% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of NB is above a declining 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 | POSITIVE | The current price of NB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.68 | NEUTRAL | The RSI value for NB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests NB has a positive trend. |
| Stochastics (14,3) | 22.57 | NEUTRAL | The Stochastics value for NB is a neutral value. |
| Average True Range in percent/ATR (20) | 8.31 | HIGH VOLATILITY | The high ATR as a percentage value for NB suggests high volalility. |
| Average Directional Index/ADX (14) | 11.73 | NEGATIVE | The low ADX value for NB suggests a weak or negative trend. |
5.95
+0.65 (+12.26%)
NIOCORP DEVELOPMENTS LTD / NB FAQ
What is the technical rating for NB stock?
ChartMill assigns a technical rating of 3 / 10 to NB.
What is the current trend direction of NIOCORP DEVELOPMENTS LTD (NB) stock?
The current trend direction for NIOCORP DEVELOPMENTS LTD (NB) is Bearish.
What is the RSI signal for NIOCORP DEVELOPMENTS LTD (NB) stock?
NIOCORP DEVELOPMENTS LTD (NB) has an RSI value of 50.6824. This indicates that the stock is currently neutral.
What is the short term momentum for NIOCORP DEVELOPMENTS LTD (NB) stock?
The short term momentum for NIOCORP DEVELOPMENTS LTD (NB) is neutral.