NIOCORP DEVELOPMENTS LTD (NB) Stock Technical Analysis
NASDAQ:NB • CA6544846091
Taking everything into account, NB scores 4 out of 10 in our technical rating. 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.
- In the last month NB has a been trading in the 5.21 - 8.18 range, which is quite wide. It is currently trading near the lows of this range.
- Looking at the yearly performance, NB did better than 94% of all other stocks. On top of that, NB also shows a nice and consistent pattern of rising prices.
- NB has an average volume of 5177320 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- NB is part of the Metals & Mining industry. There are 157 other stocks in this industry, NB did better than 53% of them.
- 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.
NB has an average technical rating and the quality of the presented setup is also not ideal 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
We found 1 important support area.
- A support zone ranging from 5.18 to 5.18. This zone is formed by a combination of multiple trend lines in the daily time frame.
3 important resistance areas can be observed.
- Resistance @6.84 from a trend line in the daily time frame.
- Resistance @6.98 from a trend line in the weekly time frame.
- Resistance @7.16 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 NB is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NB is down. |
| ChartMill Relative Strength | 94.52 | POSITIVE | NB has a high relative strength, it outperformed 94.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NB is below 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) | 41.47 | NEUTRAL | The RSI value for NB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests NB has a negative trend. |
| Stochastics (14,3) | 9.2 | OVERSOLD | The low Stochastics value suggests NB may be oversold. |
| Average True Range in percent/ATR (20) | 13.53 | HIGH VOLATILITY | The high ATR as a percentage value for NB suggests high volalility. |
| Average Directional Index/ADX (14) | 17.19 | NEGATIVE | The low ADX value for NB suggests a weak or negative trend. |
5.34
-0.2 (-3.61%)
NIOCORP DEVELOPMENTS LTD / NB FAQ
What is the technical rating for NB stock?
ChartMill assigns a technical rating of 4 / 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 41.4744. 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 negative.