NIOCORP DEVELOPMENTS LTD (NB) Stock Technical Analysis
NASDAQ:NB - Nasdaq - CA6544846091 - Common Stock - Currency: USD
Taking everything into account, NB scores 9 out of 10 in our technical rating. 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.
Both the short term and long term trends are positive. This is a very positive sign.
NB has an average volume of 1249130 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, NB did better than 91% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
NB is part of the Metals & Mining industry. There are 155 other stocks in this industry, NB did better than 65% 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.
In the last month NB has a been trading in the 2.20 - 2.90 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
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
2.09
2.88
3 important support areas can be observed.
- A support zone ranging from 2.36 to 2.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 2.24 to 2.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.11 from a trend line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 2.63 to 2.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 2.78 to 2.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.85 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 | 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 | 91.54 | POSITIVE | NB has a high relative strength, it outperformed 91.54% 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) | 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) | 55.67 | NEUTRAL | The RSI value for NB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests NB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 48.21 | NEUTRAL | The Stochastics value for NB is a neutral value. |
| Average True Range in percent/ATR (20) | 6.12 | HIGH VOLATILITY | The high ATR as a percentage value for NB suggests high volalility. |
| Average Directional Index/ADX (14) | 21.8 | NEUTRAL | The ADX value for NB suggests a possible start of a new 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)
2.62
+0.05 (+1.95%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg1.95%
1 Week-2.6%
2 Weeks10.08%
1 Month10.08%
3 Month43.96%
6 Month79.45%
12 Month28.43%
2 Year-47.91%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.16
ATR(20)%6.12%
ATR Inc19.04%
Range Today0.17
ADR(20)0.15
ADR(20)%5.82%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.54
Mansfield2.9
10 Day High2.9
10 Day Low2.25
20 Day High2.9
20 Day Low2.2
52 Week High4.15
52 Week Low1.27
CS1 End2.39
CR1 Start2.63
Volume & EV
DER(3)1.48%
DER(5)-3.55%
Volume559.20K
Volume Incr54.4%
Vol(5)737.54K
Vol(50)1.25M