NIOCORP DEVELOPMENTS LTD (NB) Stock Technical Analysis
USA - NASDAQ:NB - CA6544846091 - Common Stock
6.09 USD
+0.26 (+4.46%)
6.2 USD
+0.11 (+1.81%)
Overall NB gets a technical rating of 7 out of 10. In the last year, NB was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month NB has a been trading in the 5.21 - 9.05 range, which is quite wide. It is currently trading near the lows of this range.
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. We also observe that the gains produced by NB over the past year are nicely spread over this period.
NB is one of the better performing stocks in the Metals & Mining industry, it outperforms 96% of 154 stocks in the same industry.
NB has an average volume of 9892720 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
NB is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so NB is lagging the market slightly.
Considerably lower volume is observed in the last couple of days.
NB has an excellent technical rating, but the quality of the setup is only medium 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
5.37
6.15
We found 3 important support areas.
- A support zone ranging from 5.87 to 5.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @5.58 from a trend line in the daily time frame.
- Support @5.42 from a horizontal 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 | UP | POSITIVE | The long term trend for NB is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NB is down. |
| ChartMill Relative Strength | 98.94 | POSITIVE | NB has a high relative strength, it outperformed 98.94% 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) | UP | MIXED | The current price of NB is below 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) | 44.46 | NEUTRAL | The RSI value for NB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests NB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 21.78 | NEUTRAL | The Stochastics value for NB is a neutral value. |
| Average True Range in percent/ATR (20) | 12.24 | HIGH VOLATILITY | The high ATR as a percentage value for NB suggests high volalility. |
| Average Directional Index/ADX (14) | 25.03 | 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)
6.09
+0.26 (+4.46%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg4.46%
1 Week-0.81%
2 Weeks0.25%
1 Month-28.01%
3 Month47.1%
6 Month146.56%
12 Month338.13%
2 Year87.38%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.64
ATR(20)%12.24%
ATR Inc-16.42%
Range Today0.57
ADR(20)0.69
ADR(20)%11.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.94
3 months CRS95.89
6 months CRS97.5
Mansfield6.67
10 Day High6.5
10 Day Low5.21
20 Day High9.05
20 Day Low5.21
52 Week High12.58
52 Week Low1.3
CS1 End5.93
CR1 StartN/A
Volume & EV
DER(3)-0.17%
DER(5)-0.52%
Volume5.17M
Volume Incr-37.24%
Vol(5)5.70M
Vol(50)9.89M
NIOCORP DEVELOPMENTS LTD / NB FAQ
What is the technical rating for NB stock?
ChartMill assigns a technical rating of 7 / 10 to NB.
Can you provide the trend direction for NIOCORP DEVELOPMENTS LTD?
The current trend direction for NIOCORP DEVELOPMENTS LTD (NB) is Bullish.
What is the RSI signal for NIOCORP DEVELOPMENTS LTD (NB) stock?
NIOCORP DEVELOPMENTS LTD (NB) has an RSI value of 44.4564. This indicates that the stock is currently neutral.
Can you provide the short term momentum for NIOCORP DEVELOPMENTS LTD?
The short term momentum for NIOCORP DEVELOPMENTS LTD (NB) is negative.
What is the buy/sell signal for NIOCORP DEVELOPMENTS LTD (NB) stock?
The buy/sell signal for NIOCORP DEVELOPMENTS LTD (NB) is hold as the short term and long term trends are mixed.