NIOCORP DEVELOPMENTS LTD (NB) Stock Technical Analysis
USA - NASDAQ:NB - CA6544846091 - Common Stock
Taking everything into account, NB scores 7 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Although NB has an excellent technical rating, it does not offer a high 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.
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5.37
When analyzing the support we notice one important area.
- Support @5.42 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Resistance @6.28 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 | 98.48 | POSITIVE | NB has a high relative strength, it outperformed 98.48% 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) | 41.31 | NEUTRAL | The RSI value for NB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests NB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 15.8 | OVERSOLD | The low Stochastics value suggests NB may be oversold. |
| Average True Range in percent/ATR (20) | 15.1 | HIGH VOLATILITY | The high ATR as a percentage value for NB suggests high volalility. |
| Average Directional Index/ADX (14) | 26.56 | POSITIVE | The high ADX value value for NB suggests a strong trend. |
5.88
+0.45 (+8.29%)
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 41.3055. 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.