NIOCORP DEVELOPMENTS LTD (NB) Stock Technical Analysis
NASDAQ:NB - Nasdaq - CA6544846091 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to NB. NB has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
In the last month NB has a been trading in the 2.18 - 2.91 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
NB has an average volume of 1154770 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, NB outperforms 53% of them, which is more or less in line with the market.
NB is an average performer in the Metals & Mining industry, it outperforms 50% of 154 stocks in the same industry.
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.
Although the technical rating is only medium, NB does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 2.37. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.28, a Stop Loss order could be placed below this zone.
More info and screens
1.94
2.84
We found 5 important support areas.
- A support zone ranging from 2.37 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 2.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.15 from a trend line in the weekly time frame.
- Support @2.02 from a trend line in the daily time frame.
- Support @1.96 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @2.71 from a trend line in the weekly time frame.
- Resistance @2.81 from a trend line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS53.29
Mansfield1.85
10 Day High2.52
10 Day Low2.18
20 Day High2.91
20 Day Low2.18
52 Week High4.15
52 Week Low1.27
Performance
1 Week-0.84%
2 Weeks-5.6%
1 Month-8.88%
3 Month5.83%
6 Month69.78%
12 Month-4.07%
2 Year-56.22%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.03
RSI(14)48.66
LBB2.23
UBB2.53
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 2.40 | 2.23 | 0.17 (7.08%) | 14.12% |
| An entry @2.40. This is a Buy Stop order right above the resistance zone. | An exit @2.23. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.17 points, which is 7.08%. | When investing 14.12% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of NB. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NASDAQ:NB (5/21/2025, 3:13:48 PM)
2.42
+0.06 (+2.54%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg2.54%
1 Week-0.84%
2 Weeks-5.6%
1 Month-8.88%
3 Month5.83%
6 Month69.78%
12 Month-4.07%
2 Year-56.22%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.17
ATR(20)%8.3%
ATR Inc16.28%
Range Today0.13
ADR(20)0.19
ADR(20)%7.93%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS53.29
Mansfield1.85
10 Day High2.52
10 Day Low2.18
20 Day High2.91
20 Day Low2.18
52 Week High4.15
52 Week Low1.27
CS1 End2.28
CR1 Start2.37
Volume & EV
DER(3)1.37%
DER(5)2.5%
Volume286.36K
Volume Incr-79.76%
Vol(5)458.10K
Vol(50)1.15M