NIOCORP DEVELOPMENTS LTD (NB) Stock Technical Analysis
NASDAQ:NB - CA6544846091 - Common Stock
4.37 USD
-0.23 (-5%)
4.34 USD
-0.03 (-0.69%)
Overall NB gets a technical rating of 10 out of 10. 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.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, NB did better than 97% of all other stocks. On top of that, NB also shows a nice and consistent pattern of rising prices.
NB is one of the better performing stocks in the Metals & Mining industry, it outperforms 92% of 156 stocks in the same industry.
NB is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so NB is lagging the market slightly.
In the last month NB has a been trading in the 3.21 - 5.19 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
NB has an average volume of 3752030 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
NB has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 4.37, a Stop Loss order could be placed below this zone.
More info and screens
2.23
4.93
We found 4 important support areas.
- A support zone ranging from 4.32 to 4.37. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @3.31 from a trend line in the daily time frame.
- Support @2.64 from a trend line in the weekly time frame.
- Support @2.25 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- Resistance @4.57 from a trend line in the daily time frame.
- Resistance @4.75 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 4.85 to 4.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 97.2 | POSITIVE | NB has a high relative strength, it outperformed 97.2% 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) | 55.89 | NEUTRAL | The RSI value for NB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests NB has a negative trend. |
| Stochastics (14,3) | 60.16 | NEUTRAL | The Stochastics value for NB is a neutral value. |
| Average True Range in percent/ATR (20) | 12.15 | HIGH VOLATILITY | The high ATR as a percentage value for NB suggests high volalility. |
| Average Directional Index/ADX (14) | 29.2 | 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)
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 |
|---|---|---|---|
| 4.58 | 4.31 | 0.27 (5.90%) | 16.96% |
| An entry @4.58. This is a Buy Stop order right above the resistance zone. | An exit @4.31. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.27 points, which is 5.90%. | For a 1.00% total portfolio risk, you can invest 16.96% of your capital in this trade. |
- 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.
4.37
-0.23 (-5%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-5%
1 Week-0.91%
2 Weeks0%
1 Month31.63%
3 Month68.73%
6 Month102.32%
12 Month164.85%
2 Year20.39%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.46
ATR(20)%12.15%
ATR Inc-33.42%
Range Today0.29
ADR(20)0.52
ADR(20)%12%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.2
Mansfield7.5
10 Day High5.19
10 Day Low3.5
20 Day High5.19
20 Day Low3.21
52 Week High5.19
52 Week Low1.27
CS1 End4.37
CR1 Start4.57
Volume & EV
DER(3)-2.77%
DER(5)0.99%
Volume3.32M
Volume Incr-38.97%
Vol(5)3.36M
Vol(50)3.75M