NEO BATTERY MATERIALS LTD (NBM.CA) Stock Technical Analysis
TSX-V:NBM - TSX Venture Exchange - CA62908A1003 - Common Stock - Currency: CAD
Overall NBM gets a technical rating of 2 out of 10. Although NBM is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
NBM is one of the better performing stocks in the Electrical Equipment industry, it outperforms 100% of 14 stocks in the same industry.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
Looking at the yearly performance, NBM did better than 98% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
NBM 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 NBM is lagging the market slightly.
In the last month NBM has a been trading in the 0.53 - 0.78 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of NBM is bad and it also does not present a 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.
More info and screens
0.54
0.70
When analyzing the support we can see 2 important areas.
- Support @0.59 from a horizontal line in the weekly time frame.
- Support @0.55 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 0.67 to 0.69. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The long term trend for NBM.CA is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NBM.CA is down. |
| ChartMill Relative Strength | 98.88 | POSITIVE | NBM.CA has a high relative strength, it outperformed 98.88% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of NBM.CA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NBM.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NBM.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.64 | NEUTRAL | The RSI value for NBM.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests NBM.CA has a positive trend. |
| Stochastics (14,3) | 42.67 | NEUTRAL | The Stochastics value for NBM.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 7.58 | HIGH VOLATILITY | The high ATR as a percentage value for NBM.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 20.26 | NEUTRAL | The ADX value for NBM.CA 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)
TSX-V:NBM (5/23/2025, 7:00:00 PM)
0.64
+0.01 (+1.59%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg1.59%
1 Week-7.25%
2 Weeks6.67%
1 Month-4.48%
3 Month-23.81%
6 Month-31.91%
12 Month412%
2 Year103.18%
3 Year103.18%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%7.58%
ATR Inc-31.94%
Range Today0
ADR(20)0.05
ADR(20)%7.19%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.88
Mansfield2.77
10 Day High0.78
10 Day Low0.53
20 Day High0.78
20 Day Low0.53
52 Week High1.1
52 Week Low0.06
CS1 End0.59
CR1 Start0.67
Volume & EV
DER(3)35.15%
DER(5)25.7%
Volume10.55K
Volume Incr28.85%
Vol(5)59.75K
Vol(50)53.63K