NEO BATTERY MATERIALS LTD (NBM.CA) Stock Technical Analysis
TSX-V:NBM - TSX Venture Exchange - CA62908A1003 - Common Stock - Currency: CAD
Taking everything into account, NBM scores 2 out of 10 in our technical rating. 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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
NBM is one of the better performing stocks in the Electrical Equipment industry, it outperforms 71% of 15 stocks in the same industry.
Looking at the yearly performance, NBM did better than 91% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
NBM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NBM is lagging the market.
In the last month NBM has a been trading in the 0.42 - 0.54 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, NBM does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 0.44, a Stop Loss order could be placed below this zone.
More info and screens
0.41
0.49
2 important support areas can be observed.
- A support zone ranging from 0.44 to 0.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.41 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- Resistance @0.46 from a trend line in the daily time frame.
- A resistance zone ranging from 0.48 to 0.48. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @0.49 from a trend 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 | DOWN | NEGATIVE | The long term trend for NBM.CA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NBM.CA is down. |
| ChartMill Relative Strength | 91.83 | POSITIVE | NBM.CA has a high relative strength, it outperformed 91.83% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NBM.CA is below 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) | DOWN | NEGATIVE | The current price of NBM.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.59 | NEUTRAL | The RSI value for NBM.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests NBM.CA has a positive trend. |
| Stochastics (14,3) | 37.25 | NEUTRAL | The Stochastics value for NBM.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 5 | MEDIUM VOLATILITY | The ATR as a percentage value for NBM.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 20.58 | 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 (8/8/2025, 7:00:00 PM)
0.46
+0.01 (+2.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg2.22%
1 Week1.1%
2 Weeks-4.17%
1 Month-11.54%
3 Month-23.33%
6 Month-49.45%
12 Month178.79%
2 Year80.39%
3 Year50.82%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.02
ATR(20)%5%
ATR Inc-33.33%
Range Today0
ADR(20)0.02
ADR(20)%4.29%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.83
Mansfield-2.74
10 Day High0.49
10 Day Low0.43
20 Day High0.54
20 Day Low0.43
52 Week High1.1
52 Week Low0.09
CS1 End0.44
CR1 Start0.46
Volume & EV
DER(3)-0.93%
DER(5)-1.44%
Volume500
Volume Incr-9.61%
Vol(5)31.65K
Vol(50)57.95K