NOVAGOLD RESOURCES INC (NG.CA) Stock Technical Analysis
TSX:NG • CA66987E2069
We assign a technical rating of 10 out of 10 to NG. Both in the recent history as in the last year, NG has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, NG did better than 91% of all other stocks. We also observe that the gains produced by NG over the past year are nicely spread over this period.
- NG is one of the better performing stocks in the Metals & Mining industry, it outperforms 75% of 803 stocks in the same industry.
- NG is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month NG has a been trading in the 11.26 - 16.27 range, which is quite wide. It is currently trading near the high of this range.
NG has an excellent technical rating, but the quality of the setup is only medium 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
11.47
We found 4 important support areas.
- A support zone ranging from 13.74 to 13.86. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @12.44 from a trend line in the weekly time frame.
- Support @11.79 from a trend line in the daily time frame.
- Support @11.59 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 15.96 to 16.01. This zone is formed by a combination of multiple trend lines 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 NG.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NG.CA is up. |
| ChartMill Relative Strength | 91.12 | POSITIVE | NG.CA has a high relative strength, it outperformed 91.12% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NG.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NG.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NG.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.87 | NEUTRAL | The RSI value for NG.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests NG.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 73.74 | NEUTRAL | The Stochastics value for NG.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 9.4 | HIGH VOLATILITY | The high ATR as a percentage value for NG.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 19.09 | NEGATIVE | The low ADX value for NG.CA suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 16.02 | 13.73 | 2.29 (14.29%) | 7.00% |
| An entry @16.02. This is a Buy Stop order right above the resistance zone. | An exit @13.73. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.29 points, which is 14.29%. | When investing 7.00% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
TSX:NG (2/20/2026, 7:00:00 PM)
14.77
-0.56 (-3.65%)
NOVAGOLD RESOURCES INC / NG.CA FAQ
What is the technical rating for NG stock?
ChartMill assigns a technical rating of 10 / 10 to NG.CA.
Can you provide the trend direction for NOVAGOLD RESOURCES INC?
The current trend direction for NOVAGOLD RESOURCES INC (NG.CA) is Bullish.
What is the RSI signal for NOVAGOLD RESOURCES INC (NG.CA) stock?
NOVAGOLD RESOURCES INC (NG.CA) has an RSI value of 53.8706. This indicates that the stock is currently neutral.
What is the short term momentum for NG stock?
The short term momentum for NOVAGOLD RESOURCES INC (NG.CA) is positive.
What are the support and resistance levels for NOVAGOLD RESOURCES INC (NG.CA) stock?
NOVAGOLD RESOURCES INC (NG.CA) has a support level at 13.86 and a resistance level at 15.96. Check the full technical report for our detailed analysis of NG.CA support and resistance levels.