NOVAGOLD RESOURCES INC (NG.CA) Stock Technical Analysis
TSX:NG - Toronto Stock Exchange - CA66987E2069 - Common Stock - Currency: CAD
We assign a technical rating of 9 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.
NG 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 NG is lagging the market slightly.
In the last month NG has a been trading in the 4.97 - 6.62 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, NG did better than 86% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
NG is part of the Metals & Mining industry. There are 805 other stocks in this industry, NG did better than 69% of them.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although NG has an excellent technical rating, it does not present a decent entry opportunity 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
3.79
6.66
When analyzing the support we can see 5 important areas.
- A support zone ranging from 6.06 to 6.13. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @5.48 from a trend line in the daily time frame.
- Support @5.20 from a trend line in the daily time frame.
- Support @5.09 from a horizontal line in the daily time frame.
- Support @3.83 from a trend line in the weekly 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 | 86.21 | POSITIVE | NG.CA has a high relative strength, it outperformed 86.21% 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) | 65.98 | NEUTRAL | The RSI value for NG.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests NG.CA has a positive trend. |
| Stochastics (14,3) | 96.79 | OVERBOUGHT | The high Stochastics value suggests NG.CA may be overbought. |
| Average True Range in percent/ATR (20) | 4.4 | MEDIUM VOLATILITY | The ATR as a percentage value for NG.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 20.85 | NEUTRAL | The ADX value for NG.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:NG (7/11/2025, 7:00:00 PM)
6.59
+0.12 (+1.85%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg1.85%
1 Week6.29%
2 Weeks16.64%
1 Month11.13%
3 Month69.41%
6 Month31.8%
12 Month19.38%
2 Year10.94%
3 Year5.61%
5 Year-46.2%
10 Year64.75%
15 Year3.45%
Volatility
ATR(14)0.32
ATR(20)%4.4%
ATR Inc-37.13%
Range Today0.21
ADR(20)0.28
ADR(20)%4.21%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.21
Mansfield1.81
10 Day High6.62
10 Day Low5.37
20 Day High6.62
20 Day Low4.97
52 Week High6.99
52 Week Low3.22
CS1 End6.13
CR1 StartN/A
Volume & EV
DER(3)0%
DER(5)0%
Volume441.58K
Volume Incr-1.59%
Vol(5)477.67K
Vol(50)567.89K