NOVAGOLD RESOURCES INC (NG.CA) Stock Technical Analysis
TSX:NG - Toronto Stock Exchange - CA66987E2069 - Common Stock - Currency: CAD
Overall NG gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, NG is only an average performer.
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 is also trading in the upper part of its 52 week range, so NG is performing more or less in line with the market.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
When comparing the performance of all stocks over the past year, NG turns out to be only a medium performer in the overall market: it outperformed 69% of all stocks.
NG is an average performer in the Metals & Mining industry, it outperforms 53% of 807 stocks in the same industry.
In the last month NG has a been trading in the 4.71 - 6.61 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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
3.75
6.48
We found 2 important support areas.
- A support zone ranging from 4.90 to 5.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.79 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @6.09 from a trend line in the weekly time frame.
- Resistance @6.42 from a horizontal 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 | 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 | 69.43 | NEUTRAL | NG.CA is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of NG.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.31 | NEUTRAL | The RSI value for NG.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests NG.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 72.96 | NEUTRAL | The Stochastics value for NG.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.62 | HIGH VOLATILITY | The high ATR as a percentage value for NG.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 19.75 | NEGATIVE | The low ADX value for NG.CA suggests a weak or negative 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 (6/6/2025, 7:00:00 PM)
5.75
-0.3 (-4.96%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-4.96%
1 Week16.63%
2 Weeks17.11%
1 Month9.73%
3 Month12.52%
6 Month19.05%
12 Month11.65%
2 Year9.52%
3 Year-6.5%
5 Year-53.82%
10 Year34.03%
15 Year-22.51%
Volatility
ATR(14)0.34
ATR(20)%5.62%
ATR Inc77.51%
Range Today0.39
ADR(20)0.3
ADR(20)%5.18%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS69.43
Mansfield0.83
10 Day High6.61
10 Day Low4.71
20 Day High6.61
20 Day Low4.71
52 Week High6.99
52 Week Low3.22
CS1 End5.02
CR1 Start6.09
Volume & EV
DER(3)9.48%
DER(5)20.98%
Volume621.75K
Volume Incr45.98%
Vol(5)886.17K
Vol(50)581.34K