NOVAGOLD RESOURCES INC (NG.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:NG - CA66987E2069 - Common Stock
Taking everything into account, NG scores 9 out of 10 in our technical rating. 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.
NG has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 12.78, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for NG in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
12.47
When analyzing the support we notice one important area.
- A support zone ranging from 12.60 to 12.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 2 important resistance areas.
- Resistance @13.93 from a trend line in the daily time frame.
- Resistance @14.29 from a horizontal 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 | NEUTRAL | NEUTRAL | The short term trend for NG.CA is neutral. |
| ChartMill Relative Strength | 87.77 | POSITIVE | NG.CA has a high relative strength, it outperformed 87.77% 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) | 56.48 | NEUTRAL | The RSI value for NG.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests NG.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 72.73 | NEUTRAL | The Stochastics value for NG.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.31 | MEDIUM VOLATILITY | The ATR as a percentage value for NG.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 12.39 | 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 |
|---|---|---|---|
| 13.94 | 12.59 | 1.35 (9.68%) | 10.33% |
| An entry @13.94. This is a Buy Stop order right above the resistance zone. | An exit @12.59. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.35 points, which is 9.68%. | For a 1.00% total portfolio risk, you can invest 10.33% of your capital in this trade. |
- 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 (1/7/2026, 7:00:00 PM)
13.7
-0.08 (-0.58%)
NOVAGOLD RESOURCES INC / NG.CA FAQ
What is the technical rating for NG stock?
ChartMill assigns a technical rating of 9 / 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 56.484. 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 neutral.
What are the support and resistance levels for NOVAGOLD RESOURCES INC (NG.CA) stock?
NOVAGOLD RESOURCES INC (NG.CA) has a support level at 12.78 and a resistance level at 13.93. Check the full technical report for our detailed analysis of NG.CA support and resistance levels.