NOVAGOLD RESOURCES INC (NG) Stock Technical Analysis
NYSEARCA:NG - NYSE Arca - CA66987E2069 - Common Stock - Currency: USD
Overall NG gets a technical rating of 5 out of 10. In the last year, NG was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
In the last month NG has a been trading in the 3.37 - 4.35 range, which is quite wide. It is currently trading near the lows of this range.
NG has an average volume of 4934070 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When compared to the yearly performance of all other stocks, NG outperforms 68% of them, which is more or less in line with the market.
NG is part of the Metals & Mining industry. There are 153 other stocks in this industry, NG did better than 51% of them.
NG is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so NG is lagging the market slightly.
NG has an average technical rating and the quality of the presented setup is also not ideal at the moment. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
2.61
4.44
When analyzing the support we can see 3 important areas.
- Support @3.57 from a horizontal line in the weekly time frame.
- A support zone ranging from 3.45 to 3.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.64 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 3.69 to 3.71. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @4.40 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 | NEUTRAL | NEUTRAL | The long term trend for NG is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NG is neutral. |
| ChartMill Relative Strength | 68.69 | NEUTRAL | NG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of NG is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.89 | NEUTRAL | The RSI value for NG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests NG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 39.48 | NEUTRAL | The Stochastics value for NG is a neutral value. |
| Average True Range in percent/ATR (20) | 5.64 | HIGH VOLATILITY | The high ATR as a percentage value for NG suggests high volalility. |
| Average Directional Index/ADX (14) | 15.57 | NEGATIVE | The low ADX value for NG 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)
3.58
+0.03 (+0.85%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0.85%
1 Week-0.56%
2 Weeks0.85%
1 Month-14.35%
3 Month19.33%
6 Month-2.19%
12 Month-8.91%
2 Year-30.49%
3 Year-35.96%
5 Year-62.55%
10 Year-12.47%
15 Year-50.07%
Volatility
ATR(14)0.18
ATR(20)%5.64%
ATR Inc-31.23%
Range Today0.14
ADR(20)0.2
ADR(20)%5.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS68.69
Mansfield-0.45
10 Day High3.76
10 Day Low3.42
20 Day High4.35
20 Day Low3.37
52 Week High5.06
52 Week Low2.26
CS1 End3.57
CR1 Start3.69
Volume & EV
DER(3)-0.7%
DER(5)0.65%
Volume4.29M
Volume Incr-31.43%
Vol(5)3.96M
Vol(50)4.93M