NOVAGOLD RESOURCES INC (NG) Technical Analysis
NYSEARCA:NG • CA66987E2069
Current stock price
NG Technical Rating and Analysis
We assign a technical rating of 4 out of 10 to NG. Although NG is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- In the last month NG has a been trading in the 7.50 - 12.80 range, which is quite wide. It is currently trading near the lows of this range.
- When comparing the yearly performance of all stocks, we notice that NG is one of the better performing stocks in the market, outperforming 96% of all stocks. We also observe that the gains produced by NG over the past year are nicely spread over this period.
- NG is part of the Metals & Mining industry. There are 157 other stocks in this industry. NG outperforms 84% of them.
- NG has an average volume of 4729900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- 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 Weekly and Daily overview Charts
NG Setup Rating and Analysis
NG has an average technical rating and it also does not offer a high quality setup 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
NG Support and Resistance Analysis
7.63
When analyzing the support we notice one important area.
- A support zone ranging from 7.71 to 7.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 9.37 to 9.48. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
NG Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The short term trend for NG is down. |
| ChartMill Relative Strength | 96.78 | POSITIVE | NG has a high relative strength, it outperformed 96.78% off all stocks 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) | DOWN | NEGATIVE | The current price of NG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.78 | NEUTRAL | The RSI value for NG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests NG has a positive trend. |
| Stochastics (14,3) | 43.53 | NEUTRAL | The Stochastics value for NG is a neutral value. |
| Average True Range in percent/ATR (20) | 8.86 | HIGH VOLATILITY | The high ATR as a percentage value for NG suggests high volalility. |
| Average Directional Index/ADX (14) | 19.7 | NEGATIVE | The low ADX value for NG suggests a weak or negative trend. |
NG Chart- and CandleStick Pattern Analysis
NG Technicals: Chart, Performance Metrics, Trend & Indicators
9.06
-0.3 (-3.21%)
NOVAGOLD RESOURCES INC / NG TA FAQ
What is the technical rating for NG stock?
ChartMill assigns a technical rating of 4 / 10 to NG.
Can you provide the trend direction for NOVAGOLD RESOURCES INC?
The current trend direction for NOVAGOLD RESOURCES INC (NG) is Bearish.
Can you provide the RSI signal for NOVAGOLD RESOURCES INC?
NOVAGOLD RESOURCES INC (NG) has an RSI value of 45.7755. This indicates that the stock is currently neutral.
What is the MACD signal for NOVAGOLD RESOURCES INC (NG) stock?
The MACD indicator for NOVAGOLD RESOURCES INC (NG) has a value of 0.0389888, indicating a bearish trend.