We assign a technical rating of 10 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.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that NG is one of the better performing stocks in the market, outperforming 97% of all stocks. On top of that, NG also shows a nice and consistent pattern of rising prices.
- NG is one of the better performing stocks in the Metals & Mining industry, it outperforms 71% of 157 stocks in the same industry.
- 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.
- NG has an average volume of 2489210 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month NG has a been trading in the 8.92 - 10.67 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
NG has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
9.03
When analyzing the support we can see 2 important areas.
- Support @9.62 from a trend line in the daily time frame.
- A support zone ranging from 9.12 to 9.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 10.07 to 10.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @10.52 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 is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NG is up. |
| ChartMill Relative Strength | 97.16 | POSITIVE | NG has a high relative strength, it outperformed 97.16% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NG is above the rising 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) | UP | POSITIVE | The current price of NG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.8 | NEUTRAL | The RSI value for NG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests NG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 70.48 | NEUTRAL | The Stochastics value for NG is a neutral value. |
| Average True Range in percent/ATR (20) | 4.59 | MEDIUM VOLATILITY | The ATR as a percentage value for NG suggests some volalility. |
| Average Directional Index/ADX (14) | 13.35 | NEGATIVE | The low ADX value for NG suggests a weak or negative trend. |
10
-0.09 (-0.89%)
NOVAGOLD RESOURCES INC / NG FAQ
What is the technical rating for NG stock?
ChartMill assigns a technical rating of 10 / 10 to NG.
Can you provide the trend direction for NOVAGOLD RESOURCES INC?
The current trend direction for NOVAGOLD RESOURCES INC (NG) is Bullish.
What is the RSI signal for NOVAGOLD RESOURCES INC (NG) stock?
NOVAGOLD RESOURCES INC (NG) has an RSI value of 53.7956. 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) is positive.
What are the support and resistance levels for NOVAGOLD RESOURCES INC (NG) stock?
NOVAGOLD RESOURCES INC (NG) has a support level at 9.62 and a resistance level at 10.07. Check the full technical report for our detailed analysis of NG support and resistance levels.