NOVAGOLD RESOURCES INC (NG)

CA66987E2069 - Common Stock

4.35  -0.01 (-0.23%)

After market: 4.37 +0.02 (+0.46%)

Technical Rating and Analysis

3

Overall NG gets a technical rating of 3 out of 10. NG has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.

NG is currently trading in the lower part 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.
In the last month NG has a been trading in the 3.85 - 4.55 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
NG has an average volume of 1054390 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
When compared to the yearly performance of all other stocks, NG outperforms 42% of them, which is more or less in line with the market.
NG is an average performer in the Metals & Mining industry, it outperforms 44% of 154 stocks in the same industry.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Statistics
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS42.68
Mansfield-2.16
10 Day High4.55
10 Day Low3.88
20 Day High4.55
20 Day Low3.86
52 Week High6.98
52 Week Low3.84
Performance
1 Week6.36%
2 Weeks10.13%
1 Month5.58%
3 Month-5.02%
6 Month-27.38%
12 Month0.93%
Weekly and Daily overview Charts
NG Weekly chart
NG Daily chart
Setup Rating and Analysis

2

The technical rating of NG is bad and it also does not present a 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.

Support and Resistance Analysis

3.84

5.57

We found 1 important support area.

  • A support zone ranging from 3.88 to 3.93. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 2 important areas.

  • A resistance zone ranging from 4.36 to 4.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @5.51 from a trend line in the weekly time frame.
NG Daily chart

NOVAGOLD RESOURCES INC

NYSEARCA:NG (9/22/2023, 7:15:29 PM)

After market: 4.37 +0.02 (+0.46%)

4.35

-0.01 (-0.23%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-0.23%
1 Week6.36%
2 Weeks10.13%
1 Month5.58%
3 Month-5.02%
6 Month-27.38%
12 Month0.93%
Volatility
ATR(14)0.15
ATR(20)%3.75%
ATR Inc3.4%
Range Today0.11
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS42.68
Mansfield-2.16
10 Day High4.55
10 Day Low3.88
20 Day High4.55
20 Day Low3.86
52 Week High6.98
52 Week Low3.84
CS1 End3.93
CR1 Start4.36
Volume & EV
DER(3)3.9%
DER(5)3.67%
Volume1.11M
Volume Incr20.99%
Vol(5)1.50M
Vol(50)1.05M