NOVAGOLD RESOURCES INC (NG) Stock Technical Analysis
USA - NYSEARCA:NG - CA66987E2069 - Common Stock
9.7 USD
-0.05 (-0.51%)
9.7 USD
0 (0%)
We assign a technical rating of 10 out of 10 to NG. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NG is showing a nice and steady performance.
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. We also observe that the gains produced by NG over the past year are nicely spread over this period.
NG is one of the better performing stocks in the Metals & Mining industry, it outperforms 86% of 156 stocks in the same industry.
NG is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month NG has a been trading in the 6.90 - 10.44 range, which is quite wide. It is currently trading near the high of this range.
NG has an average volume of 3872970 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although NG has an excellent technical rating, it 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
5.65
10.42
3 important support areas can be observed.
- A support zone ranging from 9.65 to 9.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @7.82 from a trend line in the daily time frame.
- Support @5.71 from a trend line in the daily time frame.
We found 1 important resistance area.
- Resistance @10.32 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 | 97.52 | POSITIVE | NG has a high relative strength, it outperformed 97.52% 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) | 67.07 | NEUTRAL | The RSI value for NG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests NG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.12 | OVERBOUGHT | The high Stochastics value suggests NG may be overbought. |
| Average True Range in percent/ATR (20) | 5.55 | HIGH VOLATILITY | The high ATR as a percentage value for NG suggests high volalility. |
| Average Directional Index/ADX (14) | 64.85 | POSITIVE | The high ADX value value for NG suggests a strong 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)
9.7
-0.05 (-0.51%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-0.51%
1 Week-2.9%
2 Weeks16.87%
1 Month40.17%
3 Month102.08%
6 Month245.2%
12 Month176.35%
2 Year175.57%
3 Year109.5%
5 Year-6.37%
10 Year167.96%
15 Year-13.55%
Volatility
ATR(14)0.63
ATR(20)%5.55%
ATR Inc-9.23%
Range Today0.38
ADR(20)0.52
ADR(20)%5.4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.52
Mansfield10.64
10 Day High10.44
10 Day Low8.27
20 Day High10.44
20 Day Low6.9
52 Week High10.44
52 Week Low2.26
CS1 End9.69
CR1 Start10.32
Volume & EV
DER(3)-6%
DER(5)-2.99%
Volume3.62M
Volume Incr-10.93%
Vol(5)4.21M
Vol(50)3.87M