NOVAGOLD RESOURCES INC (NG) Stock Technical Analysis
USA - NYSEARCA:NG - CA66987E2069 - Common Stock
8.65 USD
-0.08 (-0.92%)
8.65 USD
0 (0%)
Overall NG gets a technical rating of 9 out of 10. In the last year, NG was one of the better performers, but we do observe some doubts in the very recent evolution.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
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 154 other stocks in this industry. NG outperforms 78% of them.
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 4054560 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 7.67 - 10.25 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although NG has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Prices have been consolidating lately.
More info and screens
7.62
8.83
When analyzing the support we can see 3 important areas.
- A support zone ranging from 8.18 to 8.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 7.96 to 8.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @7.70 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 8.66 to 8.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The short term trend for NG is neutral. |
| ChartMill Relative Strength | 96.79 | POSITIVE | NG has a high relative strength, it outperformed 96.79% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of NG is above 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) | UP | POSITIVE | The current price of NG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.28 | NEUTRAL | The RSI value for NG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests NG has a positive trend. |
| Stochastics (14,3) | 73.86 | NEUTRAL | The Stochastics value for NG is a neutral value. |
| Average True Range in percent/ATR (20) | 6.14 | HIGH VOLATILITY | The high ATR as a percentage value for NG suggests high volalility. |
| Average Directional Index/ADX (14) | 25.74 | 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)
8.65
-0.08 (-0.92%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-0.92%
1 Week10.33%
2 Weeks4.34%
1 Month-16.83%
3 Month43.93%
6 Month140.28%
12 Month155.16%
2 Year105.95%
3 Year49.91%
5 Year-13.15%
10 Year131.28%
15 Year-39.89%
Volatility
ATR(14)0.46
ATR(20)%6.14%
ATR Inc4.59%
Range Today0.33
ADR(20)0.46
ADR(20)%5.31%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.79
3 months CRS95.16
6 months CRS97.42
Mansfield6.4
10 Day High8.93
10 Day Low7.68
20 Day High10.25
20 Day Low7.67
52 Week High10.9
52 Week Low2.26
CS1 End8.24
CR1 Start8.66
Volume & EV
DER(3)-4.69%
DER(5)-2.66%
Volume2.92M
Volume Incr-23.07%
Vol(5)2.80M
Vol(50)4.05M
NOVAGOLD RESOURCES INC / NG FAQ
What is the technical rating for NG stock?
ChartMill assigns a technical rating of 9 / 10 to NG.
What is the current trend direction of NOVAGOLD RESOURCES INC (NG) stock?
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 52.2831. This indicates that the stock is currently neutral.
What is the support and resistance level for NG stock?
NOVAGOLD RESOURCES INC (NG) has a support level at 8.24 and a resistance level at 8.66. Check the full technical report for our detailed analysis of NG support and resistance levels.