NOVAGOLD RESOURCES INC (NG)

CA66987E2069 - Common Stock

2.917  +0.02 (+0.59%)

Technical Rating and Analysis

3

We assign a technical rating of 3 out of 10 to NG. NG's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, NG is a bad performer in the overall market: 86% of all stocks are doing better.
NG is one of the lesser performing stocks in the Metals & Mining industry. 78% of 155 stocks in the same industry do better.
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 2.75 - 3.37 range, which is quite wide. It is currently trading near the lows of this range.
NG has an average volume of 2283860 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Weekly and Daily overview Charts
NG Weekly chart
NG Daily chart
Setup Rating and Analysis

4

NG has a poor technical rating and the quality of the setup is also not perfect 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

2.73

4.33

2 important support areas can be observed.

  • A support zone ranging from 2.86 to 2.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A support zone ranging from 2.76 to 2.80. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.

We can see 4 important resistance areas.

  • A resistance zone ranging from 3.10 to 3.11. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • A resistance zone ranging from 3.20 to 3.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @3.32 from a horizontal line in the daily time frame.
  • Resistance @4.29 from a horizontal line in the daily time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.92
Mansfield-3.17
10 Day High3.37
10 Day Low2.75
20 Day High3.37
20 Day Low2.75
52 Week High5.75
52 Week Low2.23
Performance
1 Week-5.54%
2 Weeks-8.81%
1 Month5.07%
3 Month2.47%
6 Month-20.98%
12 Month-46.69%
2 Year-53.38%
3 Year-67.74%
5 Year-27.5%
10 Year-17.85%
15 Year6.23%
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)
Technical Indicators
MACD(12,26,9)-0.05
RSI(14)47.37
LBB2.8
UBB3.34
NG Daily chart

NOVAGOLD RESOURCES INC

NYSEARCA:NG (4/26/2024, 9:04:54 AM)

2.917

+0.02 (+0.59%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0.59%
1 Week-5.54%
2 Weeks-8.81%
1 Month5.07%
3 Month2.47%
6 Month-20.98%
12 Month-46.69%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.15
ATR(20)%6.12%
ATR Inc
Range Today0.09
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High3.37
10 Day Low2.75
20 Day High3.37
20 Day Low2.75
52 Week High5.75
52 Week Low2.23
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume169.43K
Volume Incr-23.72%
Vol(5)1.74M
Vol(50)2.28M