NOVAGOLD RESOURCES INC (NG)

CA66987E2069 - Common Stock

3.59  -0.03 (-0.83%)

After market: 3.59 0 (0%)

Technical Rating and Analysis

8

Taking everything into account, NG scores 8 out of 10 in our technical rating. Although NG is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.

The long and short term trends are both positive. This is looking good!
NG has an average volume of 1621410 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, NG turns out to be only a medium performer in the overall market: it outperformed 49% of all stocks.
NG is an average performer in the Metals & Mining industry, it outperforms 47% of 155 stocks in the same industry.
NG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NG is lagging the market.
In the last month NG has a been trading in the 3.04 - 4.20 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Weekly and Daily overview Charts
NG Weekly chart
NG Daily chart
Setup Rating and Analysis

3

Although NG has an excellent technical rating, it does not present a decent entry opportunity 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

2.78

4.12

We found 3 important support areas.

  • A support zone ranging from 3.58 to 3.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A support zone ranging from 3.04 to 3.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @2.81 from a horizontal line in the daily time frame.

We can see 2 important resistance areas.

  • Resistance @3.94 from a horizontal line in the weekly time frame.
  • A resistance zone ranging from 4.05 to 4.08. This zone is formed by a combination of multiple trend lines 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
CRS49.13
Mansfield-1.3
10 Day High4.2
10 Day Low3.53
20 Day High4.2
20 Day Low3.04
52 Week High5.07
52 Week Low2.23
Performance
1 Week-8.18%
2 Weeks-5.28%
1 Month17.7%
3 Month30.55%
6 Month4.36%
12 Month-29.33%
2 Year-25.36%
3 Year-55.18%
5 Year-39.26%
10 Year-14.73%
15 Year-16.12%
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)51.1
LBB3.46
UBB4.13
NG Daily chart

NOVAGOLD RESOURCES INC

NYSEARCA:NG (6/12/2024, 3:15:00 PM)

After market: 3.59 0 (0%)

3.59

-0.03 (-0.83%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-0.83%
1 Week-8.18%
2 Weeks-5.28%
1 Month17.7%
3 Month30.55%
6 Month4.36%
12 Month-29.33%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.2
ATR(20)%5.43%
ATR Inc
Range Today0.23
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 High4.2
10 Day Low3.53
20 Day High4.2
20 Day Low3.04
52 Week High5.07
52 Week Low2.23
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume1.01M
Volume Incr-19.22%
Vol(5)1.21M
Vol(50)1.62M