We assign a technical rating of 10 out of 10 to NG. Both in the recent history as in the last year, NG has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although NG has an excellent technical rating, the quality of the presented setup is not ideal 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
8.10
When analyzing the support we can see 3 important areas.
- A support zone ranging from 8.66 to 8.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @8.39 from a trend line in the daily time frame.
- A support zone ranging from 8.18 to 8.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- Resistance @10.20 from a horizontal line in the weekly time frame.
- Resistance @10.52 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 | 97.24 | POSITIVE | NG has a high relative strength, it outperformed 97.24% 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) | 54.72 | NEUTRAL | The RSI value for NG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests NG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 64.76 | NEUTRAL | The Stochastics value for NG is a neutral value. |
| Average True Range in percent/ATR (20) | 4.92 | MEDIUM VOLATILITY | The ATR as a percentage value for NG suggests some volalility. |
| Average Directional Index/ADX (14) | 20.94 | NEUTRAL | The ADX value for NG suggests a possible start of a new trend. |
9.46
-0.05 (-0.53%)
NOVAGOLD RESOURCES INC / NG FAQ
What is the technical rating for NG stock?
ChartMill assigns a technical rating of 10 / 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 54.717. This indicates that the stock is currently neutral.
What is the buy/sell signal for NG stock?
The buy/sell signal for NOVAGOLD RESOURCES INC (NG) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for NOVAGOLD RESOURCES INC (NG) stock?
NOVAGOLD RESOURCES INC (NG) has a support level at 8.76 and a resistance level at 10.2. Check the full technical report for our detailed analysis of NG support and resistance levels.