Northern Genesis Acquisition Corp (NGA) Stock Technical Analysis
USA - NYSE:NGA -
Taking everything into account, NGA scores 1 out of 10 in our technical rating. NGA scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, NGA does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 17.77. Right above this resistance zone may be a good entry point.
More info and screens
13.41
2 important support areas can be observed.
- Support @15.17 from a horizontal line in the weekly time frame.
- Support @13.55 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 17.77 to 17.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @18.36 from a trend 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 | NEUTRAL | NEUTRAL | The long term trend for NGA is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NGA is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | NGA has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NGA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NGA is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 44.48 | NEUTRAL | The RSI value for NGA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests NGA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 62.74 | NEUTRAL | The Stochastics value for NGA is a neutral value. |
| Average True Range in percent/ATR (20) | 8.48 | HIGH VOLATILITY | The high ATR as a percentage value for NGA suggests high volalility. |
16.17
-1.13 (-6.53%)
Northern Genesis Acquisition Corp / NGA FAQ
Can you provide the ChartMill technical rating for Northern Genesis Acquisition Corp?
ChartMill assigns a technical rating of 1 / 10 to NGA.
What is the trend direction for NGA stock?
The current trend direction for Northern Genesis Acquisition Corp (NGA) is Bearish.
Can you provide the RSI signal for Northern Genesis Acquisition Corp?
Northern Genesis Acquisition Corp (NGA) has an RSI value of 44.4802. This indicates that the stock is currently neutral.
Can you provide the MACD signal for Northern Genesis Acquisition Corp?
The MACD indicator for Northern Genesis Acquisition Corp (NGA) has a value of 0.111302, indicating a bearish trend.
What is the short term momentum for NGA stock?
The short term momentum for Northern Genesis Acquisition Corp (NGA) is neutral.