Northern Genesis Acquisition Corp II (NGAB) Stock Technical Analysis
NYSE:NGAB - New York Stock Exchange, Inc. -
Taking everything into account, NGAB scores 4 out of 10 in our technical rating. In the last year, NGAB was a bad performer. We also see some doubts in the very recent evolution, but in the medium term things still look positive.
When comparing the yearly performance of all stocks, NGAB is a bad performer in the overall market: 100% of all stocks are doing better.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
NGAB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NGAB is lagging the market.
In the last month NGAB has a been trading in a tight range between 9.72 and 10.20.
NGAB has an average technical rating and the quality of the presented setup is also 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
9.65
10.29
When analyzing the support we notice one important area.
- A support zone ranging from 9.75 to 9.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 9.94 to 10.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 10.19 to 10.19. 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 NGAB is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NGAB is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | NGAB 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 NGAB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of NGAB is below the rising SMA(50). |
| Relative Strength Index/RSI (14) | 46.7 | NEUTRAL | The RSI value for NGAB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests NGAB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 56.75 | NEUTRAL | The Stochastics value for NGAB is a neutral value. |
| Average True Range in percent/ATR (20) | 0.64 | LOW VOLATILITY | The low ATR as a percentage value for NGAB suggests low volalility. |
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)
Northern Genesis Acquisition Corp II
NYSE:NGAB (11/10/2021, 8:22:53 PM)
After market: 10.24 +0.31 (+3.12%)9.93
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0%
1 Week-0.6%
2 Weeks-0.6%
1 Month-0.1%
3 Month0.2%
6 Month1.12%
12 Month0%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.08
ATR(20)%0.64%
ATR Inc366.57%
Range Today0.12
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High10.2
10 Day Low9.72
20 Day High10.2
20 Day Low9.72
52 Week High10.3
52 Week Low9.55
CS1 End9.93
CR1 Start9.94
Volume & EV
DER(3)2.13%
DER(5)3.66%
Volume179.40K
Volume Incr-65.33%
Vol(5)257.30K
Vol(50)352.28K