Northern Genesis Acquisition Corp II (NGAB) Stock Technical Analysis
USA - NYSE:NGAB -
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.
NGAB has an average technical rating and also the quality of the setup is only medium 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
We found 1 important support 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.
When analyzing the resistance we notice 2 important 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. |
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%)
Northern Genesis Acquisition Corp II / NGAB FAQ
What is the ChartMill technical rating of Northern Genesis Acquisition Corp II (NGAB) stock?
ChartMill assigns a technical rating of 4 / 10 to NGAB.
What is the current trend direction of Northern Genesis Acquisition Corp II (NGAB) stock?
The current trend direction for Northern Genesis Acquisition Corp II (NGAB) is Bullish.
What is the RSI signal for Northern Genesis Acquisition Corp II (NGAB) stock?
Northern Genesis Acquisition Corp II (NGAB) has an RSI value of 46.6973. This indicates that the stock is currently neutral.
What is the short term momentum for NGAB stock?
The short term momentum for Northern Genesis Acquisition Corp II (NGAB) is neutral.
What is the support and resistance level for NGAB stock?
Northern Genesis Acquisition Corp II (NGAB) has a support level at 9.93 and a resistance level at 9.94. Check the full technical report for our detailed analysis of NGAB support and resistance levels.