Northern Genesis Acquisition Corp II (NGAB) Technical Analysis
NYSE:NGAB
Current stock price
NGAB Technical Rating and Analysis
We assign a technical rating of 4 out of 10 to NGAB. NGAB was a bad performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term this still looks good.
- 100% of all other stocks performed better in the past year than NGAB.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt 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 Weekly and Daily overview Charts
NGAB Setup Rating and Analysis
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
NGAB Support and Resistance Analysis
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.
NGAB Technical Indicator Signal Analysis
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. |
NGAB Chart- and CandleStick Pattern Analysis
NGAB Technicals: Chart, Performance Metrics, Trend & Indicators
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 TA 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.
Can you provide the trend direction for Northern Genesis Acquisition Corp II?
The current trend direction for Northern Genesis Acquisition Corp II (NGAB) is Bullish.
Can you provide the RSI signal for Northern Genesis Acquisition Corp II?
Northern Genesis Acquisition Corp II (NGAB) has an RSI value of 46.6973. This indicates that the stock is currently neutral.
Can you provide the short term momentum for Northern Genesis Acquisition Corp II?
The short term momentum for Northern Genesis Acquisition Corp II (NGAB) is neutral.
Can you provide the support and resistance levels for Northern Genesis Acquisition Corp II?
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.