NEVADA EXPLORATION INC (NGE.CA) Stock Technical Analysis
Canada - TSX-V:NGE - CA64128D3022 - Common Stock
We assign a technical rating of 4 out of 10 to NGE. Although NGE is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
NGE has an average technical rating and it also does not offer a high quality setup 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
0.11
When analyzing the support we notice one important area.
- A support zone ranging from 0.11 to 0.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 0.18 to 0.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.24 from a horizontal line in the daily time frame.
- Resistance @0.25 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 | NEUTRAL | NEUTRAL | The long term trend for NGE.CA is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NGE.CA is down. |
| ChartMill Relative Strength | 83.25 | POSITIVE | NGE.CA has a high relative strength, it outperformed 83.25% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NGE.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of NGE.CA is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of NGE.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.09 | NEUTRAL | The RSI value for NGE.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests NGE.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 17.44 | OVERSOLD | The low Stochastics value suggests NGE.CA may be oversold. |
| Average True Range in percent/ATR (20) | 12.06 | HIGH VOLATILITY | The high ATR as a percentage value for NGE.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 14.34 | NEGATIVE | The low ADX value for NGE.CA suggests a weak or negative trend. |
TSX-V:NGE (11/21/2024, 7:00:00 PM)
0.17
+0.03 (+17.24%)
NEVADA EXPLORATION INC / NGE.CA FAQ
Can you provide the ChartMill technical rating for NEVADA EXPLORATION INC?
ChartMill assigns a technical rating of 4 / 10 to NGE.CA.
What is the trend direction for NGE stock?
The current trend direction for NEVADA EXPLORATION INC (NGE.CA) is Bearish.
What is the RSI signal for NEVADA EXPLORATION INC (NGE.CA) stock?
NEVADA EXPLORATION INC (NGE.CA) has an RSI value of 45.0851. This indicates that the stock is currently neutral.
What is the short term momentum for NEVADA EXPLORATION INC (NGE.CA) stock?
The short term momentum for NEVADA EXPLORATION INC (NGE.CA) is negative.
What are the support and resistance levels for NEVADA EXPLORATION INC (NGE.CA) stock?
NEVADA EXPLORATION INC (NGE.CA) has a support level at 0.11 and a resistance level at 0.18. Check the full technical report for our detailed analysis of NGE.CA support and resistance levels.