Taking everything into account, NGM scores 4 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. NGM was also a bad performer in the overall market in the last year.
NGM has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 1.53, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for NGM in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
1.51
We found 1 important support area.
- A support zone ranging from 1.53 to 1.53. 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 1.54 to 1.56. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @1.60 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 1.63 to 1.64. This zone is formed by a combination of multiple trend lines 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 | DOWN | NEGATIVE | The long term trend for NGM is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NGM is neutral. |
| ChartMill Relative Strength | 14.37 | NEGATIVE | NGM has a low relative strength, it was outperformed by 85.63% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of NGM is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of NGM is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NGM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.54 | NEUTRAL | The RSI value for NGM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests NGM has a negative trend. |
| Stochastics (14,3) | 23.33 | NEUTRAL | The Stochastics value for NGM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.29 | MEDIUM VOLATILITY | The ATR as a percentage value for NGM suggests some volalility. |
| Average Directional Index/ADX (14) | 42.14 | POSITIVE | The high ADX value value for NGM suggests a strong trend. |
1.54
-0.02 (-1.28%)
NGM BIOPHARMACEUTICALS INC / NGM FAQ
What is the ChartMill technical rating of NGM BIOPHARMACEUTICALS INC (NGM) stock?
ChartMill assigns a technical rating of 4 / 10 to NGM.
What is the trend direction for NGM stock?
The current trend direction for NGM BIOPHARMACEUTICALS INC (NGM) is Bearish.
What is the RSI signal for NGM BIOPHARMACEUTICALS INC (NGM) stock?
NGM BIOPHARMACEUTICALS INC (NGM) has an RSI value of 48.5423. This indicates that the stock is currently neutral.
Can you provide the MACD signal for NGM BIOPHARMACEUTICALS INC?
The MACD indicator for NGM BIOPHARMACEUTICALS INC (NGM) has a value of -0.00478833, indicating a bearish trend.