NIGHTHAWK GOLD CORP (NHK.CA) Stock Technical Analysis
TSX:NHK - Toronto Stock Exchange - CA65412D8098 - Common Stock - Currency: CAD
Overall NHK gets a technical rating of 0 out of 10. NHK scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, NHK is a bad performer in the overall market: 90% of all stocks are doing better.
NHK is part of the Metals & Mining industry. There are 797 other stocks in this industry, of which 77% are performing better than NHK.
NHK is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
In the last month NHK has a been trading in the 0.25 - 0.29 range, which is quite wide. It is currently trading near the lows of this range.
NHK has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. We notice that large players showed an interest for NHK 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
0.25
0.28
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 0.26 to 0.26. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 0.27 to 0.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.28 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 | DOWN | NEGATIVE | The long term trend for NHK.CA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NHK.CA is down. |
| ChartMill Relative Strength | 10.82 | NEGATIVE | NHK.CA has a low relative strength, it was outperformed by 89.18% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NHK.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NHK.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NHK.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 38.39 | NEUTRAL | The RSI value for NHK.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests NHK.CA has a positive trend. |
| Stochastics (14,3) | 16.67 | OVERSOLD | The low Stochastics value suggests NHK.CA may be oversold. |
| Average True Range in percent/ATR (20) | 4.71 | MEDIUM VOLATILITY | The ATR as a percentage value for NHK.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 29.44 | POSITIVE | The high ADX value value for NHK.CA suggests a strong trend. |
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)
TSX:NHK (2/8/2024, 7:00:00 PM)
0.255
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0%
1 Week-3.77%
2 Weeks-3.77%
1 Month-12.07%
3 Month-32%
6 Month-35.44%
12 Month-46.87%
2 Year-66%
3 Year-76.17%
5 Year-86.58%
10 Year-90.29%
15 YearN/A
Volatility
ATR(14)0.01
ATR(20)%4.71%
ATR Inc-22.22%
Range Today0.01
ADR(20)0.01
ADR(20)%3.82%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.82
Mansfield-4.84
10 Day High0.28
10 Day Low0.25
20 Day High0.3
20 Day Low0.25
52 Week High0.74
52 Week Low0.25
CS1 EndN/A
CR1 Start0.26
Volume & EV
DER(3)13.01%
DER(5)2.91%
Volume248.88K
Volume Incr66.59%
Vol(5)94.32K
Vol(50)82.43K