We assign a technical rating of 8 out of 10 to NIOBW. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Although NIOBW has an excellent technical rating, it 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.
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1.48
When analyzing the support we can see 3 important areas.
- A support zone ranging from 2.07 to 2.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.78 from a trend line in the daily time frame.
- Support @1.49 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 2.12 to 2.13. This zone is formed by a combination of multiple trend lines and important moving averages 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 NIOBW is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NIOBW is neutral. |
| ChartMill Relative Strength | 99.95 | POSITIVE | NIOBW has a high relative strength, it outperformed 99.95% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of NIOBW is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NIOBW is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NIOBW is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.04 | NEUTRAL | The RSI value for NIOBW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests NIOBW has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 31.89 | NEUTRAL | The Stochastics value for NIOBW is a neutral value. |
| Average True Range in percent/ATR (20) | 12.31 | HIGH VOLATILITY | The high ATR as a percentage value for NIOBW suggests high volalility. |
| Average Directional Index/ADX (14) | 12.61 | NEGATIVE | The low ADX value for NIOBW suggests a weak or negative trend. |
2.115
+0.02 (+0.71%)
NIOCORP DEVELOPMENTS LTD -28 / NIOBW FAQ
What is the technical rating for NIOBW stock?
ChartMill assigns a technical rating of 8 / 10 to NIOBW.
Can you provide the trend direction for NIOCORP DEVELOPMENTS LTD -28?
The current trend direction for NIOCORP DEVELOPMENTS LTD -28 (NIOBW) is Bullish.
Can you provide the RSI signal for NIOCORP DEVELOPMENTS LTD -28?
NIOCORP DEVELOPMENTS LTD -28 (NIOBW) has an RSI value of 50.044. This indicates that the stock is currently neutral.
What is the MACD signal for NIOCORP DEVELOPMENTS LTD -28 (NIOBW) stock?
The MACD indicator for NIOCORP DEVELOPMENTS LTD -28 (NIOBW) has a value of -0.00232891, indicating a bearish trend.
What are the support and resistance levels for NIOCORP DEVELOPMENTS LTD -28 (NIOBW) stock?
NIOCORP DEVELOPMENTS LTD -28 (NIOBW) has a support level at 2.1 and a resistance level at 2.12. Check the full technical report for our detailed analysis of NIOBW support and resistance levels.