NOUVEAU MONDE GRAPHITE INC (NMG) Stock Technical Analysis
USA - NYSE:NMG - CA66979W8429 - Common Stock
Taking everything into account, NMG scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NMG is showing a nice and steady performance.
NMG has an excellent technical rating, but the quality of the setup is only medium 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
1.54
We found 4 important support areas.
- Support @2.81 from a horizontal line in the daily time frame.
- Support @2.06 from a trend line in the daily time frame.
- Support @2.01 from a trend line in the weekly time frame.
- Support @1.56 from a trend line in the weekly 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 | UP | POSITIVE | The long term trend for NMG is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NMG is neutral. |
| ChartMill Relative Strength | 94.57 | POSITIVE | NMG has a high relative strength, it outperformed 94.57% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of NMG is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NMG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NMG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.66 | NEUTRAL | The RSI value for NMG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests NMG has a negative trend. |
| Stochastics (14,3) | 5.19 | OVERSOLD | The low Stochastics value suggests NMG may be oversold. |
| Average True Range in percent/ATR (20) | 20.76 | HIGH VOLATILITY | The high ATR as a percentage value for NMG suggests high volalility. |
| Average Directional Index/ADX (14) | 41.33 | POSITIVE | The high ADX value value for NMG suggests a strong trend. |
2.94
+0.02 (+0.68%)
NOUVEAU MONDE GRAPHITE INC / NMG FAQ
What is the technical rating for NMG stock?
ChartMill assigns a technical rating of 10 / 10 to NMG.
What is the trend direction for NMG stock?
The current trend direction for NOUVEAU MONDE GRAPHITE INC (NMG) is Bullish.
Can you provide the RSI signal for NOUVEAU MONDE GRAPHITE INC?
NOUVEAU MONDE GRAPHITE INC (NMG) has an RSI value of 48.6565. This indicates that the stock is currently neutral.
What is the MACD signal for NMG stock?
The MACD indicator for NOUVEAU MONDE GRAPHITE INC (NMG) has a value of -0.136473, indicating a bearish trend.
Can you provide the short term momentum for NOUVEAU MONDE GRAPHITE INC?
The short term momentum for NOUVEAU MONDE GRAPHITE INC (NMG) is neutral.