NOUVEAU MONDE GRAPHITE INC (NMG) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:NMG - CA66979W8429 - Common Stock
2.92 USD
+0.12 (+4.29%)
2.974 USD
+0.05 (+1.85%)
We assign a technical rating of 9 out of 10 to NMG. In the last year, NMG was one of the better performers, but we do observe some doubts in the very recent evolution.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
Looking at the yearly performance, NMG did better than 95% of all other stocks. We also observe that the gains produced by NMG over the past year are nicely spread over this period.
NMG has an average volume of 1075120 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
NMG is part of the Metals & Mining industry. There are 155 other stocks in this industry, NMG did better than 61% of them.
NMG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NMG is lagging the market.
In the last month NMG has a been trading in the 2.43 - 3.28 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, NMG also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
2.21
3.25
When analyzing the support we can see 5 important areas.
- Support @2.91 from a trend line in the daily time frame.
- A support zone ranging from 2.76 to 2.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 2.62 to 2.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.50 from a horizontal line in the weekly time frame.
- Support @2.23 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @3.09 from a horizontal line in the weekly time frame.
- Resistance @3.22 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 | 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 | 95.81 | POSITIVE | NMG has a high relative strength, it outperformed 95.81% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of NMG is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of NMG is below 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) | 51.18 | NEUTRAL | The RSI value for NMG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests NMG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 51.47 | NEUTRAL | The Stochastics value for NMG is a neutral value. |
| Average True Range in percent/ATR (20) | 6.59 | HIGH VOLATILITY | The high ATR as a percentage value for NMG suggests high volalility. |
| Average Directional Index/ADX (14) | 26.34 | POSITIVE | The high ADX value value for NMG 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)
2.92
+0.12 (+4.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg4.29%
1 Week-5.19%
2 Weeks-1.02%
1 Month-1.35%
3 Month35.81%
6 Month64.97%
12 Month121.21%
2 Year11.88%
3 Year-23.56%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.18
ATR(20)%6.59%
ATR Inc29.68%
Range Today0.27
ADR(20)0.19
ADR(20)%6.43%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.81
3 months CRS93.95
6 months CRS92.67
Mansfield2.78
10 Day High3.28
10 Day Low2.8
20 Day High3.28
20 Day Low2.43
52 Week High6.06
52 Week Low1.27
CS1 End2.91
CR1 Start3.09
Volume & EV
DER(3)-9.1%
DER(5)-5.63%
Volume590.00K
Volume Incr-22.05%
Vol(5)460.40K
Vol(50)1.08M
NOUVEAU MONDE GRAPHITE INC / NMG FAQ
What is the technical rating for NMG stock?
ChartMill assigns a technical rating of 9 / 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 51.1762. 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 0.00497866, 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.