NOUVEAU MONDE GRAPHITE INC (NMG) Technical Analysis
NYSE:NMG • CA66979W8429
Current stock price
NMG Technical Rating and Analysis
Taking everything into account, NMG scores 2 out of 10 in our technical rating. NMG has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- NMG is one of the lesser performing stocks in the Metals & Mining industry. 71% of 157 stocks in the same industry do better.
- NMG is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so NMG is lagging the market.
- When compared to the yearly performance of all other stocks, NMG outperforms 54% of them, which is more or less in line with the market.
- In the last month NMG has a been trading in the 2.02 - 2.42 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
NMG Weekly and Daily overview Charts
NMG Setup Rating and Analysis
Although the technical rating is bad, NMG does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 2.29. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.06, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for NMG 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
NMG Support and Resistance Analysis
1.95
When analyzing the support we notice one important area.
- A support zone ranging from 1.97 to 2.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 2.29 to 2.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.75 from a trend line in the weekly time frame.
- Resistance @2.85 from a trend line in the daily time frame.
- Resistance @3.06 from a horizontal line in the daily time frame.
- Resistance @3.13 from a horizontal line in the daily time frame.
NMG Technical Indicator Signal Analysis
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 NMG is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NMG is neutral. |
| ChartMill Relative Strength | 54.52 | NEUTRAL | NMG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NMG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NMG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of NMG is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.98 | NEUTRAL | The RSI value for NMG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests NMG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 74.86 | NEUTRAL | The Stochastics value for NMG is a neutral value. |
| Average True Range in percent/ATR (20) | 6.45 | HIGH VOLATILITY | The high ATR as a percentage value for NMG suggests high volalility. |
| Average Directional Index/ADX (14) | 11.46 | NEGATIVE | The low ADX value for NMG suggests a weak or negative trend. |
NMG Chart- and CandleStick Pattern Analysis
NMG Technicals: Chart, Performance Metrics, Trend & Indicators
2.26
-0.07 (-3%)
NOUVEAU MONDE GRAPHITE INC / NMG TA FAQ
What is the technical rating for NMG stock?
ChartMill assigns a technical rating of 2 / 10 to NMG.
What is the current trend direction of NOUVEAU MONDE GRAPHITE INC (NMG) stock?
The current trend direction for NOUVEAU MONDE GRAPHITE INC (NMG) is Bearish.
What is the RSI signal for NMG stock?
NOUVEAU MONDE GRAPHITE INC (NMG) has an RSI value of 50.9799. This indicates that the stock is currently neutral.
What is the MACD signal for NOUVEAU MONDE GRAPHITE INC (NMG) stock?
The MACD indicator for NOUVEAU MONDE GRAPHITE INC (NMG) has a value of 0.0258199, indicating a bearish trend.
What is the support and resistance level for NMG stock?
NOUVEAU MONDE GRAPHITE INC (NMG) has a support level at 2.06 and a resistance level at 2.29. Check the full technical report for our detailed analysis of NMG support and resistance levels.