NOUVEAU MONDE GRAPHITE INC (NMG) Stock Technical Analysis
NYSE:NMG - CA66979W8429 - Common Stock
1.91 USD
+0.04 (+2.14%)
1.9199 USD
+0.01 (+0.52%)
Overall NMG gets a technical rating of 5 out of 10. NMG has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
NMG is one of the lesser performing stocks in the Metals & Mining industry. 69% of 156 stocks in the same industry do better.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When comparing the performance of all stocks over the past year, NMG turns out to be only a medium performer in the overall market: it outperformed 56% of all stocks.
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 1.73 - 2.17 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
NMG has only a medium technical rating, but it does show a decent setup pattern. 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 2.13. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.86, 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
1.44
2.22
We found 6 important support areas.
- A support zone ranging from 1.81 to 1.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.67 from a horizontal line in the daily time frame.
- A support zone ranging from 1.64 to 1.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.61 from a horizontal line in the daily time frame.
- Support @1.51 from a trend line in the weekly time frame.
- Support @1.45 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 2.13 to 2.20. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for NMG is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NMG is neutral. |
| ChartMill Relative Strength | 56.33 | NEUTRAL | NMG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NMG is below a declining 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) | 49.52 | NEUTRAL | The RSI value for NMG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests NMG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 26.23 | NEUTRAL | The Stochastics value for NMG is a neutral value. |
| Average True Range in percent/ATR (20) | 5.57 | HIGH VOLATILITY | The high ATR as a percentage value for NMG suggests high volalility. |
| Average Directional Index/ADX (14) | 19.39 | NEGATIVE | The low ADX value for NMG suggests a weak or negative 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)
1.91
+0.04 (+2.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg2.14%
1 Week-2.55%
2 Weeks-1.04%
1 Month-5.91%
3 Month4.09%
6 Month11.7%
12 Month11.7%
2 Year-36.75%
3 Year-67.24%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.11
ATR(20)%5.57%
ATR Inc-16.79%
Range Today0.09
ADR(20)0.1
ADR(20)%5.46%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS56.33
Mansfield0.33
10 Day High2.17
10 Day Low1.79
20 Day High2.17
20 Day Low1.73
52 Week High2.57
52 Week Low1.22
CS1 End1.86
CR1 Start2.13
Volume & EV
DER(3)13.65%
DER(5)7.21%
Volume78.80K
Volume Incr-24.89%
Vol(5)77.24K
Vol(50)109.11K