NOUVEAU MONDE GRAPHITE INC (NMG) Stock Technical Analysis
NYSE:NMG - New York Stock Exchange, Inc. - CA66979W8429 - Common Stock - Currency: USD
We assign a technical rating of 3 out of 10 to NMG. NMG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
64% of all other stocks performed better in the past year than NMG.
NMG is part of the Metals & Mining industry. There are 155 other stocks in this industry, of which 65% are performing better than NMG.
In the last month NMG has a been trading in the 1.65 - 2.04 range, which is quite wide. It is currently trading near the lows of this range.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
NMG is currently trading in the middle 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 slightly.
Considerably lower volume is observed in the last couple of days.
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. 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
1.38
2.22
We found 4 important support areas.
- A support zone ranging from 1.71 to 1.71. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @1.61 from a horizontal line in the daily time frame.
- Support @1.44 from a trend line in the weekly time frame.
- Support @1.39 from a trend line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 1.80 to 1.81. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 1.92 to 1.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.98 from a trend line in the weekly time frame.
- Resistance @2.20 from a horizontal 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 | 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 | 36.37 | 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) | 48.41 | NEUTRAL | The RSI value for NMG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests NMG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 46.37 | NEUTRAL | The Stochastics value for NMG is a neutral value. |
| Average True Range in percent/ATR (20) | 5.9 | HIGH VOLATILITY | The high ATR as a percentage value for NMG suggests high volalility. |
| Average Directional Index/ADX (14) | 14.11 | 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)
NYSE:NMG (6/6/2025, 8:13:45 PM)
1.75
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0%
1 Week-1.69%
2 Weeks4.79%
1 Month-3.31%
3 Month12.9%
6 Month33.59%
12 Month-17.26%
2 Year-42.43%
3 Year-63.99%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.1
ATR(20)%5.9%
ATR Inc-28.65%
Range Today0.07
ADR(20)0.1
ADR(20)%5.7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS36.37
Mansfield0.06
10 Day High1.85
10 Day Low1.65
20 Day High2.04
20 Day Low1.65
52 Week High2.57
52 Week Low1.22
CS1 End1.71
CR1 Start1.8
Volume & EV
DER(3)6.79%
DER(5)0.09%
Volume22.30K
Volume Incr-36.74%
Vol(5)30.90K
Vol(50)65.91K