NOUVEAU MONDE GRAPHITE INC (NMG) Stock Technical Analysis
NYSE:NMG - New York Stock Exchange, Inc. - CA66979W8429 - Common Stock - Currency: USD
Overall NMG gets a technical rating of 7 out of 10. NMG has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
NMG is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so NMG is lagging the market slightly.
In the last month NMG has a been trading in the 1.60 - 2.50 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Looking at the yearly performance, NMG did better than 76% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
NMG is an average performer in the Metals & Mining industry, it outperforms 56% of 154 stocks in the same industry.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although NMG has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
1.41
2.29
We found 4 important support areas.
- Support @1.71 from a trend line in the weekly time frame.
- Support @1.61 from a horizontal line in the daily time frame.
- Support @1.47 from a trend line in the weekly time frame.
- Support @1.42 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @2.20 from a horizontal line in the weekly time frame.
- Resistance @2.27 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 | UP | POSITIVE | The short term trend for NMG is up. |
| ChartMill Relative Strength | 76.51 | POSITIVE | NMG has a high relative strength, it outperformed 76.51% off all stocks 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) | 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) | 75.83 | OVERBOUGHT | The high RSI value suggests NMG may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests NMG has a positive trend. |
| Stochastics (14,3) | 69.02 | NEUTRAL | The Stochastics value for NMG is a neutral value. |
| Average True Range in percent/ATR (20) | 4.82 | MEDIUM VOLATILITY | The ATR as a percentage value for NMG suggests some volalility. |
| Average Directional Index/ADX (14) | 22.13 | NEUTRAL | The ADX value for NMG suggests a possible start of a new 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)
2.18
-0.01 (-0.46%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-0.46%
1 Week18.48%
2 Weeks31.33%
1 Month25.29%
3 Month13.54%
6 Month-3.54%
12 Month26.01%
2 Year-24.04%
3 Year-54.3%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.13
ATR(20)%4.82%
ATR Inc722.48%
Range Today0.45
ADR(20)0.1
ADR(20)%4.77%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.51
Mansfield2.19
10 Day High2.5
10 Day Low1.63
20 Day High2.5
20 Day Low1.6
52 Week High2.57
52 Week Low1.22
CS1 End1.71
CR1 Start2.2
Volume & EV
DER(3)5.14%
DER(5)1.52%
Volume763.00K
Volume Incr939.93%
Vol(5)435.16K
Vol(50)83.38K