NOUVEAU MONDE GRAPHITE INC (NMG) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:NMG • CA66979W8429
We assign a technical rating of 0 out of 10 to NMG. NMG's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- 79% of all other stocks performed better in the past year than NMG.
- NMG is part of the Metals & Mining industry. There are 157 other stocks in this industry, of which 84% are performing better than NMG.
- NMG is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month NMG has a been trading in the 1.97 - 3.23 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
The technical rating of NMG is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
2.07
We can see 3 important resistance areas.
- Resistance @2.86 from a trend line in the daily time frame.
- A resistance zone ranging from 2.98 to 3.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @3.13 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 | NEUTRAL | NEUTRAL | The long term trend for NMG is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NMG is down. |
| ChartMill Relative Strength | 21.45 | NEGATIVE | NMG has a low relative strength, it was outperformed by 78.55% off all stocks 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) | 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) | 34.73 | NEUTRAL | The RSI value for NMG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests NMG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 3.47 | OVERSOLD | The low Stochastics value suggests NMG may be oversold. |
| Average True Range in percent/ATR (20) | 10.23 | HIGH VOLATILITY | The high ATR as a percentage value for NMG suggests high volalility. |
| Average Directional Index/ADX (14) | 27.75 | POSITIVE | The high ADX value value for NMG suggests a strong trend. |
2.09
+0.11 (+5.56%)
NOUVEAU MONDE GRAPHITE INC / NMG FAQ
What is the technical rating for NMG stock?
ChartMill assigns a technical rating of 0 / 10 to NMG.
Can you provide the trend direction for NOUVEAU MONDE GRAPHITE INC?
The current trend direction for NOUVEAU MONDE GRAPHITE INC (NMG) is Bearish.
Can you provide the RSI signal for NOUVEAU MONDE GRAPHITE INC?
NOUVEAU MONDE GRAPHITE INC (NMG) has an RSI value of 34.7337. This indicates that the stock is currently neutral.
Can you provide the short term momentum for NOUVEAU MONDE GRAPHITE INC?
The short term momentum for NOUVEAU MONDE GRAPHITE INC (NMG) is negative.