NORAM LITHIUM CORP (NRM.CA) Stock Technical Analysis
TSX-V:NRM - TSX Venture Exchange - CA65542K1030 - Common Stock - Currency: CAD
Overall NRM gets a technical rating of 0 out of 10. NRM scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
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.
When comparing the yearly performance of all stocks, NRM is a bad performer in the overall market: 97% of all stocks are doing better.
NRM is part of the Metals & Mining industry. There are 805 other stocks in this industry, of which 89% are performing better than NRM.
NRM 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 NRM has a been trading in the 0.09 - 0.12 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Although the technical rating is bad, NRM does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 0.10. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 0.09, a Stop Loss order could be placed below this zone.
More info and screens
0.09
0.12
We found 1 important support area.
- A support zone ranging from 0.09 to 0.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 0.10 to 0.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 0.11 to 0.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.12 from a trend 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 | DOWN | NEGATIVE | The long term trend for NRM.CA is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NRM.CA is neutral. |
| ChartMill Relative Strength | 3.61 | NEGATIVE | NRM.CA has a low relative strength, it was outperformed by 96.39% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of NRM.CA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NRM.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NRM.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.41 | NEUTRAL | The RSI value for NRM.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests NRM.CA has a positive trend. |
| Stochastics (14,3) | 38.89 | NEUTRAL | The Stochastics value for NRM.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 6 | HIGH VOLATILITY | The high ATR as a percentage value for NRM.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 17.08 | NEGATIVE | The low ADX value for NRM.CA 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)
TSX-V:NRM (7/17/2025, 7:00:00 PM)
0.1
+0.01 (+5.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg5.26%
1 Week0%
2 Weeks11.11%
1 Month0%
3 Month-16.67%
6 Month5.26%
12 Month-62.96%
2 Year-80.39%
3 Year-83.33%
5 Year-44.44%
10 Year0%
15 YearN/A
Volatility
ATR(14)0.01
ATR(20)%6%
ATR Inc-26.32%
Range Today0.01
ADR(20)0
ADR(20)%4.5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS3.61
Mansfield-2.45
10 Day High0.11
10 Day Low0.09
20 Day High0.12
20 Day Low0.09
52 Week High0.27
52 Week Low0.08
CS1 End0.09
CR1 Start0.1
Volume & EV
DER(3)0%
DER(5)0%
Volume503.00K
Volume Incr234.51%
Vol(5)110.62K
Vol(50)33.35K