Overall NB gets a technical rating of 5 out of 10. Although NB is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is only medium, NB does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
More info and screens
2.91
3 important support areas can be observed.
- Support @5.56 from a trend line in the weekly time frame.
- A support zone ranging from 5.18 to 5.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.94 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @6.52 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 NB is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NB is down. |
| ChartMill Relative Strength | 98.6 | POSITIVE | NB has a high relative strength, it outperformed 98.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of NB is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NB is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.41 | NEUTRAL | The RSI value for NB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests NB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 12.98 | OVERSOLD | The low Stochastics value suggests NB may be oversold. |
| Average True Range in percent/ATR (20) | 8.58 | HIGH VOLATILITY | The high ATR as a percentage value for NB suggests high volalility. |
| Average Directional Index/ADX (14) | 13.98 | NEGATIVE | The low ADX value for NB suggests a weak or negative trend. |
5.73
+0.29 (+5.33%)
NIOCORP DEVELOPMENTS LTD / NB FAQ
What is the technical rating for NB stock?
ChartMill assigns a technical rating of 5 / 10 to NB.
Can you provide the trend direction for NIOCORP DEVELOPMENTS LTD?
The current trend direction for NIOCORP DEVELOPMENTS LTD (NB) is Bearish.
What is the RSI signal for NIOCORP DEVELOPMENTS LTD (NB) stock?
NIOCORP DEVELOPMENTS LTD (NB) has an RSI value of 45.4149. This indicates that the stock is currently neutral.
Can you provide the short term momentum for NIOCORP DEVELOPMENTS LTD?
The short term momentum for NIOCORP DEVELOPMENTS LTD (NB) is negative.