NOVAGOLD RESOURCES INC (NG) Stock Technical Analysis
NYSEARCA:NG - NYSE Arca - CA66987E2069 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to NG. In the last year, NG was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
NG is one of the better performing stocks in the Metals & Mining industry, it outperforms 82% of 152 stocks in the same industry.
In the last month NG has a been trading in the 2.26 - 4.57 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.
NG has an average volume of 3069270 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, NG did better than 96% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
NG is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although NG has an excellent technical rating, it does not offer a high quality setup 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
2.59
4.39
When analyzing the support we notice one important area.
- Support @2.62 from a trend line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.69
Mansfield2.96
10 Day High4.57
10 Day Low2.26
20 Day High4.57
20 Day Low2.26
52 Week High4.88
52 Week Low2.26
Performance
1 Week53.17%
2 Weeks68.6%
1 Month33.44%
3 Month45%
6 Month20.83%
12 Month47.96%
2 Year-20.04%
3 Year-30.06%
5 Year-61.13%
10 Year13.28%
15 Year-50.85%
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)
Technical Indicators
MACD(12,26,9)0.14
RSI(14)77.05
LBB1.94
UBB3.81
4.35
+1.24 (+39.87%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg39.87%
1 Week53.17%
2 Weeks68.6%
1 Month33.44%
3 Month45%
6 Month20.83%
12 Month47.96%
2 Year-20.04%
3 Year-30.06%
5 Year-61.13%
10 Year13.28%
15 Year-50.85%
Volatility
ATR(14)0.32
ATR(20)%6.5%
ATR Inc248.93%
Range Today1.27
ADR(20)0.26
ADR(20)%6.07%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.69
Mansfield2.96
10 Day High4.57
10 Day Low2.26
20 Day High4.57
20 Day Low2.26
52 Week High4.88
52 Week Low2.26
CS1 End2.62
CR1 StartN/A
Volume & EV
DER(3)3.71%
DER(5)2.04%
Volume25.07M
Volume Incr117.36%
Vol(5)6.99M
Vol(50)3.07M