NORANDA INCOME FUND (NIF-UN.CA) Stock Technical Analysis
TSX:NIF-UN - Toronto Stock Exchange - CA6554321027 - Currency: CAD
Taking everything into account, NIF-UN scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NIF-UN is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
NIF-UN is part of the Metals & Mining industry. There are 811 other stocks in this industry. NIF-UN outperforms 94% of them.
NIF-UN is currently trading near its 52 week high. This is a good sign, certainly because the S&P500 Index is not trading near new highs.
In the last month NIF-UN has a been trading in the 1.42 - 1.99 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, NIF-UN did better than 97% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
Considerably lower volume is observed in the last couple of days.
Although NIF-UN has an excellent technical rating, it does not offer a high 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
1.67
2.01
2 important support areas can be observed.
- A support zone ranging from 1.96 to 1.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.69 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 1.97 to 1.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.64
Mansfield6.21
10 Day High1.99
10 Day Low1.97
20 Day High1.99
20 Day Low1.42
52 Week High1.99
52 Week Low0.26
Performance
1 Week0%
2 Weeks0%
1 Month36.81%
3 Month105.21%
6 Month69.83%
12 Month33.11%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)-0.02
RSI(14)86.98
LBB1.97
UBB1.98
TSX:NIF-UN (3/17/2023, 7:00:00 PM)
1.97
-0.01 (-0.51%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-0.51%
1 Week0%
2 Weeks0%
1 Month36.81%
3 Month105.21%
6 Month69.83%
12 Month33.11%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.01
ATR(20)%1.93%
ATR Inc7.69%
Range Today0.01
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.64
Mansfield6.21
10 Day High1.99
10 Day Low1.97
20 Day High1.99
20 Day Low1.42
52 Week High1.99
52 Week Low0.26
CS1 End1.96
CR1 Start1.97
Volume & EV
DER(3)0%
DER(5)-0.66%
Volume9.59K
Volume Incr-86.18%
Vol(5)28.72K
Vol(50)181.70K