NORTHERN SHIELD RESOURCES IN (NRN.CA) Stock Technical Analysis
TSX-V:NRN - TSX Venture Exchange - CA6657203064 - Common Stock - Currency: CAD
Taking everything into account, NRN scores 2 out of 10 in our technical rating. Although NRN 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.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
In the last month NRN has a been trading in the 0.04 - 0.04 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that NRN is one of the better performing stocks in the market, outperforming 83% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
NRN is part of the Metals & Mining industry. There are 822 other stocks in this industry, NRN did better than 68% of them.
NRN 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.
NRN has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 0.04. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 0.04, a Stop Loss order could be placed below this zone.
More info and screens
0.04
0.04
We found 1 important support area.
- A support zone ranging from 0.04 to 0.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 0.04 to 0.04. This zone is formed by a combination of multiple trend lines in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.79
Mansfield-0.7
10 Day High0.04
10 Day Low0.04
20 Day High0.04
20 Day Low0.04
52 Week High0.06
52 Week Low0.03
Performance
1 Week14.29%
2 Weeks14.29%
1 Month0%
3 Month14.29%
6 Month-27.27%
12 Month33.33%
2 Year-20%
3 Year-68%
5 Year-87.69%
10 Year-46.67%
15 Year-95%
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
RSI(14)52.29
LBB0.03
UBB0.04
TSX-V:NRN (3/7/2025, 7:00:00 PM)
0.04
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0%
1 Week14.29%
2 Weeks14.29%
1 Month0%
3 Month14.29%
6 Month-27.27%
12 Month33.33%
2 Year-20%
3 Year-68%
5 Year-87.69%
10 Year-46.67%
15 Year-95%
Volatility
ATR(14)0
ATR(20)%6.25%
ATR Inc-12.5%
Range Today0
ADR(20)0
ADR(20)%0.63%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.79
Mansfield-0.7
10 Day High0.04
10 Day Low0.04
20 Day High0.04
20 Day Low0.04
52 Week High0.06
52 Week Low0.03
CS1 End0.04
CR1 Start0.04
Volume & EV
DER(3)0%
DER(5)0%
Volume18.44K
Volume Incr-57.89%
Vol(5)13.51K
Vol(50)30.47K