Technical analysis from Novagold Resources (NG, AMEX:NG) on the American Stock Exchange (AMEX). Download the latest price data & trading signals

Novagold Resources
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Weaker price performance from NG has seen a lower high of -0.9 % [Downtrend]
High Price /
Weaker price performance from NG has seen a lower high of -0.9 % [Downtrend]

[BEARISH]: Novagold Resources current downtrend in the first timeframe. Currently, the HIGH is -0.9 %.

Novagold Resources: Current trading activity signals accumulation is present
Accumulation / Distribution /
Novagold Resources: Current trading activity signals accumulation is present

[BULLISH]: Novagold Resources current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the ADLINE is 1.46969e+006.

On Balance Volume /
OBV: Distribution still active for Novagold Resources

[BEARISH]: Novagold Resources current price has highlighted recent distribution. Currently, the OBV is -4.19287e+006.

Low Price /
[Bearish]: Lower low has formed for NG by -0.4 % during the last trading session

[BULLISH]: Novagold Resources current downtrend in the first timeframe. Currently, the Low is $4.57 (-0.4 %).

Percentage Volume /
Volume has now fallen below the short term EMA for NG [Bearish Crossover]

[BEARISH CROSSOVER]: Novagold Resources currently has negative PVO -2.21%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is 0%.

Price Range /
Range for NG has not surpassed the range of the previous trading session

[BEARISH]: Novagold Resources current downtrend in the first timeframe. Currently, the Range is $0.06.

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Volume /
Volume for NG has surpassed the volume of the previous trading session

[BULLISH]: Novagold Resources current volume uptrend in the first timeframe. Volume for NG is 893200 (15.8).

Chaikin Money Flow /
CMF has positive divergence between price and volume

[BULLISH]: Novagold Resources current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.14. NG The bullish signal has been active for 0 day. During the quarter, the highest CMF value was 0.26

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[Bearish]: SWMA(5) is serving as a resistance line for Novagold Resources
Sine Weighted Moving Average /
[Bearish]: SWMA(5) is serving as a resistance line for Novagold Resources

NG: SWMA Current Signal -> (1) 22 Jun: BEARISH (2) 21 Jun: BEARISH (3) 20 Jun: BEARISH

Novagold Resources: MACD @0.0043 [Bullish]
MACD /
Novagold Resources: MACD @0.0043 [Bullish]

[BULLISH]: Novagold Resources currently has positive MACD of 0.0043. This means the signal line is greater than the MACD line signalling a bullish movement.

Average Directional Movement /
Average Directional Index for Novagold Resources has signalled a weak trend is active

[Weak Trend]: ADX for NG has confirmed a weak trend is present. Novagold Resources has an ATR(14) of 0.123, a DX of 12.15 & an ADX(14) of 19.87

Close Tod Vs Range Tod /
Novagold Resources: Sellers are in control at the market close.

[BEARISH]: Novagold Resources sellers in control. There has been 3 consecutive days of prices closing in the lower part of the trading range for Novagold Resources adding strength to an downtrend in the first timeframe & highlights the lack of commitment of buyers to carry positions overnight Over the last 12 months there has been 247 trading days with the closing price in the lower part of the range giving a confirmation ratio of 93.9%. Over the last month there has been 7 trading days with the closing price in the lower range giving a confirmation ratio of 46.7%. Currently this quarter, closing price has spent 42 days in the lower price range compared to 43 days in the upper range giving a ratio of 1x.

Open Tod Vs Close Tod /
Novagold Resources: Sellers have taken control.

NG: Open today versus close yesterday Current Signal ->(1) 22 Jun: BEARISH (2) 21 Jun: BEARISH STRONG (3) 20 Jun: BEARISH

Simple Moving Average(5) signal continues for Novagold Resources indicating downward price movement is likely
Simple Moving Average /
Simple Moving Average(5) signal continues for Novagold Resources indicating downward price movement is likely

[BEARISH]: Novagold Resources currently has a confirmed downtrend. Recent trading has caused the SMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is -0.4%.

Novagold Resources: Two Crows
Two Crows /
Novagold Resources: Two Crows

[BEARISH]: Novagold Resources has formed a new Two Crows reversal pattern.

Ease of Movement /
Novagold Resources was easily moved downward on high volume in recent trading

NG: EOM Current Signal -> (1) 22 Jun: BEARISH HARD (2) 21 Jun: BEARISH HARD (3) 20 Jun: BULLISH HARD

Elder Ray Index /
Novagold Resources: Elder Ray Index is -0.067 [Bearish]

[BEARISH]: Novagold Resources Elder Ray Index is signalling a Bearish movementERI is -0.067 indicating bear power. Prices are being driven below the consensus of value for NG during the last trading session [Selling Pressure]

Ulcer Index /
[High Stress]: High drawdown associated with recent trading of NG

[BULLISH]: Novagold Resources UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 5.522.

The TMA trend following signal is still current for Novagold Resources [Bearish]
Triangular Moving Average /
The TMA trend following signal is still current for Novagold Resources [Bearish]

[BEARISH]: Novagold Resources currently has a confirmed downtrend. Recent trading has caused the TMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is -0.4%.

Elders Force Index (17390) has signalled buying pressure has continued for NG
Elders Force Index /
Elders Force Index (17390) has signalled buying pressure has continued for NG

[BULLISH]: Novagold Resources current price has highlighted recent buying pressure. Currently, the Elders Force Index is 17390.

NG Basic Candle: Black
Black Candle /
NG Basic Candle: Black

[BEARISH]: Novagold Resources has formed a Black candlestick. Normal selling pressure highlighting sellers were in control.

Weighted Moving Average /
[Bearish]: WMA(5) is serving as a resistance line for Novagold Resources

NG: WMA Current Signal -> (1) 22 Jun: BEARISH (2) 21 Jun: BEARISH (3) 20 Jun: BEARISH

MACD Volume /
Novagold Resources: Volume MACD oscillator (-135418)

[BEARISH]: Novagold Resources currently has negative Volume MACD of -135418. This means the signal line is less than the Volume MACD line signalling a bearish movement.

Momentum /
Negative momentum: Price is trading lower for Novagold Resources than 5 days ago

[BEARISH]: Novagold Resources currently has negative momentum of -0.17 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is -0.4%.The largest downward momentum rally for the last 3 months is 7 days producing a return of -5.4%.

Long Trend /
Third timeframe trend of Novagold Resources remains as an Uptrend

NG: Long Term Trend Current Signal -> (1) 22 Jun: BULLISH (2) 21 Jun: BULLISH (3) 20 Jun: BULLISH

Contracting price range for NG signalling sellers continue to be less eager
Range Tod Vs Range Yest /
Contracting price range for NG signalling sellers continue to be less eager

NG: Range today versus range yesterday Current Signal ->(1) 22 Jun: BULLISH (2) 21 Jun: BEARISH (3) 20 Jun: BULLISH

Novagold Resources has initiated a positive rate of change of 0.659
Rate of Change /
Novagold Resources has initiated a positive rate of change of 0.659

[BULLISH CROSSOVER]: Novagold Resources currently has positive rate of change of 0.659%. This means the current price is greater than the price 14 days ago and therefore gaining momentum & is a leading indicator of price movement in the upward direction

Volume Rate of Change /
14-day volume rate of change is decreasing for Novagold Resources

[BEARISH]: Novagold Resources currently has negative rate of change of -45%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is -0.4%.

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