Technical analysis from Novagold Res Inc (NG.TO.TO, TSE:NG.TO) on the Toronto Stock Exchange (TSX). Download the latest price data & trading signals

Novagold Res Inc
+ Share

Volume rate of change(14) is increasing for Novagold Res Inc
Volume Rate of Change /
Volume rate of change(14) is increasing for Novagold Res Inc

[BULLISH]: Novagold Res Inc currently has positive volume of change of 39%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is -1.3%.

Positive ROC: Price is trading higher for Novagold Res Inc than 14 days ago
Rate of Change /
Positive ROC: Price is trading higher for Novagold Res Inc than 14 days ago

[BULLISH]: Novagold Res Inc currently has positive rate of change of 1.803%. 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

MACD Volume /
Volume MACD for Novagold Res Inc is now losing momentum @-1409

[BEARISH CROSSOVER]: Novagold Res Inc currently has negative Volume MACD of -1409. This means the signal line is less than the Volume MACD line signalling a bearish movement.

Fibonacci Extensions /
Novagold Res Inc has moved below the 161.8% extension level ($10.18) [Bullish]

Novagold Res Inc has moved below the 161.8% level ($10.18) [Bullish]. Look for a long limit order entry near this point. Exit price for NG should be set @$9.27 & Stoploss for Novagold Res Inc should be set at $11.09

Closing Price /
Weaker price performance from NG has seen a lower close of -1.3 % [Downtrend]

NG: CLOSE Current Signal -> (1) 17 May: BEARISH (2) 16 May: BEARISH (3) 15 May: BULLISH

Medium Trend /
Daily bar has maintained 2nd timeframe Uptrend for NG

[BULLISH]: Novagold Res Inc has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the May 15 2018.

Top companies for
Toronto Stock Exchange
Advertisment
Woodie Pivot Point /
[Short]: Limit orders for Novagold Res Inc should be set at $6.16

Novagold Res Inc has broken the first Woodie support point ($6.16) [Bearish]. Look for a short limit order entry near this point. Exit price for NG should be set @$6.13 & short position stoploss for Novagold Res Inc should be set at $6.33

DVI: Accumulation still active for Novagold Res Inc
Daily Volume Index /
DVI: Accumulation still active for Novagold Res Inc

[BULLISH]: Novagold Res Inc current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 529.

Novagold Res Inc currently has positive PPO 1.808
Percentage Price /
Novagold Res Inc currently has positive PPO 1.808

[BULLISH]: Novagold Res Inc currently has positive PPO 1.808%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Opening Price /
[Bullish]: Opening performance for NG of 0.3 % was achieved in last trading session

[BULLISH]: Novagold Res Inc opening price has gapped up. Currently, the OPEN is $6.3 (0.3 %).

Chaikin Money Flow /
CMF has a positive momentum of the acc/dist line

NG: Chaikin Oscillator Current Signal -> (1) 17 May: BULLISH (2) 16 May: BULLISH (3) 15 May: BULLISH

Simple Moving Average /
NG: Price has moved below the SMA(5) @$6.264

[BEARISH]: Novagold Res Inc 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 -1.3%.

Positive momentum for Novagold Res Inc is a leading indicator for continued price rise
Momentum /
Positive momentum for Novagold Res Inc is a leading indicator for continued price rise

NG: MOM Current Signal -> (1) 17 May: BULLISH (2) 16 May: BULLISH (3) 15 May: BEARISH CROSSOVER

This is the first day of seller commitment for Novagold Res Inc adding strength to an downtrend in the first timeframe
Close Tod Vs Range Tod /
This is the first day of seller commitment for Novagold Res Inc adding strength to an downtrend in the first timeframe

[BEARISH]: Novagold Res Inc sellers in control. This is the first day of seller commitment for Novagold Res Inc 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 94 trading days with the closing price in the lower part of the range giving a confirmation ratio of 35.7%. Over the last month there has been 6 trading days with the closing price in the lower range giving a confirmation ratio of 46.2%. Currently this quarter, closing price has spent 13 days in the lower price range compared to 9 days in the upper range giving a ratio of 1.4x.

Black Candle /
NG Basic Candle: Black

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

Exponential Moving Average /
Price is now trading below the Exponential Moving Average(5) for NG

[BEARISH]: Novagold Res Inc currently has a confirmed downtrend. Recent trading has caused the EMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is -1.3%.

Pivot Reversal /
A short term Pivot Reversal has formed with Novagold Res Inc

NG: Bar Reversal Recent Trading -> (1) 17 May: Pivot Reversal (2) 16 May: No bar reversal is present (3) 15 May: No bar reversal is present

[Buying Pressure]: EFI (2724) confirms bullish conditions for Novagold Res Inc
Elders Force Index /
[Buying Pressure]: EFI (2724) confirms bullish conditions for Novagold Res Inc

[BULLISH]: Novagold Res Inc current price has highlighted recent buying pressure. Currently, the Elders Force Index is 2724.

OBV: Accumulation still active for Novagold Res Inc
On Balance Volume /
OBV: Accumulation still active for Novagold Res Inc

[BULLISH]: Novagold Res Inc current price has highlighted recent accumulation. Currently, the OBV is 1.31225e+006.

Envelope bands Oversold signal is still current for Novagold Res Inc [Bullish]
Moving Average Envelope /
Envelope bands Oversold signal is still current for Novagold Res Inc [Bullish]

[BULLISH]: Novagold Res Inc current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 5.8045.

Low Price /
Novagold Res Inc: Daily low price is $6.2 [Lower low]

[BULLISH]: Novagold Res Inc current downtrend in the first timeframe. Currently, the Low is $6.2 (-0.5 %).

Short Trend /
Novagold Res Inc: Daily Downtrend has been confirmed

[BEARISH]: Novagold Res Inc is in a downtrend in the short term timeframe. The current rally number is 1 & the highest rally count for the LTM is 4

Triangular Moving Average /
NG: Price has moved below the TMA(5) @$6.231

NG: TMA Recent Trading -> (1) 17 May: 6.2310 (2) 16 May: 6.2250 (3) 15 May: 6.2300

Volume /
Weaker volume performance from NG has seen a lower volume of -77.8 [Downtrend]

NG: VOLUME Current Signal -> (1) 17 May: BEARISH (2) 16 May: BEARISH (3) 15 May: BULLISH

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

[BEARISH]: Novagold Res Inc currently has a confirmed downtrend. Recent trading has caused the SWMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is -1.3%.

NG: Over the last 12 months there has been 50 trading days with the opening price in the upper shadow & the closing the price in the lower shadow
Open Tod Vs Close Tod /
NG: Over the last 12 months there has been 50 trading days with the opening price in the upper shadow & the closing the price in the lower shadow

[BEARISH STRONG]: Novagold Res Inc opened in the upper part of daily range at 100% & closed in the lower part of the trading range at 10%. This suggests the sellers were in control all day. Over the last 12 months there has been 50 trading days with the opening price in the upper shadow & the closing the price in the lower shadow giving a confirmation ratio of 19%. Over the last month there has been 4 trading days with the opening price in the lower upper range & the closing the price in the lower price range giving a confirmation ratio of 30.8%.

Demarks Pivot Points /
Novagold Res Inc has moved above the R1 DeMark pivot point ($6.2275) [Bullish]

Novagold Res Inc has broken the first DeMark resistance point ($6.2275) [Bullish]. Look for a long limit order entry near this point. Exit price for NG should be set @$6.255 & Stoploss for Novagold Res Inc should be set at $6.155

See More   See more results
Advertisment
Advertisment
back to top