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
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NG: Medium term trend is still an Uptrend
Medium Trend /
NG: Medium term trend is still an Uptrend

[BULLISH]: Novagold Res Inc is in an uptrend in the medium term timeframe. The current rally number is 4 & the highest rally count for the LTM is 4. The highest rally for the month is 10

Novagold Res Inc: Detrended Price Oscillator(20) is 0.3025
Detrended Price Oscillator /
Novagold Res Inc: Detrended Price Oscillator(20) is 0.3025

[BULLISH]: Novagold Res Inc currently has a confirmed uptrend. Price is currently above the displaced moving average for NGCurrently, the return on DPO20 is -0.4%.

Range Tod Vs Range Yest /
Novagold Res Inc: Range Performance (-69)

[WEAK BEARISH]: Novagold Res Incbuyers are becoming less eager. This is the first day buyers have decreased eagerness for NG reducing strength to an uptrend in the first timeframe. The biggest price range this month has been $0.78 & the greatest daily price range this year has been $0.99. The price range ratio this week versus the quarterly price range is 0.9x & the price range ratio this month versus the year to date price range is 0.8x.

Stochastic Oscillator /
Novagold Res Inc is no longer overbought and normal trading conditions are resumed

[BEARISH]: Novagold Res Inc is currently Overbought highlighting the potential for a short term trend reversal in the downward direction.

High Price /
Recent trading for NG has beaten the previous high by 0.4 % [Uptrend]

[BULLISH]: Novagold Res Inc current uptrend in the first timeframe. Currently, the HIGH is 0.4 %.

MACD Volume /
Novagold Res Inc: Volume MACD @7232 [Bullish]

[BULLISH]: Novagold Res Inc currently has positive Volume MACD of 7232. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

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Fibonacci Fans /
[Long]: Entry price for NG should be set @$0

Novagold Res Inc is still above the 61.8% retracement level ($0) [Bullish]. Look for a long limit order entry near this point. Exit price for NG should be set @$83.48 & Stoploss for Novagold Res Inc should be set between $80.93

First timeframe trend of Novagold Res Inc has signalled a rally day
Coles Reaction Day /
First timeframe trend of Novagold Res Inc has signalled a rally day

Novagold Res Inc: Coles Rally Day has been confirmed A higher high has been achieved for last trading day for NG

Price & volume confirms continued buying pressure for Novagold Res Inc is likely
Elders Force Index /
Price & volume confirms continued buying pressure for Novagold Res Inc is likely

[BULLISH]: Novagold Res Inc current price has highlighted recent buying pressure. Currently, the Elders Force Index is 15254.

Daily Volume Index /
Accumulation DVI signal for Novagold Res Inc is confirmed

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

Moving Average Envelope /
Novagold Res Inc is still overbought with the Upper Envelope Band @$5.0715

[BEARISH]: Novagold Res Inc current trading has maintained the Envelope Bands to overbought status and signalled the continuation of the bearish trading conditions. Currently, the Upper Band is 5.0715.

Rate of Change /
Novagold Res Inc currently has positive rate of change for 5.943

[BULLISH]: Novagold Res Inc currently has positive rate of change of 5.9%. 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

Novagold Res Inc is still above the 61.8% retracement level ($0) [Bullish]
Fibonacci Retracements /
Novagold Res Inc is still above the 61.8% retracement level ($0) [Bullish]

Novagold Res Inc is still above the 61.8% retracement level ($0) [Bullish]. Look for a long limit order entry near this point. Exit price for NG should be set @$83.48 & Stoploss for Novagold Res Inc should be set between $80.93

Novagold Res Inc has broken above the 161.8% extension level ($0) [Bearish]
Fibonacci Extensions /
Novagold Res Inc has broken above the 161.8% extension level ($0) [Bearish]

Novagold Res Inc has moved above the 161.8% level ($0) [Bearish]. Look for a short limit order entry near this point. Exit price for NG should be set @$0 & short position stoploss for Novagold Res Inc should be set at $0

Volume /
NG has achieved a lower volume of 267441 (-40.4)

[BEARISH]: Novagold Res Inc current volume downtrend in the first timeframe. Volume for NG is267441 (-40.4).

Ease of Movement /
Ease of Movement for Novagold Res Incis 14.807 [Easily Moved]

NG: EOM Current Signal -> (1) 15 Feb: BULLISH EASY (2) 14 Feb: BULLISH EASY (3) 13 Feb: BULLISH HARD

Low Price /
Low for NG has surpassed the low of the previous trading session

NG: LOW Current Signal -> (1) 15 Feb: BULLISH (2) 14 Feb: BULLISH (3) 13 Feb: BULLISH

Buying pressure for NG highlights ability of buyers to drive the price upwards
Elder Ray Index /
Buying pressure for NG highlights ability of buyers to drive the price upwards

NG: Elder Ray Index Current Signal -> (1) 15 Feb: BULLISH (2) 14 Feb: BULLISH (3) 13 Feb: BULLISH

Novagold Res Inc: Aroon Oscillator (-20)
Aroon Oscillator /
Novagold Res Inc: Aroon Oscillator (-20)

[BEARISH]: Novagold Res Inc has a current ARU(25) of 36 and a current ARD(25) of 56

Drawdown for Novagold Res Inc is currently high signalling high stress
Ulcer Index /
Drawdown for Novagold Res Inc is currently high signalling high stress

[BULLISH]: Novagold Res Inc UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 12.62.

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

[BEARISH]: Novagold Res Inc currently has negative rate of change of -27%. 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%.

Accumulation / Distribution /
Distribution still active for Novagold Res Inc

[BEARISH]: Novagold Res Inc current distribution has given weakness to the share price and the continuation of bearish trading conditions.

Triangular Moving Average /
Novagold Res Inc is in a short term uptrend with the support price @$4.707

[BULLISH]: Novagold Res Inc currently has a confirmed uptrend. Recent trading has caused the TMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is -0.4%.

Close Tod Vs Close Yest /
Sellers are now keener than buyers for Novagold Res Inc & are driving the price down.

[BEARISH]: Novagold Res Incsellers are keener than buyers and are driving the price down. This is the first day of price decline for NG adding strength to a downtrend change in the first timeframe. The biggest downward movement this month has been -1.8 & the greatest daily negative change this year has been -10.8. The longest consecutive downswing rally over the last 12 months has been 5 days giving a total rally downward movement of -12.9%. This quarter, the largest downswing rally has been 3 days giving a total rally downward movement of -6.9%. The loss ratio for price decline in the first timeframe for the last 12 months is 0.5x giving a total win/loss ratio of 0.8x. Over the last month the average daily downward movement has been -1.2%

Strong opening from NG has seen an increase of 11.6 % [Uptrend]
Opening Price /
Strong opening from NG has seen an increase of 11.6 % [Uptrend]

[BULLISH]: Novagold Res Inc opening price has gapped up. Currently, the OPEN is $5.2 (11.6 %).

NGCCI signal continuation confirmed as overbought
Commodity Channel Index /
NGCCI signal continuation confirmed as overbought

[BEARISH]: Novagold Res Inc current trading has maintained the Commodity Channel Index to overbought status and signalled the continuation of the bearish trading conditions. Currently, the CCI is 143. NG received a confirmed CCI crossover on the Feb 14 2018.The bearish signal has been active for 0 day. During the quarter, the highest CCI value was 274.

Simple Moving Average /
Price continues to trade above the Simple Moving Average(5) for NG

[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 -0.4%.

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