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

Novagold Resources Inc.
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Novagold Resources Inc. opened in the lower part of daily range at 10.000000000000000% & closed in the middle part of the trading range at 40.000000000000000%. This suggests the buyers have lost commitment.
Open Tod Vs Close Tod /
Novagold Resources Inc. opened in the lower part of daily range at 10.000000000000000% & closed in the middle part of the trading range at 40.000000000000000%. This suggests the buyers have lost commitment.

[BULLISH WEAK]: Novagold Resources Inc. opened in the lower part of daily range at 10.000000000000000% & closed in the middle part of the trading range at 40.000000000000000%. This suggests the buyers have lost commitment. Over the last 12 months there has been 26 trading days with the opening price in the lower shadow & the closing the price in the middle shadow giving a confirmation ratio of 9.9%. Over the last month there has been 3 trading days with the opening price in the lower price range & the closing the price in the middle price range giving a confirmation ratio of 16.7%.

[Bull Power]: ERI has increased for Novagold Resources Inc. during the last trading session
Elder Ray Index /
[Bull Power]: ERI has increased for Novagold Resources Inc. during the last trading session

[BULLISH]: Novagold Resources Inc.Elder Ray Index is signalling a Bullish movementERI is 0.1580 indicating bull power. Prices are being driven above the consensus of value for NG during the last trading session [Buying Pressure]

Moving Average Envelope /
Overbought signal for the Upper Envelope band is still current for Novagold Resources Inc.

[BEARISH]: Novagold Resources 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 4.7670.

Stochastic Oscillator /
Stochastic overbought signal had been cancelled for Novagold Resources Inc.

NG: Stochastic Oscillator Signal -> (1) 25 Apr: BEARISH CROSSUNDER (2) 24 Apr: BULLISH CROSSOVER (3) 23 Apr: BULLISH CROSSUNDER

Chaikin Money Flow /
Chaikin Oscillator is showing buying pressure for NG

NG: Chaikin Oscillator Current Signal -> (1) 25 Apr: BULLISH (2) 24 Apr: BULLISH (3) 23 Apr: BULLISH

Average Directional Movement /
Recent trading indicates ADX strong trend direction likely for NG

NG: Average Directional Index Current Signal -> (1) 25 Apr: TREND STRONG (2) 24 Apr: TREND STRONG (3) 23 Apr: TREND STRONG

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Exponential Moving Average /
Exponential Moving Average(5) signal continues for Novagold Resources Inc. indicating upward price movement is likely

[BULLISH]: Novagold Resources Inc. currently has a confirmed uptrend. Recent trading has caused the EMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is -0.4%.

Second timeframe trend of Novagold Resources Inc. remains as an Uptrend
Medium Trend /
Second timeframe trend of Novagold Resources Inc. remains as an Uptrend

NG: Medium Term Recent Trading -> (1) 25 Apr: Uptrend (2) 24 Apr: Uptrend (3) 23 Apr: Uptrend

Novagold Resources Inc.: Price Percentage Oscillator
Percentage Price /
Novagold Resources Inc.: Price Percentage Oscillator

[BULLISH]: Novagold Resources Inc. currently has positive PPO 2.6000%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Momentum /
Positive momentum: Price is trading higher for Novagold Resources Inc. than 5 days ago

[BULLISH]: Novagold Resources Inc. currently has positive momentum of 0.1500. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is -0.4000%. The largest upward momentum rally for the last 3 months is 8 days producing a return of 1.9%%.

Percentage Volume /
Percentage volume oscillator remains negative for NG

[BEARISH]: Novagold Resources Inc. currently has negative PVO -4.6000%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is 1.4%.

Long Trend /
[Uptrend]: The third timeframe trend for Novagold Resources Inc. remains intact

[BULLISH]: Novagold Resources Inc. has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Feb 14 2018.

[Bullish]: Continued buying pressure for Novagold Resources Inc. has been confirmed
Elders Force Index /
[Bullish]: Continued buying pressure for Novagold Resources Inc. has been confirmed

[BULLISH]: Novagold Resources Inc. current price has highlighted recent buying pressure. Currently, the Elders Force Index is 33328.0000.

Novagold Resources Inc.: Two White Soldiers
Two White Soldiers /
Novagold Resources Inc.: Two White Soldiers

[BULLISH]: Novagold Resources Inc. has formed a new Two White Soldiers pattern.

MACD /
Novagold Resources Inc.: MACD oscillator (-0.0030)

[BEARISH]: Novagold Resources Inc. currently has negative MACD of -0.0030. This means the signal line is less than the MACD line signalling a bearish movement. Currently, the return on MACD is 1.4%.

Demarks Pivot Points /
Novagold Resources Inc. has broken the first DeMark resistance point ($4.8000) [Bullish]

Novagold Resources Inc. has broken the first DeMark support point ($4.8000) [Bearish]. Look for a short limit order entry near this point. Exit price for NG should be set @$4.7600 & short position stoploss for Novagold Resources Inc. should be set at $4.8600

Commodity Channel Index /
Continuation of the overbought CCI signal for Novagold Resources Inc.

NG: CCI Recent Trading -> (1) 25 Apr: 136.0000 (2) 24 Apr: 125.0000 (3) 23 Apr: 55.0000

Novagold Resources Inc.: Daily opening price is $4.7500
Opening Price /
Novagold Resources Inc.: Daily opening price is $4.7500

[BEARISH]: Novagold Resources Inc. opening price has gapped down. Currently, the OPEN is $4.7500 (3.3 %).

Novagold Resources Inc.: ATR (0.1620) has signalled an downtrend is current
Average True Range /
Novagold Resources Inc.: ATR (0.1620) has signalled an downtrend is current

[Bearish]: Average True Range has confirmed an downtrend is present. Novagold Resources Inc. has a TR of 0.1000, and an ATR(14) of 0.1620.

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

[BULLISH]: Novagold Resources Inc. currently has a confirmed uptrend. Recent trading has caused the SWMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is -0.4%.

High Price /
Weaker price performance from NG has seen a lower high of -2.0 % [Downtrend]

NG: HIGH Current Signal -> (1) 25 Apr: BEARISH (2) 24 Apr: BULLISH (3) 23 Apr: BEARISH

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

[BULLISH]: Novagold Resources Inc. currently has a confirmed uptrend. Recent trading has caused the WMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is -0.4%.

Closing Price /
Novagold Resources Inc.: Daily performance is -0.4 % [Downtrend]

NG: CLOSE Current Signal -> (1) 25 Apr: BEARISH (2) 24 Apr: BULLISH (3) 23 Apr: BEARISH

Accumulation / Distribution /
Accumulation still active for Novagold Resources Inc.

NG: ADLINE Current Signal -> (1) 25 Apr: BULLISH (2) 24 Apr: BULLISH (3) 23 Apr: BULLISH

Bullish trading conditions for Novagold Resources Inc. has been signalled from the DPO (0.3410)
Detrended Price Oscillator /
Bullish trading conditions for Novagold Resources Inc. has been signalled from the DPO (0.3410)

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

Price was difficult to move upward in recent trading on high volume causing an uptrend in price for NG
Ease of Movement /
Price was difficult to move upward in recent trading on high volume causing an uptrend in price for NG

[BULLISH]: Novagold Resources Inc. current price have moved upwards on high volume. Currently, the Ease of Movement is 0.2060

Volume Rate of Change /
Novagold Resources Inc.: Volume rate of Change (14)

NG: VROC Recent Trading -> (1) 25 Apr: -11.0000 (2) 24 Apr: -1.0000 (3) 23 Apr: -38.0000

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