RSI low/high Values: [ 30 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of NDM.TO
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Northern Dynasty Minerals Ltd. stock upgraded to Buy Candidate.
(Updated on Mar 27, 2024)

Buy candidate since Mar 27, 2024 PDF

The Northern Dynasty Minerals Ltd. stock price fell by -2.35% on the last day (Wednesday, 27th Mar 2024) from $0.425 to $0.415. During the last trading day the stock fluctuated 2.41% from a day low at $0.415 to a day high of $0.425. The price has fallen in 5 of the last 10 days and is down by -5.68% for this period. Volume has increased on the last day by 4 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 21 thousand shares were bought and sold for approximately $8.55 thousand.

The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Northern Dynasty Minerals Ltd. stock with a 90% probability to be traded between $0.306 and $0.512 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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NDM.TO Signals & Forecast

The Northern Dynasty Minerals Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.414 and $0.368. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, March 15, 2024, and so far it has fallen -5.68%. Further fall is indicated until a new bottom pivot has been found. Northern Dynasty Minerals Ltd. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Northern Dynasty Minerals Ltd. stock

Northern Dynasty Minerals Ltd. finds support from accumulated volume at $0.410 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0100 between high and low, or 2.41%. For the last week, the stock has had daily average volatility of 5.92%.

Our recommended stop-loss: $0.398 (-4.18%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 8 days ago.)

Trading Expectations (NDM.TO) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Northern Dynasty Minerals Ltd. to open at $0.418, and during the day (based on 14 day Average True Range), to move between $0.390 and $0.440, which gives a possible trading interval of +/-$0.0252 (+/-6.07%) up or down from last closing price. If Northern Dynasty Minerals Ltd. takes out the full calculated possible swing range there will be an estimated 12.13% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.410 (1.20%) than the resistance at $0.435 (4.82%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Northern Dynasty Minerals Ltd. stock A Buy?

Northern Dynasty Minerals Ltd. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.000 Buy Candidate Upgraded

Predicted Opening Price for Northern Dynasty Minerals Ltd. of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$0.418 ( 0.80%) $0.415

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for NDM.TO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 0.428 3.21 %
R2 0.425 2.29 %
R1 0.422 1.72 %
Current price: 0.415
Support S1 0.415 -0.117 %
S2 0.412 -0.686 %
S3 0.408 -1.61 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0.490 18.07 %
R2 0.440 6.02 %
R1 0.435 4.82 %
Current price 0.415
Support S1 0.410 -1.20%
S2 0.370 -10.84%
S3 0.335 -19.28%

FAQ

What is the symbol for Northern Dynasty Minerals Ltd. Stock and on which exchange is it traded?
The symbol for Northern Dynasty Minerals Ltd. is NDM.TO and it is traded on the TSX (Toronto Stock Exchange).

Should I buy or sell Northern Dynasty Minerals Ltd. Stock?
Northern Dynasty Minerals Ltd. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Northern Dynasty Minerals Ltd. Stock?
Northern Dynasty Minerals Ltd. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Northern Dynasty Minerals Ltd. Stock.

What's the current price of Northern Dynasty Minerals Ltd. Stock?
As of the end of day on the 2024-03-27, the price of an Northern Dynasty Minerals Ltd. (NDM.TO) share was $0.415.

What is the 52-week high and low for Northern Dynasty Minerals Ltd. Stock?
The 52-week high for Northern Dynasty Minerals Ltd. Stock is $0.580 and the 52-week low is $0.280.

What is the market capitalization of Northern Dynasty Minerals Ltd. Stock?
As of the 2024-03-27, the market capitalization of Northern Dynasty Minerals Ltd. is 225.217M.

When is the next earnings date for Northern Dynasty Minerals Ltd.?
The upcoming earnings date for Northern Dynasty Minerals Ltd. is Mar 29, 2024.
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About Northern Dynasty Minerals Ltd.

Northern Dynasty Minerals Ltd. engages in the exploration of mineral properties in the United States. Its principal mineral property is the Pebble Copper-Gold-Molybdenum-Silver-Rhenium project comprising 1,840 mineral claims that covers an area of approximately 274 square miles located in southwest Alaska, 17 miles from the villages of Iliamna and Newhalen, and approximately 200 miles southwest of the city of Anchorage. The company was formerly k... NDM.TO Profile

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