NovaGold Resources Inc Forecast and Stock Analysis
Technical NG stock analysis for Thursday May 23, 2019.
|Shorts||9.47% ( 2019-04-15 )|
|Price to book||USD 7.96|
|Next Earnings Date||2019-06-30|
NovaGold Resources Inc gained 1.06% in the last trading day ( Thursday, 23rd May 2019 ), rising from $3.79 to $3.83 During day the stock fluctuated 3.17% from a day low at $3.79 to a day high of $3.91. The price has been going up and down for this period, and there has been a -0.52% loss for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 0.45 million more shares were traded than the day before. In total, 1.19 million shares bought and sold for approximately $4.56 million.
- 30 day high of the NG stock price was $4.19 and low was $3.77.
- 90 day high was $4.54 and low was $3.76.
- 52 week high for the NovaGold Resources Inc - $4.90 and low - $3.41.
NovaGold Resources Inc lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -5.92% during the next 3 months and, with 90% probability hold a price between $3.43 and $4.10 at the end of this period.
A buy signal was issued from a pivot bottom point on Wednesday May 22, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. NovaGold Resources Inc holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $3.85 and $4.05. A break-up above any of these levels will issue buy signals.
Relative Strength Index (RSI)
RSI14 is 44 and the stock is currently not being overbought or oversold
Support & Resistance
NovaGold Resources Inc finds support from accumulated volume at $3.81.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.12 (3.17%) between high and low. For the last week, the stock has had a daily average volatility of 2.24%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
2.24 %Average volatility
Very Low Low Medium High Very High
NovaGold Resources Inc holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
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|NG $3.83 ($0.04 1.06%)|
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