Thursday May 23, 2019 Change 1.06% Price $3.83
Chart period: 2019-02-25 - 2019-05-23
VOLUME
Buy
TREND
Sell
MV LONG
Sell

MV SHORT
Sell

PIVOT
Buy

MACD
Buy

Will NG stock price go up or down on Fri, 24 May 2019?

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NovaGold Resources Inc Forecast and Stock Analysis

Technical NG stock analysis for Thursday May 23, 2019.

Sell candidate since 2019-05-20 Gain 0.52%
Shorts 9.47% ( 2019-04-15 )
Insider % n/a
Institutional % 57.20%
Beta -0.25
ROA -35.59%
Price to book USD 7.96
P/E Ratio -40.15
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.

Quick summary:

  • 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.

Trend

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.

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Signals

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.

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A sell signal from a double top formation was found on Monday May 13, 2019 and based on theory for this formation the price should fall by -0.22% to $3.74 within 4 trading days since signal was issued (Friday May 17, 2019).

Relative Strength Index (RSI)

RSI14 is 44 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

NovaGold Resources Inc finds support from accumulated volume at $3.81.

Support: $3.81 Price: $3.83 Resistance: $3.96

Risk

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

Overall risk:

Very Low Low Medium High Very High

Stronger Sell Today NG ranks #2436 as SELL CANDIDATE #2436 Weaker Sell
NG $3.83 ($0.04 1.06%)
NG is up $0.04 today, but where's it headed in 2019?
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Will NG stock price go up or down
on Fri, 24 May 2019?

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