NOVAGOLD RESOURCES INC. - Daily - Technical analysis published on 05/09/2024 (GMT)
- 92
- 0
- Timeframe : Daily
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Slightly bearish
Technical indicators
39%
11%
50%
My opinion
Neutral between 2.81 USD and 3.04 USD
My targets
-
My analysis
The neutral short-term trend shows a weakening of the basic, slightly bearish trend on NOVAGOLD RESOURCES INC.. It is difficult to advise a trading direction under these conditions. The first support is located at 2.81 USD. The first resistance is located at 3.04 USD. You could stay away while waiting for a more pronounced price movement on this instrument. A new analysis could then be produced that would give clearer signals.
In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NOVAGOLD RESOURCES INC. rating is 2.99 USD. The price registered a decrease of -0.66% on the session and was between 2.99 USD and 3.09 USD. This implies that the price is at 0% from its lowest and at -3.24% from its highest.2.99
3.09
2.99
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in Daily of this NOVAGOLD RESOURCES INC. chart shows a slightly bearish trend. 46.43% of the signals given by moving averages are bullish. As the signals currently given by short-term moving averages are rather neutral, the overall trend could quickly return to neutral as well. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, only 7 technical indicators out of 18 studied are currently bullish. The Central Indicators scanner found this result concerning these indicators:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near resistance of channel
Type : Bearish
Timeframe : Daily
Near resistance of triangle
Type : Bearish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.28 | 2.53 | 2.81 | 2.99 | 3.04 | 3.31 | 3.58 |
| Change (%) | -23.75% | -15.38% | -6.02% | - | +1.67% | +10.70% | +19.73% |
| Change | -0.71 | -0.46 | -0.18 | - | +0.05 | +0.32 | +0.59 |
| Level | Intermediate | Minor | Major | - | Intermediate | Major | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.87 | 2.92 | 2.97 | 3.02 | 3.07 | 3.12 | 3.17 |
| Camarilla | 2.98 | 2.99 | 3.00 | 3.01 | 3.02 | 3.03 | 3.04 |
| Woodie | 2.86 | 2.92 | 2.96 | 3.02 | 3.06 | 3.12 | 3.16 |
| Fibonacci | 2.92 | 2.96 | 2.99 | 3.02 | 3.06 | 3.09 | 3.12 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.65 | 2.78 | 2.90 | 3.03 | 3.15 | 3.28 | 3.40 |
| Camarilla | 2.96 | 2.98 | 3.01 | 3.03 | 3.05 | 3.08 | 3.10 |
| Woodie | 2.66 | 2.78 | 2.91 | 3.03 | 3.16 | 3.28 | 3.41 |
| Fibonacci | 2.78 | 2.87 | 2.93 | 3.03 | 3.12 | 3.18 | 3.28 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.02 | 2.39 | 2.64 | 3.01 | 3.26 | 3.63 | 3.88 |
| Camarilla | 2.73 | 2.79 | 2.84 | 2.90 | 2.96 | 3.01 | 3.07 |
| Woodie | 1.97 | 2.36 | 2.59 | 2.98 | 3.21 | 3.60 | 3.83 |
| Fibonacci | 2.39 | 2.62 | 2.77 | 3.01 | 3.24 | 3.39 | 3.63 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 51.24 | |
| MACD (12,26,9): | 0.0200 | |
| Directional Movement: | 7.28 | |
| AROON (14): | 42.85 | |
| DEMA (21): | 3.04 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.80 | |
| Elder Ray (13): | 0.03 | |
| Super Trend (3,10): | 2.74 | |
| Zig ZAG (10): | 3.02 | |
| VORTEX (21): | 0.9100 | |
| Stochastique (14,3,5): | 66.59 | |
| TEMA (21): | 3.01 | |
| Williams %R (14): | -35.00 | |
| Chande Momentum Oscillator (20): | 0.08 | |
| Repulse (5,40,3): | -2.3900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1500 | |
| Courbe Coppock: | 2.27 |
| MA7: | 3.03 | |
| MA20: | 3.01 | |
| MA50: | 2.88 | |
| MA100: | 2.97 | |
| MAexp7: | 3.01 | |
| MAexp20: | 3.00 | |
| MAexp50: | 2.96 | |
| MAexp100: | 3.08 | |
| Price / MA7: | -1.32% | |
| Price / MA20: | -0.66% | |
| Price / MA50: | +3.82% | |
| Price / MA100: | +0.67% | |
| Price / MAexp7: | -0.66% | |
| Price / MAexp20: | -0.33% | |
| Price / MAexp50: | +1.01% | |
| Price / MAexp100: | -2.92% |
Quotes :
-
15 min delayed data
-
NYSE MKT Stocks
News
The latest news and videos published on NOVAGOLD RESOURCES INC. at the time of the analysis were as follows:
- NOVAGOLD Announces Date of its 2024 Virtual Annual General Meeting of Shareholders
- NOVAGOLD Releases 2023 Sustainability Report
- NOVAGOLD Reports First Quarter 2024 Financial Results
- SAVE THE DATE: NOVAGOLD 2024 First Quarter Financial Results Release, Conference Call and Video Webcast
- NOVAGOLD Reports Fiscal Year 2023 Financial Results
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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