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Stock Trend Analysis Report

Prepared for you on Saturday, September 30, 2023.

Novagold Resources Inc. (AMEX:NG)

Long-Term Downtrend (-90) - NG is in a strong downtrend that is likely to continue. While NG is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid NG?

MarketClub looks at technical strength and momentum to determine if the timing is right for NG.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

AMEX_NG
Open High Low NG Price Change
4.000 4.030 3.780 3.825 -0.125
Entry Signal

MarketClub’s Trade Triangles for NG

long term down The long-term trend has been DOWN since Mar 8th, 2023 at 5.400

intermediate term down The intermediate-term trend has been DOWN since Sep 28th, 2023 at 3.855

short term down The short-term trend has been DOWN since Sep 27th, 2023 at 4.150

Smart Scan Analysis for NG

Based on our trend formula, NG is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for NG
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.000 4.030 3.780 3.825 -0.125
Prev. Close Volume Bid Ask Time
3.840 1416589 2023-09-29 15:59:50
Year High5.045Year High Date2018-05-04
Year Low3.41Year Low Date2018-09-11
52wk High6.9852wk High Date2023-01-26
52wk Low3.8452wk Low Date2023-09-28
Year End Close4.51Average Volume1,428,279
Shares Outstanding334,133Short Interest20,245,164
% Institutional92Market Cap2,137M
Assets142,870,000MLiabilities134,065,000M
P/E Ratio-96.20000000Beta1.74
Volatility36.4
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