Stock Trend Analysis Report
Prepared for you on Friday, January 27, 2023.
Novagold Resources Inc (TSE:NG)
Sidelines Mode (+55) - NG is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
MarketClub’s Trade Triangles for NG
The long-term trend has been UP since Oct 4th, 2022 at 6.81
The intermediate-term trend has been UP since Nov 7th, 2022 at 6.71
The short-term trend has been DOWN since Jan 26th, 2023 at 8.87
Smart Scan Analysis for NG
Based on our trend formula, NG is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|Year High||6.47||Year High Date||2018-05-03|
|Year Low||4.44||Year Low Date||2018-01-31|
|52wk High||6.47||52wk High Date||2018-05-03|
|52wk Low||4.33||52wk Low Date||2017-12-08|
|Year End Close||4.5||Average Volume||199,399|