Novagold Resources Stock Technical Analysis
| NG Stock | CAD 5.15 0.09 1.78% |
As of the 2nd of December, NovaGold Resources secures the Risk Adjusted Performance of (0.01), standard deviation of 3.23, and Mean Deviation of 2.33. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of NovaGold Resources, as well as the relationship between them.
NovaGold Resources Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as NovaGold, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to NovaGoldNovaGold |
NovaGold Resources technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
NovaGold Resources Technical Analysis
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of NovaGold Resources volatility. High ATR values indicate high volatility, and low values indicate low volatility.
NovaGold Resources Trend Analysis
Use this graph to draw trend lines for NovaGold Resources. You can use it to identify possible trend reversals for NovaGold Resources as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual NovaGold Resources price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.NovaGold Resources Best Fit Change Line
The following chart estimates an ordinary least squares regression model for NovaGold Resources applied against its price change over selected period. The best fit line has a slop of 0.01 , which may suggest that NovaGold Resources market price will keep on failing further. It has 122 observation points and a regression sum of squares at 6.65, which is the sum of squared deviations for the predicted NovaGold Resources price change compared to its average price change.About NovaGold Resources Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of NovaGold Resources on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of NovaGold Resources based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on NovaGold Resources price pattern first instead of the macroeconomic environment surrounding NovaGold Resources. By analyzing NovaGold Resources's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of NovaGold Resources's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to NovaGold Resources specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2023 | 2024 (projected) | Graham Number | 0.32 | 0.3 | Receivables Turnover | 0.033 | 0.0314 |
NovaGold Resources December 2, 2024 Technical Indicators
Most technical analysis of NovaGold help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for NovaGold from various momentum indicators to cycle indicators. When you analyze NovaGold charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.01) | |||
| Market Risk Adjusted Performance | (0.07) | |||
| Mean Deviation | 2.33 | |||
| Coefficient Of Variation | (4,495) | |||
| Standard Deviation | 3.23 | |||
| Variance | 10.45 | |||
| Information Ratio | (0.06) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.62) | |||
| Treynor Ratio | (0.08) | |||
| Maximum Drawdown | 23.09 | |||
| Value At Risk | (5.27) | |||
| Potential Upside | 3.75 | |||
| Skewness | (0.50) | |||
| Kurtosis | 3.85 |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NovaGold Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. To learn how to invest in NovaGold Stock, please use our How to Invest in NovaGold Resources guide.You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.