NOVAGOLD RESOURCES INC. - 1H - Technical analysis published on 02/19/2025 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Slightly bearish
Technical indicators
28%
44%
28%
My opinion
Bearish under 3.25 USD
My targets
3.07 USD (-4.06%)
3.00 USD (-6.25%)
My analysis
The basic trend is currently slightly bearish on NOVAGOLD RESOURCES INC. and the short term does not seem to show any sign of improvement. Sellers are struggling to get their hands on this instrument. However, as long as the price remains below 3.25 USD, sales could be favoured. The first bearish objective would be located at 3.07 USD. Sellers would then use the next support located at 3.00 USD as an objective. Crossing it would then enable sellers to target 2.84 USD. A return to above the resistance at 3.25 USD could jeopardize this fragile bearish trend. Indecision would then be total and in this case you could keep away.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
3.6
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NOVAGOLD RESOURCES INC. rating 3.20 USD. The price registered a decrease of -0.62% on the session and was between 3.16 USD and 3.22 USD. This implies that the price is at +1.27% from its lowest and at -0.62% from its highest.3.16
3.22
3.20
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of NOVAGOLD RESOURCES INC. indicates that the overall trend is slightly bearish. 57.14% of the signals given by moving averages are bearish. This bearish trend does not seem to be increasing given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 5 are neutral and 8 are bearish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near support of channel
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.00 | 3.07 | 3.19 | 3.20 | 3.25 | 3.34 | 3.46 |
| Change (%) | -6.25% | -4.06% | -0.31% | - | +1.56% | +4.38% | +8.13% |
| Change | -0.20 | -0.13 | -0.01 | - | +0.05 | +0.14 | +0.26 |
| Level | Intermediate | Minor | Intermediate | - | Major | Major | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.08 | 3.11 | 3.17 | 3.20 | 3.26 | 3.29 | 3.35 |
| Camarilla | 3.20 | 3.20 | 3.21 | 3.22 | 3.23 | 3.24 | 3.25 |
| Woodie | 3.09 | 3.12 | 3.18 | 3.21 | 3.27 | 3.30 | 3.36 |
| Fibonacci | 3.11 | 3.15 | 3.17 | 3.20 | 3.24 | 3.26 | 3.29 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.77 | 2.94 | 3.05 | 3.22 | 3.33 | 3.50 | 3.61 |
| Camarilla | 3.07 | 3.10 | 3.12 | 3.15 | 3.18 | 3.20 | 3.23 |
| Woodie | 2.73 | 2.93 | 3.01 | 3.21 | 3.29 | 3.49 | 3.57 |
| Fibonacci | 2.94 | 3.05 | 3.12 | 3.22 | 3.33 | 3.40 | 3.50 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.14 | 2.50 | 2.82 | 3.18 | 3.50 | 3.86 | 4.18 |
| Camarilla | 2.94 | 3.01 | 3.07 | 3.13 | 3.19 | 3.26 | 3.32 |
| Woodie | 2.11 | 2.49 | 2.79 | 3.17 | 3.47 | 3.85 | 4.15 |
| Fibonacci | 2.50 | 2.76 | 2.92 | 3.18 | 3.44 | 3.60 | 3.86 |
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): | 44.56 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | -3.59 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 3.20 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.25 | |
| Elder Ray (13): | -0.02 | |
| Super Trend (3,10): | 3.32 | |
| Zig ZAG (10): | 3.19 | |
| VORTEX (21): | 0.8800 | |
| Stochastique (14,3,5): | 28.40 | |
| TEMA (21): | 3.19 | |
| Williams %R (14): | -69.23 | |
| Chande Momentum Oscillator (20): | 0.00 | |
| Repulse (5,40,3): | 0.3100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 5.34 |
| MA7: | 3.23 | |
| MA20: | 3.18 | |
| MA50: | 3.30 | |
| MA100: | 3.47 | |
| MAexp7: | 3.20 | |
| MAexp20: | 3.22 | |
| MAexp50: | 3.22 | |
| MAexp100: | 3.22 | |
| Price / MA7: | -0.93% | |
| Price / MA20: | +0.63% | |
| Price / MA50: | -3.03% | |
| Price / MA100: | -7.78% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | -0.62% | |
| Price / MAexp50: | -0.62% | |
| Price / MAexp100: | -0.62% |
Quotes :
-
15 min delayed data
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NYSE MKT Stocks
News
Don't forget to follow the news on NOVAGOLD RESOURCES INC.. At the time of publication of this analysis, the latest news was as follows:
- NOVAGOLD Files Year-End 2024 Report with Strong Treasury to Fund Key Activities for Long-Term Value Creation
- SAVE THE DATE: NOVAGOLD 2024 Year-End Report, Conference Call and Video Webcast
- NOVAGOLD Reports Third Quarter 2024 Financial Results
- SAVE THE DATE: NOVAGOLD 2024 Third Quarter Financial Results Release, Conference Call and Video Webcast
- NOVAGOLD Reports Second Quarter 2024 Financial Results
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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