Technical Analysis for NMG - Nouveau Monde Graphite Inc.

Grade Last Price % Change Price Change
F 1.39 -1.42% -0.02
NMG closed down 1.42 percent on Wednesday, September 18, 2024, on 58 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Down

Date Alert Name Type % Chg
NR7 Range Contraction 0.00%
Stochastic Reached Oversold Weakness 0.00%
Wide Bands Range Expansion 0.00%
Down 3 Days in a Row Weakness 0.00%
Gapped Down Weakness 0.00%
Oversold Stochastic Weakness 0.00%
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup -1.42%
Inside Day Range Contraction -1.42%
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup -4.14%
Outside Day Range Expansion -4.14%

   Recent Intraday Alerts

Alert Time
60 Minute Opening Range Breakout about 15 hours ago
Rose Above 10 DMA about 15 hours ago
Down 2 % about 15 hours ago
Possible NR7 about 15 hours ago
10 DMA Resistance about 17 hours ago

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Profile

Nouveau Monde Graphite Inc. engages in the acquisition, exploration, development, and evaluation of mineral properties in Quebec, Canada. It primarily explores for graphite. The company owns a 100% interest in the Matawinie property that includes 319 mining claims covering 17,585 hectares situated to the north of Montreal, Quebec. It also engages in the real estate and trading businesses. The company was formerly known as Nouveau Monde Mining Enterprises Inc. and changed its name to Nouveau Monde Graphite Inc. in February 2017. Nouveau Monde Graphite Inc. was founded in 2011 and is headquartered in Saint-Michel-des-Saints, Canada.
Classification

Sector: Basic Materials
Industry: Other Industrial Metals & Mining
Keywords: Mineral Graphite

Is NMG a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 3.21
52 Week Low 1.24
Average Volume 35,843
200-Day Moving Average 2.07
50-Day Moving Average 1.58
20-Day Moving Average 1.53
10-Day Moving Average 1.42
Average True Range 0.08
RSI (14) 36.71
ADX 26.8
+DI 13.02
-DI 23.81
Chandelier Exit (Long, 3 ATRs) 1.49
Chandelier Exit (Short, 3 ATRs) 1.59
Upper Bollinger Bands 1.76
Lower Bollinger Band 1.29
Percent B (%b) 0.21
BandWidth 30.31
MACD Line -0.06
MACD Signal Line -0.05
MACD Histogram -0.008
Fundamentals Value
Market Cap 93.29 Million
Num Shares 67.1 Million
EPS -0.59
Price-to-Earnings (P/E) Ratio -2.36
Price-to-Sales 0.00
Price-to-Book 2.69
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 1.47
Resistance 3 (R3) 1.48 1.46 1.46
Resistance 2 (R2) 1.46 1.44 1.45 1.45
Resistance 1 (R1) 1.42 1.42 1.42 1.42 1.45
Pivot Point 1.40 1.40 1.40 1.40 1.40
Support 1 (S1) 1.37 1.38 1.36 1.36 1.33
Support 2 (S2) 1.35 1.37 1.34 1.33
Support 3 (S3) 1.31 1.35 1.32
Support 4 (S4) 1.31