Technical Eye on NovaGold Resources Inc. (NYSE:NG)


Technical Indicators and Signals

The stochastic oscillator indicator is the important indicator to compare the security price over a certain period of time. The stochastic %K of NovaGold Resources Inc. (NYSE:NG) for the period of 9-Day stands at 36.07% while the stochastic %D for the same period stands at 46.94%.

The 7-Day Average Directional Index ADX (also known as Trend Strength Indicator) of NovaGold Resources Inc. (NYSE:NG) signals “Sell” while other important signals like the 20-Day Moving Average Vs. Price signals “Sell”.

Another important signal of trend and momentum of a security is 20-50 Day MACD Oscillator or Moving Average Convergence Divergence signals “Sell” for NovaGold Resources Inc. (NYSE:NG) while 20-100 Day MACD Oscillator indicates “Sell”.

Bollinger band is a volatility indicator of a certain security, currently NovaGold Resources Inc. (NYSE:NG)’s 20-Day Bollinger Band indicates “Hold”.

About Company

NovaGold Resources is a gold and copper company engaged in the exploration and development of mineral properties in Alaska and Western Canada. The Company is rapidly moving to production at its hundred percent owned Nome Operations in Alaska, which includes Rock Creek, Big Hurrah and Nome Gold. NovaGold recently announced its partnership with Teck Cominco to build the Galore Creek copper-gold mine in northwestern British Columbia, with NovaGold and Teck Cominco each owning 50% of the project once Teck Cominco has completed its partnership requirements.

Previous Day Activity Analysis

On the last trading day, NovaGold Resources Inc. (NYSE:NG) opened the session at $4.13 and after going down -1.2% closed at $4.12. The stock lost -0.01 points in the last trade.

NovaGold Resources Inc. (NYSE:NG)’s stock fluctuated in the range of $4.11 and $4.19 during the previous active session. NovaGold Resources Inc. (NYSE:NG) traded with the volume of 1.87 Million with average volume of 1.76 Million. The stock has LOW volatility on the last trading session.

Currently the Beta for the company remains at 0.17 while ATR (Average True Range) and RSI (Relative Strength Index) are at 0.14 and 46.86 respectively.

Currently the Insider Ownership of the shares of NovaGold Resources Inc. (NYSE:NG) is at 23.8% and the shares outstanding are 325.27 Million.

Important Ratio Analysis

Some important ratios to consider here for NovaGold Resources Inc. (NYSE:NG) are discussed below:

The Price to Sale P/S and Price to Book P/B shows the value of 0 and 4.43 respectively. While Price to Cash P/C and Price to Free Cash Flow P/FCF stands at 15.14 and 0 correspondingly.

The Quick Ratio of NovaGold Resources Inc. (NYSE:NG) stands at 32.8 while the Current Ratio depicts the value of 32.8.

Return on Assets ROA of NovaGold Resources Inc. (NYSE:NG) is at -9% whereas, Return on Equity ROE and Return of Investment ROI of NovaGold Resources Inc. (NYSE:NG) stand at -12.3% and 0% respectively.

Stock Performance Analysis

The stock performance of NovaGold Resources Inc. (NYSE:NG) on the basis of 5 day trade show the dip of -4.41% whereas, the monthly performance of the stock shows increase of 0.49%.

The quarterly performance of the stock remained in red zone with the value of -10.04% while six month performance of the shares of NovaGold Resources Inc. (NYSE:NG) remained bearish with the count of -5.72%.

The yearly and YTD performance of NovaGold Resources Inc. (NYSE:NG) remained down at -7.42% and -9.65% respectively.