Novagold Resources (TSX:NG) 14-Day RSI

: 42.24 (As of Today)

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The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. The RSI is most typically used on a 14-day period, measured on a scale from 0 to 100. Traditionally, an asset is considered overbought or overvalued when the RSI is above 70 and oversold or undervalued when it is below 30.

As of today (2024-04-23), Novagold Resources's 14-Day RSI is 42.24.

The industry rank for Novagold Resources's 14-Day RSI or its related term are showing as below:

TSX:NG's 14-Day RSI is ranked better than
75.59% of 2724 companies
in the Metals & Mining industry
Industry Median: 49.745 vs TSX:NG: 42.24

Competitive Comparison

For the Gold subindustry, Novagold Resources's 14-Day RSI, along with its competitors' market caps and 14-Day RSI data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Novagold Resources 14-Day RSI Distribution

For the Metals & Mining industry and Basic Materials sector, Novagold Resources's 14-Day RSI distribution charts can be found below:

* The bar in red indicates where Novagold Resources's 14-Day RSI falls into.

Novagold Resources (TSX:NG) 14-Day RSI Calculation

The formula for calculating RSI is:

RSI

100

–

[ 100

( 1 + Average Gain

Average Loss )]

* Note that the formula uses a positive value for the average loss.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Novagold Resources (TSX:NG) 14-Day RSI Explanation

The Relative Strength Index (RSI), developed by J. Welles Wilder in his book “New Concepts in Technical Trading Systems.”, is a momentum oscillator that measures the speed and change of price movements. The RSI is most typically used on a 14-day period, measured on a scale from 0 to 100.

Traditionally, an asset is considered overbought or overvalued when the RSI is above 70 and oversold or undervalued when it is below 30. A RSI surpasses the 30 level indicates a bullish sign, when it slides below 70 level, it’s a bearish sign. This level can be adjusted depending on the security’s pattern and the market’s underlying trend. In an uptrend or bullish market, the RSI might range within a higher interval, investors could set the support level higher. If a downtrend or bearish market occurs, investors may need to lower the resistance level.

RSI can also be used in trading techniques to indicate the trading signal, such as Divergences and Swing Rejections.

Novagold Resources 14-Day RSI Related Terms

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Novagold Resources (TSX:NG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Novagold Resources Inc (TSX:NG) » Definitions » 14-Day RSI

Comparable Companies

Traded in Other Exchanges

NG:USA NGR:Germany NG:Argentina

Address

201 South Main Street, Suite 400, Salt Lake City, UT, USA, 84111

Website

https://www.novagold.com

Novagold Resources Inc is a mineral exploration company engaged in the exploration and development of mineral properties. The company owns 50% of the Donlin Gold project, which is located in southwestern Alaska, approximately 20 kilometers north of the village of Crooked Creek on the Kuskokwim River.