Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
In the current situation of Northern Dynasty Minerals there is not any eligible buy setup. This doesn't mean we expect a selloff for NAK in the next few days, or that it may not rise higher. Simply, it doesn't match our recommended trading systems
Do you know when is it time to sell Northern Dynasty Minerals?. Trading strategies allow us to avoid impulsive decisions based on our feelings or the noise that surrounds the market. When selling, as well as buying, detailed setups are very simple to use and are only applicable for selling shares you already own, not for shorting NAK stock
As a golden rule, you should never mantain an investment that results in greater losses than those expected upon the buy. The timing to sell shares always has to be ruled by the stop-loss (automatic or manual)
Currently, Northern Dynasty Minerals stock doesn't match any of our preferred sell setups, so if you hold Northern Dynasty Minerals shares and your operation is in profit probably is not time to sell now
Brokerage firms and financial institutions post stock ratings based on their views of the market and the fundamental and technical situation of the analyzed stock. Unfortunately, the accuracy of these predictions is not very high, and certainly not a direct buy or sell signal
We don't have any rating published in the previous month for Northern Dynasty Minerals
Northern Dynasty Minerals stock started an uptrend in late March, and gained an amazing 328.57%. Rising highs and lows can be seen easily on a chart and how price provided very few entry points on the breakouts. Latest low was in early June, when price bounced at $1.11. Like in all uptrends, price needs to rest and now price is consolidating the gains in a range between $1.91 and $1.11
Moving averages are tools for traders to detect market momentum. A moving average is the average price of a stock over a set period of time. Usual time periods used for moving averages are 21 days, 50 days, 100 days and 200 days
Technical analysts use supports and resistances as a way to identify price points on a chart that may work as barriers, preventing the price of a stock to move up or down. A support level is a level where the price may find support as it falls. This means that the price is more likely to "rebound" this level rather than break through it. However, if the price breaks down this level, it is likely to continue descending until meeting another support level. On the other hand, resistance levels are where the price tends to find opposition as it moves up. Likewise, this means that the price is more liable to "bounce off" at this level, and if it finally crosses this level, it will rally more easily until it approaches the next resistance
The current resistances are:
The current supports are:
This is an indicator that was created in the 1980s by John Bollinger. It is composed of 3 lines that are plotted superimposed on the price evolution chart:
Since the price surpassed the upper band on Thursday, the price has corrected downwards by 16.67%
The RSI (Relative Strength Index) is an oscillator-type indicator that gauges price action to spot when the share or financial asset is oversold or overbought. Like other oscillation indicators, the RSI moves in a range from 0% to 100%. The relative strength indicator is one of the best known and most widely used indicators, and it was invented by J. Welles Wilder in 1978
After breaking above the line of 70 yesterday, Relative Strength Indicator sliced back below with a reading of 54.24. This is a weak signal for the Northern Dynasty Minerals shares and it must put us on alert of weakness in the stock price
3rd-quarter investors call was hosted by NAK on November 2019 after posting the financial report. The consensus earnings estimate is a a per-share earnings of %s of $-0.01, that is a 0% lower than last reported quarter.
This compares to earnings of $-0.01 per share a year ago, so current EPS is an increase of 100%. Looking at turnover, figures just changed compared to $0.00 same quarter last year.
NAK releases financial report on mid next August. Wall Street analysts estimate an EPS of $-0.01, that is a 0% less than Q3. Financial reporting day has an additional risk for traders as the data disclosed can gap up or down the shares price with exceptionally low liquidity and not respecting your buy/stop-loss orders. You can probably uncover more details about the earnings call and the financial reports on the Investor Relations section of its website: http://www.northerndynastyminerals.com.