Technical Analysis of NVMG, 2-14-07
NVMG is showing the beginning of a very strong Bullish trend, crossing the 200 day moving average with today's price closing up 63.64%. The moving average is growing strong, with the 13 day moving average above the 50 daily moving average. This is suggesting there has been buying interest in this stock. Next sign to look for is when the 50 daily moving average crosses over the 200 daily moving average.
The MACD for NVMG currently indicates a strong Bullish signal for two reasons. First, the MACD is above the signal line, a 9 day moving average. Second, the MACD is above 0 which implies that the underlying moving averages are trending higher
According to the Bollinger Bands, NVMG's volatility has been greater than normal. This is shown by the distance between the upper and lower Bollinger Bands. When the bands are widening in distance, volatility is increasing as well. Increasing volatility increases risk, and increasing risk increases rewards, so hold on tight and don't let minor dips and corrections scare you.
According to the Williams %R which is currently at -6.58% and above the critical level of -20, NVMG may be overbought. While a stock that is overbought may continue to rally, investors should be especially careful when NVMG begins to lose strength and the %R dips below -20.
The Ultimate Oscillator is currently at 59.75% which indicates that the stock is neither overbought nor oversold. The overall trend of the untimate oscillator seems to be rising, indicating that the internal strength of NVMG is improving.
NVMG is trading at its lower price channel band, suggesting that the stock price is low relative to the action over the last 5 day period.
Today, NVMG closed above the trigger point for the Parabolic SAR and is currently registering a bullish signal. The current Significant Point, below which a reversal to the bearish side would occur, is 0.00.
The RSI is currently at 69.88% which indicates that the stock is neither overbought nor oversold. The RSI is trendin up nicely, indicating that internal strength of NVMG is improving.
The Volume Rate of Change is currently spiking, indicating that a Bullish trend reversal may be under way.
According to the Directional Movement Index, The +DI line is above the -DI line and the ADX is greater than 20. This is a bullish signal that indicates the stock is in a confirmed uptrend. The Money Flow Index is in a strong upward trend, approching overbought status. We also seem to be starting a nice accumulation phase.
Overall, things seem like they could not get any better!
