NG BUE Week ended 31 Jul 2026

Weekly Investor Report

NovaGold Resources Inc. · Basic Materials · Gold

Latest close 37,040 ARS
-1.6% latest week
Weekly setup

Weak trend

The weekly trend is not active. Price is -28.4% below the Trend Line and sits at 14.1% of its 52-week range. The latest completed week returned -1.6%, after a -8.5% four-week move. The latest news-sentiment score is 54/100. Near-term considerations: volume confirmation is below normal.

Setup score 22 out of 100
Latest Close 37,040 ARS 31 Jul 2026
1W Return -1.6% latest completed week
4W Return -8.5% short-term follow-through
12W Return -28.3% quarterly tape
Trend Breadth 63.5% 33 of 52 weeks active
Volume Ratio 0.9x vs 13-week average
What is working
  • Price is above Fair Value, showing premium demand versus the model.
What could go wrong
  • The trend backdrop is inactive, so price action has not confirmed a constructive regime.
  • Price is below the Trend Line, which keeps downside pressure in focus.
  • Activity pressure is negative, which weakens the current setup.
  • Activity pressure is weak, so confirmation is not yet broad enough.
What to watch next
  • Trend Line remains the key weekly regime level.
  • Activity pressure is the gauge to monitor for confirmation or fade.
  • A volume ratio above 1.5x would show stronger participation in the next move.
01 · Price action

Where price is—and whether the trend supports it

The weekly trend is not active. Price is -28.4% below the Trend Line and sits at 14.1% of its 52-week range. The latest completed week returned -1.6%, after a -8.5% four-week move.

Study the full chart

52-week price path

Price vs Trend Line and Fair Value
Price Trend Line Fair Value
02 · Volume and demand

Is real participation confirming the move?

Latest weekly volume is 0.9x the 13-week average. Participation is below its recent norm, so price strength is not receiving full volume confirmation.

26-week volume confirmation

Bar height shows volume; colour shows the weekly price direction
6 Feb 13 Feb 20 Feb 27 Feb 6 Mar 13 Mar 20 Mar 27 Mar 3 Apr 10 Apr 17 Apr 24 Apr 1 May 8 May 15 May 22 May 29 May 5 Jun 12 Jun 19 Jun 26 Jun 3 Jul 10 Jul 17 Jul 24 Jul 31 Jul
Up week Down week
Demand beneath price

Activity pressure and institutional-style signals

These indicators assess whether participation is improving beneath the headline price move. They are supporting evidence, not proof of institutional buying.

Activity pressure path

Latest 0.0212-week average 0.17

12-week confirmation

Trend active0/12Active trend-backdrop weeks in the latest 12-week window.
Positive pressure0/12Weeks with constructive activity pressure in the latest 12-week window.
Positive leadership0/12Weeks with positive relative leadership in the latest 12-week window.
Activity pressure0.02Current proprietary activity-pressure read.
Buy signals0Accumulation signal count in the latest 12 weeks.
Reversal markers0No reversal markers

No recent accumulation markers. No reversal markers.

03 · Momentum and leadership

Is performance persistent—and is the stock leading?

Performance is -8.5% over four weeks, -28.3% over 12 weeks, and 28.7% over one year. The current trend has remained active for 0 consecutive weeks.

Performance by holding period

1W-1.6%
4W-8.5%
12W-28.3%
26W-34.1%
52W28.7%
Active trend streak0 weeks
Active weeks in one year33
Trend breadth63.5%

Activity pressure vs relative leadership

Activity pressureRelative leadership
Pressure-1.41Latest activity-pressure read.
Pressure change-2.1%Four-week change in activity pressure.
Leadership-41.02Latest relative-leadership reading.
RS change-20.5%Four-week change in relative leadership.
04 · Fundamentals and valuation

What investors are paying for—and the quality behind it

A published fundamentals and factor snapshot is not available for this company.

Open full factor analysis

No published fundamental snapshot is available for this company.

05 · Ownership, options, and sentiment

What other market participants are doing

Options, insider transactions, market sentiment, and activity-pressure signals can confirm or challenge the price story. None should be used alone.

Insider activity-

No recent insider transactions are stored for this company.

News sentiment54/100

Weighted news tone is neutral across 15 relevant articles.

4 positive · 11 neutral · 0 negative
Patient CapitalQuiet

Activity-pressure buy-signal evidence highlights potential institutional accumulation windows.

No recent buy signal
06 · Catalysts and risk

What can move the shares—and how volatile the path has been

Event timing, options-implied movement, drawdown, and weekly return distribution frame the risk around the current setup.

Next earnings-No event is currently stored.
Options expected move-Nearest-chain priced movement where available.
52-week drawdown-55.6%Distance below the 52-week high.
13-week volatility8.7%Standard deviation of weekly returns.

Weekly gains and losses

Latest 26 completed weeks

Each bar is one week. Gains rise above the zero line; losses fall below it. Taller bars mean a larger weekly move.

Weeks higher11 of 2614 weeks finished lower.
Best week+21.1%Week of 27 Feb.
Worst week-25.4%Week of 20 Mar.
Latest week-1.6%Week of 31 Jul.

Shape of recent returns

Strong gains8
Modest gains3
Flat weeks1
Modest losses3
Sharp losses11
Recent vol8.7%13-week weekly-return volatility.
Base vol10.7%52-week weekly-return volatility.
Up/down split26/25Count of positive and negative weeks in the 52-week window.
Average skew9.4% / -7.6%Average positive week versus average negative week.
07 · Sector and peer context

Is this stock leading—or simply moving with its group?

Sector and industry breadth distinguish company-specific strength from a broad group move.

08 · Evidence and weekly data

The underlying research record

Every top-level statement above should be traceable to a stored market, fundamental, event, or positioning observation.

WeekCloseReturnTrend LineFair ValuePressureLeadershipVolumeTrend
31 Jul 202637,040 ARS-1.6%51,731 ARS27,984 ARS-1.41-41.023.7KOff
24 Jul 202637,660 ARS14.7%52,362 ARS27,806 ARS-1.39-39.9814.9KOff
17 Jul 202632,840 ARS-12.2%53,293 ARS27,625 ARS-1.38-46.357.5KOff
10 Jul 202637,400 ARS-7.7%54,257 ARS27,474 ARS-1.39-40.59402Off
3 Jul 202640,500 ARS3.8%54,973 ARS27,294 ARS-1.38-34.041.5KOff
26 Jun 202639,020 ARS-14.4%55,594 ARS27,088 ARS-1.48-34.844.1KOff
19 Jun 202645,580 ARS1.9%56,378 ARS26,889 ARS-1.50-27.548Off
12 Jun 202644,720 ARS0.8%56,544 ARS26,659 ARS-1.54-29.931.3KOff
5 Jun 202644,360 ARS-12.0%56,770 ARS26,434 ARS-1.44-24.18295Off
29 May 202650,425 ARS10.1%56,901 ARS26,212 ARS-1.32-15.611.4KOff
22 May 202645,820 ARS-5.4%56,875 ARS25,951 ARS-1.38-13.963.7KOff
15 May 202648,460 ARS-6.2%57,119 ARS25,727 ARS-1.32-3.456.8KOff
8 May 202651,650 ARS6.7%57,461 ARS25,479 ARS-1.181.7510.1KOff
1 May 202648,420 ARS-5.9%57,653 ARS25,211 ARS-1.17-5.744.0KOff
How to use this report

This is a completed-week research summary. It explains the available evidence and its conflicts; it does not predict a guaranteed outcome or replace your own risk assessment. Fundamental figures may refer to an earlier financial reporting period, which is shown above.