NovaGold Resources Inc

NG is in a Stage 4 decline with confirmed lower highs and lower lows under down-sloping EMAs, reinforcing a bearish medium-term bias. Price is extended below the 9EMA, 21EMA, 50DMA, and 200DMA amid extreme oversold conditions, favoring deferred trim on shallow rallies into the EMA cluster. Execution should wait for a controlled pullback into resistance zones before engaging. A sustained break above the 9EMA/21EMA cluster with follow-through would invalidate this bearish posture.

• ↑Donlin Gold hosts 40M oz at 2.25 g/t grade, implying operating costs under $1,000/oz.
• ↑Estimated project NPV of ~$24B at current gold prices highlights major upside.
• ↓Reported Q1 2026 net loss of $15.4M driven by rising development expenses.