Nouveau Monde Graphite Inc.
Here’s whether Nouveau Monde Graphite Inc. (NMG) is worth buying in 2026 — based on weekly-updated price trend, RSI momentum, and return vs. the S&P 500. Our current read: Bearish.
Positives: RSI 40 — healthy momentum range; strong 1-year return of +15.0%. Concerns: trading below the 200-day MA (long-term downtrend); below the 50-day MA (medium-term momentum negative); 50-day MA is falling (-2.80% over 10 days); 3-month momentum negative (-15.0%); rising volume on a downtrend (distribution, 1.18x avg). Currently 68.3% off its 52-week high. Score: -3/7.
NMG is trading below its 200-day MA ($2.46) — a key warning sign the longer-term trend is under pressure. An RSI of 40.0 sits in the neutral zone — momentum is neither stretched nor exhausted. The 1-year return of +15.0% compares to +27.9% for SPY (trailed the market by 12.9%). The current 68.3% drawdown from the 52-week high reflects elevated risk for momentum-based strategies.