How did Namibia Critical Metals stock perform recently?

The share price of Namibia Critical Metals stands at CA$0.22 on 13.12.2020, the clock on the domestic stock exchange Venture. The stock is categorized under the Diversified Metals & Mining industry.

This article analyzes Namibia Critical Metals’ outlook using 5 significant categories. For each category, the stock receives a partial score. The results lead to an overall rating of “Buy”, “Hold” or “Sell”.

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Should investors sell immediately? Or is it worth getting in on Namibia Critical Metals after all?

How will Namibia Critical Metals continue to perform after the Corona crisis? Is your money safe in this stock? Find out the answers to these questions and why you need to act now in the latest analysis on Namibia Critical Metals stock.

The first category refers to investors

The basis of investor sentiment is discussions and interactions of market participants in social media around the stock market. Namibia Critical Metals has been discussed particularly positively over the past two weeks. On 11 days, the discussion was dominated by positive topics, while negative communication prevailed on two days.

Currently, during the past one or two days, it is also mainly positive topics that investors are interested in. Based on this sentiment, the stock gets a “buy” rating. That gives Namibia Critical Metals an overall “Buy” rating based on the investor sentiment barometer.

The second category is based on the change in investors’ sentiment 

Namibia Critical Metals has seen a significant change in sentiment towards the negative in recent weeks. A change in sentiment occurs when the mass of market participants on social media, which forms the basis of this evaluation, has a bias towards particularly positive or negative themes. 

Since Namibia Critical Metals registered negative conspicuous in this respect, we rate this criterion as “Sell”. With regard to the strength of the discussion, or in other words, the change in the number of posts, no significant differences could be identified. We honor this with a “Hold” rating. In summary, Namibia Critical Metals receives a “Sell” for this level.

The third category takes into account the Relative Strength Index

A prominent signal of technical analysis, the Relative Strength Index, RSI, relates the upward and downward movements of prices in a period of – exemplary – 7 days. If the RSI is between 0 and 30, a value is considered “oversold”, between 70 and 100 it is considered “overbought” and in between it is considered neutral.

The RSI of Namibia Critical Metals, at a level of 66.67, leads to a rating of “Hold”. The RSI25, based on a 25-day period, at 52.38 is indicative of a “hold” rating at this level. This places the overall assessment at “Hold”.

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First published in AKTIEN CHECK, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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