Capital has been flowing into the stock since December

The share price of the Canadian resource company Nicola Mining (NIM TSXV / WKN A3D3LF) continues to rise above the blue trend line after breaking the downward trend shortly before the end of the year. Both average lines were recently significantly exceeded, accompanied by high trading volumes. With 0.35 Canadian dollars reached a few days ago, the share price is only 4 cents away from the twelve-month high from July 2024.

The 200-day line continues to rise steadily, whereas the 100-day line, which has been falling since November, has unfortunately now also crossed the 200-day line downwards. However, it is encouraging that the 100-day line has been able to start an upward movement again for a few days.

After generating a buy signal from the MACD at the beginning of December (the blue line crosses the red line upwards), this was subsequently put to the test several times – ultimately, however, the blue line remained above the red line and the buy signal thus remained intact. Currently, another test of this signal seems imminent. Since the beginning of December, the trend confirmer has been trading above 100 in positive territory again and is currently increasing strongly. The Chaikin Money Flow shows a steady flow of capital into the stock during the same period (running exclusively in the green area). Recently, the most massive manifestation of the last twelve months was reached. According to the calculation of the Overbought/Oversold indicator, an overheating of the upward movement occurred only twice in the period shown, with values from 2.0. At the beginning of February, it went up steeply again, but the critical value was not reached, and the rapid correction leaves this indicator currently at 0.8, closer to the neutral middle than to the overheating zone.