Technical Analysis for NIF.UN - Noranda Income Fund

Grade Last Price % Change Price Change
B 1.24 -3.13% -0.040
NIF.UN closed down 3.13 percent on Monday, October 25, 2021, on 32 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions.

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Down
Historical NIF.UN trend table...

Date Alert Name Type % Chg
1,2,3 Pullback Bullish Bullish Swing Setup 0.00%
Boomer Buy Setup Bullish Swing Setup 0.00%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 0.00%
Calm After Storm Range Contraction 0.00%
NR7 Range Contraction 0.00%
NR7-2 Range Contraction 0.00%
Inside Day Range Contraction 0.00%
Wide Bands Range Expansion 0.00%
1,2,3 Pullback Bullish Bullish Swing Setup -3.13%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup -3.13%
Older End-of-Day Signals for NIF.UN ...

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Profile

Noranda Income Fund Description

Noranda Income Fund (the Fund) is a Canada-based open-ended trust. The Fund's primary objective is to provide stable, monthly distributions. The Fund owns an electrolytic zinc processing facility and its ancillary assets (the Processing Facility) located in Salaberry-de-Valleyfield, Quebec. The Processing Facility produces refined zinc metal and various by-products from zinc concentrate purchased from mining operations, and sells refined zinc products to customers in the open market. The Fund produces copper in cake and sulfuric acid as by-products from refining zinc concentrate. The Fund processes approximately 519,510 tons of zinc concentrate. It processes approximately 20,290 tons of secondary zinc concentrate. It operates in Canada and the United States. Its value added products include Jumbo Zinc, Zinc Shot and Granulated zinc. Canadian Electrolytic Zinc Limited acts as the Fund's manager, which is a subsidiary of Glencore Canada Corporation.


Classification

Keywords: Mining Metal Copper Chemistry Zinc Noranda Xstrata Sulfur Processing Facility The Processing By Products Glencore Zinc Metal Zinc Mining In The United States Granulated Valleyfield

Is NIF.UN a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 1.53
52 Week Low 0.92
Average Volume 47,223
200-Day Moving Average 1.083
50-Day Moving Average 1.021
20-Day Moving Average 1.121
10-Day Moving Average 1.281
Average True Range 0.068
ADX 37.98
+DI 38.934
-DI 18.032
Chandelier Exit (Long, 3 ATRs) 1.326
Chandelier Exit (Short, 3 ATRs) 1.124
Upper Bollinger Bands 1.481
Lower Bollinger Band 0.761
Percent B (%b) 0.67
BandWidth 64.257
MACD Line 0.092
MACD Signal Line 0.078
MACD Histogram 0.0144
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 1.300
Resistance 3 (R3) 1.307 1.293 1.290
Resistance 2 (R2) 1.293 1.278 1.290 1.287
Resistance 1 (R1) 1.267 1.269 1.260 1.260 1.283
Pivot Point 1.253 1.253 1.250 1.250 1.253
Support 1 (S1) 1.227 1.238 1.220 1.220 1.197
Support 2 (S2) 1.213 1.229 1.210 1.193
Support 3 (S3) 1.187 1.213 1.190
Support 4 (S4) 1.180