NEW FOUND GOLD CORP (NFG.CA) Stock Technical Analysis
TSX-V:NFG - TSX Venture Exchange - CA64440N1033 - Common Stock - Currency: CAD
Overall NFG gets a technical rating of 5 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. NFG was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, NFG is a bad performer in the overall market: 77% of all stocks are doing better.
NFG is part of the Metals & Mining industry. There are 806 other stocks in this industry, of which 63% are performing better than NFG.
NFG is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month NFG has a been trading in the 1.84 - 2.55 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
NFG has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
1.82
2.45
When analyzing the support we can see 3 important areas.
- Support @1.96 from a trend line in the daily time frame.
- Support @1.92 from a horizontal line in the weekly time frame.
- Support @1.84 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 2.40 to 2.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for NFG.CA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NFG.CA is up. |
| ChartMill Relative Strength | 23.78 | NEGATIVE | NFG.CA has a low relative strength, it was outperformed by 76.22% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NFG.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NFG.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NFG.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.65 | NEUTRAL | The RSI value for NFG.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests NFG.CA has a negative trend. |
| Stochastics (14,3) | 49.94 | NEUTRAL | The Stochastics value for NFG.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.14 | HIGH VOLATILITY | The high ATR as a percentage value for NFG.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 30.83 | POSITIVE | The high ADX value value for NFG.CA suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
TSX-V:NFG (7/30/2025, 7:00:00 PM)
2.16
-0.08 (-3.57%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-3.57%
1 Week-10.74%
2 Weeks0.93%
1 Month9.64%
3 Month37.58%
6 Month-11.11%
12 Month-38.81%
2 Year-65.82%
3 Year-60.87%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.12
ATR(20)%5.14%
ATR Inc-33.92%
Range Today0.11
ADR(20)0.1
ADR(20)%4.68%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.78
Mansfield-2.22
10 Day High2.55
10 Day Low2.07
20 Day High2.55
20 Day Low1.84
52 Week High4.23
52 Week Low1.34
CS1 End1.96
CR1 Start2.4
Volume & EV
DER(3)-0.2%
DER(5)-1.82%
Volume329.62K
Volume Incr-28%
Vol(5)257.86K
Vol(50)484.75K