Overall NFGC gets a technical rating of 10 out of 10. Both in the recent history as in the last year, NFGC has proven to be a steady performer, scoring decent points in every aspect analyzed.
NFGC has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 2.99, a Stop Loss order could be placed below this zone.
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2.19
3 important support areas can be observed.
- A support zone ranging from 2.95 to 2.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 2.57 to 2.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 2.21 to 2.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 3.25 to 3.25. 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 | UP | POSITIVE | The long term trend for NFGC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NFGC is up. |
| ChartMill Relative Strength | 90.71 | POSITIVE | NFGC has a high relative strength, it outperformed 90.71% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NFGC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NFGC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NFGC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.87 | NEUTRAL | The RSI value for NFGC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests NFGC has a negative trend. |
| Stochastics (14,3) | 61.44 | NEUTRAL | The Stochastics value for NFGC is a neutral value. |
| Average True Range in percent/ATR (20) | 6.29 | HIGH VOLATILITY | The high ATR as a percentage value for NFGC suggests high volalility. |
| Average Directional Index/ADX (14) | 23.94 | NEUTRAL | The ADX value for NFGC suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 3.26 | 2.94 | 0.32 (9.82%) | 10.19% |
| An entry @3.26. This is a Buy Stop order right above the resistance zone. | An exit @2.94. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.32 points, which is 9.82%. | When investing 10.19% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
3
-0.02 (-0.66%)
NEW FOUND GOLD CORP / NFGC FAQ
Can you provide the ChartMill technical rating for NEW FOUND GOLD CORP?
ChartMill assigns a technical rating of 10 / 10 to NFGC.
Can you provide the trend direction for NEW FOUND GOLD CORP?
The current trend direction for NEW FOUND GOLD CORP (NFGC) is Bullish.
What is the RSI signal for NFGC stock?
NEW FOUND GOLD CORP (NFGC) has an RSI value of 54.8749. This indicates that the stock is currently neutral.
Can you provide the MACD signal for NEW FOUND GOLD CORP?
The MACD indicator for NEW FOUND GOLD CORP (NFGC) has a value of -0.0252013, indicating a bearish trend.
Can you provide the short term momentum for NEW FOUND GOLD CORP?
The short term momentum for NEW FOUND GOLD CORP (NFGC) is positive.