Taking everything into account, NFGC scores 10 out of 10 in our technical rating. 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. Prices have been consolidating lately and the volatility has been reduced. We notice that large players showed an interest for NFGC in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
1.98
When analyzing the support we can see 3 important areas.
- Support @2.61 from a horizontal line in the daily time frame.
- A support zone ranging from 2.12 to 2.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.00 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 3.11 to 3.11. 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 | 93.14 | POSITIVE | NFGC has a high relative strength, it outperformed 93.14% 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) | 57.35 | 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, although the MACD value is rising. |
| Stochastics (14,3) | 30.99 | NEUTRAL | The Stochastics value for NFGC is a neutral value. |
| Average True Range in percent/ATR (20) | 6.39 | HIGH VOLATILITY | The high ATR as a percentage value for NFGC suggests high volalility. |
| Average Directional Index/ADX (14) | 26.51 | POSITIVE | The high ADX value value for NFGC suggests a strong trend. |
2.77
+0.15 (+5.73%)
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.
What is the current trend direction of NEW FOUND GOLD CORP (NFGC) stock?
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 57.3461. This indicates that the stock is currently neutral.
What is the MACD signal for NFGC stock?
The MACD indicator for NEW FOUND GOLD CORP (NFGC) has a value of -0.0302159, indicating a bearish trend.
What are the support and resistance levels for NEW FOUND GOLD CORP (NFGC) stock?
NEW FOUND GOLD CORP (NFGC) has a support level at 2.61 and a resistance level at 3.11. Check the full technical report for our detailed analysis of NFGC support and resistance levels.