NEW FOUND GOLD CORP (NFGC) Stock Technical Analysis
NYSEARCA:NFGC - CA64440N1033 - Common Stock
1.75 USD
+0.06 (+3.55%)
1.76 USD
+0.01 (+0.57%)
Taking everything into account, NFGC scores 6 out of 10 in our technical rating. In the last year, NFGC was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
When comparing the yearly performance of all stocks, NFGC is a bad performer in the overall market: 86% of all stocks are doing better.
NFGC is one of the lesser performing stocks in the Metals & Mining industry. 87% of 155 stocks in the same industry do better.
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 NFGC has a been trading in the 1.48 - 1.81 range, which is quite wide. It is currently trading near the high of this range.
NFGC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NFGC is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
NFGC 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
1.49
1.85
We found 2 important support areas.
- A support zone ranging from 1.54 to 1.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.50 to 1.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 1.76 to 1.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 1.81 to 1.83. This zone is formed by a combination of multiple trend lines in the daily time frame.
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 NFGC is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NFGC is up. |
| ChartMill Relative Strength | 14.25 | NEGATIVE | NFGC has a low relative strength, it was outperformed by 85.75% 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) | DOWN | MIXED | The current price of NFGC is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63.22 | NEUTRAL | The RSI value for NFGC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests NFGC has a positive trend. |
| Stochastics (14,3) | 79.74 | NEUTRAL | The Stochastics value for NFGC is a neutral value. |
| Average True Range in percent/ATR (20) | 4.69 | MEDIUM VOLATILITY | The ATR as a percentage value for NFGC suggests some volalility. |
| Average Directional Index/ADX (14) | 18.89 | NEGATIVE | The low ADX value for NFGC suggests a weak or negative 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)
1.75
+0.06 (+3.55%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg3.55%
1 Week10.06%
2 Weeks10.76%
1 Month15.13%
3 Month9.38%
6 Month-5.91%
12 Month-34.7%
2 Year-60.14%
3 Year-51.52%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%4.69%
ATR Inc40.01%
Range Today0.11
ADR(20)0.08
ADR(20)%4.57%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.25
Mansfield-0.9
10 Day High1.81
10 Day Low1.5
20 Day High1.81
20 Day Low1.48
52 Week High2.89
52 Week Low0.93
CS1 End1.57
CR1 Start1.76
Volume & EV
DER(3)3.21%
DER(5)1.62%
Volume557.10K
Volume Incr37.14%
Vol(5)598.40K
Vol(50)574.08K