Taking everything into account, NFGC scores 7 out of 10 in our technical rating. In the last year, NFGC was one of the better performers, but we do observe some doubts in the very recent evolution.
Although NFGC has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Prices have been consolidating lately and the volatility has been reduced.
2.19
We found 4 important support areas.
When analyzing the resistance we notice one important area.
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 | DOWN | NEGATIVE | The short term trend for NFGC is down. |
| ChartMill Relative Strength | 93.17 | POSITIVE | NFGC has a high relative strength, it outperformed 93.17% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NFGC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of NFGC is below 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) | 44.86 | NEUTRAL | The RSI value for NFGC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests NFGC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 13.43 | OVERSOLD | The low Stochastics value suggests NFGC may be oversold. |
| Average True Range in percent/ATR (20) | 8.42 | HIGH VOLATILITY | The high ATR as a percentage value for NFGC suggests high volalility. |
| Average Directional Index/ADX (14) | 17.96 | NEGATIVE | The low ADX value for NFGC suggests a weak or negative trend. |
2.81
+0.19 (+7.25%)
ChartMill assigns a technical rating of 7 / 10 to NFGC.
The current trend direction for NEW FOUND GOLD CORP (NFGC) is Bullish.
NEW FOUND GOLD CORP (NFGC) has an RSI value of 44.8629. This indicates that the stock is currently neutral.
The MACD indicator for NEW FOUND GOLD CORP (NFGC) has a value of -0.0686739, indicating a bearish trend.
The short term momentum for NEW FOUND GOLD CORP (NFGC) is negative.