NEW FOUND GOLD CORP (NFGC) Technical Analysis
NYSEARCA:NFGC • CA64440N1033
Current stock price
1.79 USD
-0.02 (-1.1%)
At close:
1.8 USD
+0.01 (+0.56%)
After Hours:
NFGC Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to NFGC. NFGC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- When comparing the yearly performance of all stocks, NFGC is a bad performer in the overall market: 80% of all stocks are doing better.
- NFGC is one of the lesser performing stocks in the Metals & Mining industry. 80% of 157 stocks in the same industry do better.
- In the last month NFGC has a been trading in the 1.71 - 3.03 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- NFGC has an average volume of 2265460 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- NFGC is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so NFGC is lagging the market slightly.
NFGC Weekly and Daily overview Charts
NFGC Setup Rating and Analysis
The technical rating of NFGC is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
NFGC Support and Resistance Analysis
1.77
3.01
We can see 3 important resistance areas.
- A resistance zone ranging from 1.80 to 1.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.67 from a trend line in the daily time frame.
- Resistance @2.98 from a horizontal line in the daily time frame.
NFGC Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The short term trend for NFGC is down. |
| ChartMill Relative Strength | 20.89 | NEGATIVE | NFGC has a low relative strength, it was outperformed by 79.11% 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) | DOWN | NEGATIVE | The current price of NFGC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of NFGC is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 24.37 | OVERSOLD | The low RSI value suggests NFGC may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests NFGC has a negative trend. |
| Stochastics (14,3) | 4.72 | OVERSOLD | The low Stochastics value suggests NFGC may be oversold. |
| Average True Range in percent/ATR (20) | 10.06 | HIGH VOLATILITY | The high ATR as a percentage value for NFGC suggests high volalility. |
| Average Directional Index/ADX (14) | 24.2 | NEUTRAL | The ADX value for NFGC suggests a possible start of a new trend. |
NFGC Chart- and CandleStick Pattern Analysis
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)
NFGC Technicals: Chart, Performance Metrics, Trend & Indicators
1.79
-0.02 (-1.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-1.1%
1 Week-25.21%
2 Weeks-27.6%
1 Month-33.7%
3 Month-34.66%
6 Month-14.62%
12 Month7.1%
2 Year-51.08%
3 Year-63.8%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.18
ATR(20)%10.06%
ATR Inc34.94%
Range Today0.14
ADR(20)0.17
ADR(20)%9.36%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.89
3 months CRS8.82
6 months CRS26.8
Mansfield-1.22
10 Day High2.65
10 Day Low1.71
20 Day High3.03
20 Day Low1.71
52 Week High3.59
52 Week Low0.93
CS1 EndN/A
CR1 Start2.67
Volume & EV
DER(3)0.72%
DER(5)-2.91%
Volume4.09M
Volume Incr82.56%
Vol(5)3.40M
Vol(50)2.27M
NEW FOUND GOLD CORP / NFGC TA FAQ
Can you provide the ChartMill technical rating for NEW FOUND GOLD CORP?
ChartMill assigns a technical rating of 0 / 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 Bearish.
What is the RSI signal for NFGC stock?
NEW FOUND GOLD CORP (NFGC) has an RSI value of 24.368. This indicates that the stock is currently oversold.
Can you provide the MACD signal for NEW FOUND GOLD CORP?
The MACD indicator for NEW FOUND GOLD CORP (NFGC) has a value of -0.0727169, 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 negative.