NEW FOUND GOLD CORP (NFGC) Stock Technical Analysis
NYSEARCA:NFGC - NYSE Arca - CA64440N1033 - Common Stock - Currency: USD
Overall NFGC gets a technical rating of 4 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. NFGC was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, NFGC is a bad performer in the overall market: 71% of all stocks are doing better.
NFGC is one of the lesser performing stocks in the Metals & Mining industry. 79% of 157 stocks in the same industry do better.
In the last month NFGC has a been trading in the 1.37 - 1.86 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
NFGC has an average volume of 1170860 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
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.
Considerably lower volume is observed in the last couple of days.
NFGC has an average technical rating and also the quality of the setup is only medium 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
1.40
1.85
3 important support areas can be observed.
- A support zone ranging from 1.50 to 1.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.45 from a trend line in the daily time frame.
- Support @1.41 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 1.75 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 | NEUTRAL | NEUTRAL | The short term trend for NFGC is neutral. |
| ChartMill Relative Strength | 29.36 | NEGATIVE | NFGC has a low relative strength, it was outperformed by 70.64% 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) | 56.06 | NEUTRAL | The RSI value for NFGC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests NFGC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 36.84 | NEUTRAL | The Stochastics value for NFGC is a neutral value. |
| Average True Range in percent/ATR (20) | 5.71 | HIGH VOLATILITY | The high ATR as a percentage value for NFGC suggests high volalility. |
| Average Directional Index/ADX (14) | 23.22 | NEUTRAL | The ADX value for NFGC suggests a possible start of a new 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)
1.65
+0.05 (+3.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg3.12%
1 Week4.43%
2 Weeks-8.33%
1 Month23.13%
3 Month27.91%
6 Month-4.62%
12 Month-31.25%
2 Year-62.41%
3 Year-54.29%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%5.71%
ATR Inc-3%
Range Today0.1
ADR(20)0.08
ADR(20)%5.15%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS29.36
Mansfield-1.61
10 Day High1.83
10 Day Low1.48
20 Day High1.86
20 Day Low1.37
52 Week High3.19
52 Week Low0.93
CS1 End1.53
CR1 Start1.75
Volume & EV
DER(3)5.07%
DER(5)2.49%
Volume711.80K
Volume Incr-13.21%
Vol(5)549.52K
Vol(50)1.17M