NEW FOUND GOLD CORP (NFGC) Stock Technical Analysis
USA - NYSEARCA:NFGC - CA64440N1033 - Common Stock
Overall NFGC gets a technical rating of 4 out of 10. In the last year, NFGC was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
NFGC has an average technical rating and the quality of the presented setup is also not ideal 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
1.80
We found 2 important support areas.
- A support zone ranging from 1.88 to 1.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.82 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 2.08 to 2.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.38 from a trend line in the weekly 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 | 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 | 56.94 | NEUTRAL | NFGC is not amongst the best or worst performers 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) | 39.3 | NEUTRAL | The RSI value for NFGC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests NFGC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 13.7 | OVERSOLD | The low Stochastics value suggests NFGC may be oversold. |
| Average True Range in percent/ATR (20) | 9.34 | HIGH VOLATILITY | The high ATR as a percentage value for NFGC suggests high volalility. |
| Average Directional Index/ADX (14) | 21.77 | NEUTRAL | The ADX value for NFGC suggests a possible start of a new trend. |
1.91
+0.02 (+1.06%)
NEW FOUND GOLD CORP / NFGC FAQ
Can you provide the ChartMill technical rating for NEW FOUND GOLD CORP?
ChartMill assigns a technical rating of 4 / 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 39.2958. 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 -0.0404007, 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 1.9 and a resistance level at 2.08. Check the full technical report for our detailed analysis of NFGC support and resistance levels.