NEW FOUND GOLD CORP (NFGC) Stock Technical Analysis
NYSEARCA:NFGC - NYSE Arca - CA64440N1033 - Common Stock - Currency: USD
Overall NFGC gets a technical rating of 1 out of 10. 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.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
95% of all other stocks performed better in the past year than NFGC.
NFGC is one of the lesser performing stocks in the Metals & Mining industry. 92% of 154 stocks in the same industry do better.
NFGC is currently trading in the lower part 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.
In the last month NFGC has a been trading in the 1.07 - 1.32 range, which is quite wide. It is currently trading near the high of this range.
NFGC has an average volume of 1061540 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
NFGC has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 1.30. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for NFGC in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
1.08
2.17
When analyzing the support we can see 2 important areas.
- Support @1.14 from a trend line in the daily time frame.
- Support @1.09 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 6 important areas.
- A resistance zone ranging from 1.30 to 1.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.39 from a trend line in the daily time frame.
- Resistance @1.58 from a trend line in the daily time frame.
- Resistance @1.87 from a horizontal line in the weekly time frame.
- Resistance @1.93 from a horizontal line in the daily time frame.
- Resistance @2.15 from a trend line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS5.94
Mansfield-4.33
10 Day High1.32
10 Day Low1.09
20 Day High1.32
20 Day Low1.07
52 Week High3.73
52 Week Low0.93
Performance
1 Week6.84%
2 Weeks5.04%
1 Month6.84%
3 Month-30.94%
6 Month-23.78%
12 Month-65.37%
2 Year-71.97%
3 Year-77.84%
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.02
RSI(14)52.76
LBB1.09
UBB1.31
1.25
-0.06 (-4.58%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-4.58%
1 Week6.84%
2 Weeks5.04%
1 Month6.84%
3 Month-30.94%
6 Month-23.78%
12 Month-65.37%
2 Year-71.97%
3 Year-77.84%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.08
ATR(20)%6.21%
ATR Inc48.58%
Range Today0.09
ADR(20)0.07
ADR(20)%5.87%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS5.94
Mansfield-4.33
10 Day High1.32
10 Day Low1.09
20 Day High1.32
20 Day Low1.07
52 Week High3.73
52 Week Low0.93
CS1 End1.14
CR1 Start1.3
Volume & EV
DER(3)3.15%
DER(5)5.41%
Volume977.10K
Volume Incr-4.32%
Vol(5)703.86K
Vol(50)1.06M