We assign a technical rating of 10 out of 10 to NFGC. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NFGC is showing a nice and steady performance.
Although NFGC has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
1.90
When analyzing the support we can see 3 important areas.
- Support @2.06 from a trend line in the weekly time frame.
- Support @2.02 from a trend line in the daily time frame.
- Support @1.92 from a trend line 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 | UP | POSITIVE | The long term trend for NFGC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NFGC is up. |
| ChartMill Relative Strength | 95.37 | POSITIVE | NFGC has a high relative strength, it outperformed 95.37% 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) | UP | POSITIVE | The current price of NFGC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 74.64 | OVERBOUGHT | The high RSI value suggests NFGC may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests NFGC has a positive trend. |
| Stochastics (14,3) | 93.99 | OVERBOUGHT | The high Stochastics value suggests NFGC may be overbought. |
| Average True Range in percent/ATR (20) | 5.3 | HIGH VOLATILITY | The high ATR as a percentage value for NFGC suggests high volalility. |
| Average Directional Index/ADX (14) | 18.67 | NEGATIVE | The low ADX value for NFGC suggests a weak or negative trend. |
2.85
+0.44 (+18.26%)
NEW FOUND GOLD CORP / NFGC FAQ
Can you provide the ChartMill technical rating for NEW FOUND GOLD CORP?
ChartMill assigns a technical rating of 10 / 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 74.6377. This indicates that the stock is currently overbought.
What is the MACD signal for NFGC stock?
The MACD indicator for NEW FOUND GOLD CORP (NFGC) has a value of 0.0710188, 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 2.06. Check the full technical report for our detailed analysis of NFGC support and resistance levels.