NEW GOLD INC (NGD.CA) Stock Technical Analysis
Canada - TSX:NGD - CA6445351068 - Common Stock
We assign a technical rating of 10 out of 10 to NGD. Both in the recent history as in the last year, NGD has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although NGD has an excellent technical rating, the quality of the presented setup is 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
5.50
When analyzing the support we can see 5 important areas.
- A support zone ranging from 9.06 to 9.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @8.82 from a horizontal line in the daily time frame.
- Support @7.12 from a trend line in the weekly time frame.
- Support @6.92 from a trend line in the daily time frame.
- Support @5.56 from a trend line in the weekly time frame.
We found 1 important resistance area.
- Resistance @10.54 from a horizontal 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 NGD.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NGD.CA is up. |
| ChartMill Relative Strength | 93.23 | POSITIVE | NGD.CA has a high relative strength, it outperformed 93.23% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of NGD.CA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NGD.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NGD.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.62 | NEUTRAL | The RSI value for NGD.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests NGD.CA has a positive trend. |
| Stochastics (14,3) | 83.14 | OVERBOUGHT | The high Stochastics value suggests NGD.CA may be overbought. |
| Average True Range in percent/ATR (20) | 5.58 | HIGH VOLATILITY | The high ATR as a percentage value for NGD.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 30.94 | POSITIVE | The high ADX value value for NGD.CA suggests a strong trend. |
TSX:NGD (11/3/2025, 7:00:00 PM)
10.23
-0.1 (-0.97%)
NEW GOLD INC / NGD.CA FAQ
What is the ChartMill technical rating of NEW GOLD INC (NGD.CA) stock?
ChartMill assigns a technical rating of 10 / 10 to NGD.CA.
What is the trend direction for NGD stock?
The current trend direction for NEW GOLD INC (NGD.CA) is Bullish.
What is the RSI signal for NGD stock?
NEW GOLD INC (NGD.CA) has an RSI value of 59.6236. This indicates that the stock is currently neutral.
Can you provide the MACD signal for NEW GOLD INC?
The MACD indicator for NEW GOLD INC (NGD.CA) has a value of 0.0398475, indicating a bearish trend.
What is the buy/sell signal for NGD stock?
The buy/sell signal for NEW GOLD INC (NGD.CA) is buy as both the short term and long term trends are positive.