NEW GOLD INC (NGD.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:NGD - CA6445351068 - Common Stock
Taking everything into account, NGD scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NGD is showing a nice and steady performance.
Although NGD has an excellent technical rating, it does not present a decent entry opportunity 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
5.68
We found 6 important support areas.
- A support zone ranging from 9.96 to 10.04. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @9.43 from a horizontal line in the daily time frame.
- Support @9.06 from a horizontal line in the weekly time frame.
- Support @7.48 from a trend line in the weekly time frame.
- Support @7.36 from a trend line in the daily time frame.
- Support @5.74 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 NGD.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NGD.CA is up. |
| ChartMill Relative Strength | 90.93 | POSITIVE | NGD.CA has a high relative strength, it outperformed 90.93% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NGD.CA is above the rising 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) | 53.61 | NEUTRAL | The RSI value for NGD.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests NGD.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 56.05 | NEUTRAL | The Stochastics value for NGD.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.19 | HIGH VOLATILITY | The high ATR as a percentage value for NGD.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 23.56 | NEUTRAL | The ADX value for NGD.CA suggests a possible start of a new trend. |
TSX:NGD (12/5/2025, 7:00:00 PM)
10.65
-0.26 (-2.38%)
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 53.6121. 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 0.0297186, 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.