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NEW GOLD INC (NGD.CA) Stock Technical Analysis

TSX:NGD - Toronto Stock Exchange - CA6445351068 - Common Stock - Currency: CAD

6.21  -0.21 (-3.27%)

Technical Rating and Analysis

9

Taking everything into account, NGD scores 9 out of 10 in our technical rating. In the last year, NGD was one of the better performers, but we do observe some doubts in the very recent evolution.

In the last month NGD has a been trading in the 6.30 - 6.95 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When comparing the yearly performance of all stocks, we notice that NGD is one of the better performing stocks in the market, outperforming 90% of all stocks. On top of that, NGD also shows a nice and consistent pattern of rising prices.
NGD is one of the better performing stocks in the Metals & Mining industry, it outperforms 79% of 805 stocks in the same industry.
NGD is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so NGD is lagging the market slightly.
NGD has an average volume of 1915700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Weekly and Daily overview Charts
NEW GOLD INC / NGD Weekly stock chart
NEW GOLD INC / NGD Daily stock chart
Setup Rating and Analysis

7

NGD has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 6.31, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

4.54

6.96

We found 2 important support areas.

  • Support @4.84 from a trend line in the weekly time frame.
  • Support @4.59 from a trend line in the weekly time frame.

When analyzing the resistance we notice 2 important areas.

  • A resistance zone ranging from 6.23 to 6.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @6.89 from a horizontal line in the daily time frame.
Technical Indicator Signal Analysis

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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorUPPOSITIVEThe long term trend for NGD.CA is up.
ChartMill Short Term Trend IndicatorNEUTRALNEUTRALThe short term trend for NGD.CA is neutral.
ChartMill Relative Strength90.98POSITIVENGD.CA has a high relative strength, it outperformed 90.98% off all stocks on the market.
Simple Moving Average/SMA (20)DOWNNEGATIVEThe current price of NGD.CA is below a declining SMA(20).
Simple Moving Average/SMA (50)UPMIXEDThe current price of NGD.CA is below the rising SMA(50).
Simple Moving Average/SMA (200)UPPOSITIVEThe current price of NGD.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)44.41NEUTRALThe RSI value for NGD.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)-0.08NEGATIVEThe MACD value suggests NGD.CA has a negative trend.
Stochastics (14,3)9.87OVERSOLDThe low Stochastics value suggests NGD.CA may be oversold.
Average True Range in percent/ATR (20)3.58MEDIUM VOLATILITYThe ATR as a percentage value for NGD.CA suggests some volalility.
Average Directional Index/ADX (14)20.19NEUTRALThe ADX value for NGD.CA suggests a possible start of a new trend.
Chart- and CandleStick Pattern Analysis
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)
Example Setup

Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.

ENTRYEXITDISTANCECAPITAL
6.606.290.31 (4.73%)21.16%
An entry @6.60. This is a Buy Stop order right above the 10 day moving average.An exit @6.29. This is a Stop Loss order right below the 10 day low.The trade has a worst case loss of 0.31 points, which is 4.73%.When investing 21.16% of your capital in this trade, your total portfolio risk will be 1.00%.

  • The distance between exit and entry is rather small compared to the average daily movement of NGD. Please evaluate whether better entry and exit points can be found.
  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NEW GOLD INC / NGD Daily stock chart

NEW GOLD INC

TSX:NGD (7/15/2025, 7:00:00 PM)

6.21

-0.21 (-3.27%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-3.27%
1 Week-8.14%
2 Weeks-3.22%
1 Month-5.67%
3 Month24.9%
6 Month59.19%
12 Month106.54%
2 Year307.74%
3 Year501.91%
5 Year187.27%
10 Year118.69%
15 Year24.41%
Volatility
ATR(14)0.24
ATR(20)%3.58%
ATR Inc-25.95%
Range Today0.21
ADR(20)0.21
ADR(20)%3.42%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.98
Mansfield3.06
10 Day High6.89
10 Day Low6.3
20 Day High6.95
20 Day Low6.3
52 Week High6.95
52 Week Low2.79
CS1 End6.31
CR1 Start6.89
Volume & EV
DER(3)-2.68%
DER(5)-4.16%
Volume2.07M
Volume Incr-15.13%
Vol(5)1.50M
Vol(50)1.92M