NEW GOLD INC (NGD.CA) Stock Technical Analysis
TSX:NGD - Toronto Stock Exchange - CA6445351068 - Common Stock - Currency: CAD
Taking everything into account, NGD scores 10 out of 10 in our technical rating. 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.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, NGD did better than 90% of all other 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 76% of 798 stocks in the same industry.
NGD is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month NGD has a been trading in the 5.52 - 6.75 range, which is quite wide. It is currently trading near the high of this range.
NGD has an average volume of 1726950 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although NGD has an excellent technical rating, it does not present a decent entry opportunity 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
4.64
6.96
We found 4 important support areas.
- A support zone ranging from 6.10 to 6.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 5.77 to 5.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @4.97 from a trend line in the weekly time frame.
- Support @4.69 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 6.69 to 6.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @6.89 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 | 90.62 | POSITIVE | NGD.CA has a high relative strength, it outperformed 90.62% 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) | 62.52 | NEUTRAL | The RSI value for NGD.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests NGD.CA has a positive trend. |
| Stochastics (14,3) | 94.58 | OVERBOUGHT | The high Stochastics value suggests NGD.CA may be overbought. |
| Average True Range in percent/ATR (20) | 3.47 | MEDIUM VOLATILITY | The ATR as a percentage value for NGD.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 23.78 | NEUTRAL | The ADX value for NGD.CA suggests a possible start of a new trend. |
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)
TSX:NGD (8/8/2025, 7:00:00 PM)
6.69
+0.08 (+1.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg1.21%
1 Week15.34%
2 Weeks10.58%
1 Month4.21%
3 Month14.95%
6 Month55.58%
12 Month125.25%
2 Year367.83%
3 Year687.06%
5 Year212.62%
10 Year120.79%
15 Year-0.89%
Volatility
ATR(14)0.25
ATR(20)%3.47%
ATR Inc-33%
Range Today0.15
ADR(20)0.21
ADR(20)%3.09%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.62
Mansfield3.17
10 Day High6.75
10 Day Low5.52
20 Day High6.75
20 Day Low5.52
52 Week High6.95
52 Week Low3.01
CS1 End6.14
CR1 Start6.69
Volume & EV
DER(3)10.04%
DER(5)9.36%
Volume1.26M
Volume Incr-12.51%
Vol(5)1.34M
Vol(50)1.73M