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. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
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7.93
When analyzing the support we can see 3 important areas.
- Support @12.05 from a trend line in the daily time frame.
- A support zone ranging from 11.05 to 11.15. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @8.01 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 | 93.93 | POSITIVE | NGD.CA has a high relative strength, it outperformed 93.93% 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) | 76.57 | OVERBOUGHT | The high RSI value suggests NGD.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests NGD.CA has a positive trend. |
| Stochastics (14,3) | 95.88 | OVERBOUGHT | The high Stochastics value suggests NGD.CA may be overbought. |
| Average True Range in percent/ATR (20) | 5.28 | HIGH VOLATILITY | The high ATR as a percentage value for NGD.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 32.07 | POSITIVE | The high ADX value value for NGD.CA suggests a strong trend. |
TSX:NGD (1/12/2026, 7:00:00 PM)
14.62
+0.69 (+4.95%)
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.
Can you provide the trend direction for NEW GOLD INC?
The current trend direction for NEW GOLD INC (NGD.CA) is Bullish.
Can you provide the RSI signal for NEW GOLD INC?
NEW GOLD INC (NGD.CA) has an RSI value of 76.571. This indicates that the stock is currently overbought.
What is the short term momentum for NEW GOLD INC (NGD.CA) stock?
The short term momentum for NEW GOLD INC (NGD.CA) is positive.
Can you provide the support and resistance levels for NEW GOLD INC?
NEW GOLD INC (NGD.CA) has a support level at 12.05. Check the full technical report for our detailed analysis of NGD.CA support and resistance levels.