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.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that NGD is one of the better performing stocks in the market, outperforming 94% of all stocks. On top of that, NGD also shows a nice and consistent pattern of rising prices.
NGD is part of the Metals & Mining industry. There are 796 other stocks in this industry. NGD outperforms 88% of them.
A new 52 week high is currently being made by NGD, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so NGD is leading the market.
In the last month NGD has a been trading in the 4.60 - 6.10 range, which is quite wide. It is currently trading near the high of this range.
NGD has an average volume of 2266870 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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
4.31
6.14
5 important support areas can be observed.
- A support zone ranging from 5.15 to 5.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @5.05 from a trend line in the daily time frame.
- Support @4.71 from a trend line in the daily time frame.
- Support @4.52 from a trend line in the weekly time frame.
- Support @4.35 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 | 94.94 | POSITIVE | NGD.CA has a high relative strength, it outperformed 94.94% 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) | 64.44 | 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) | 96.58 | OVERBOUGHT | The high Stochastics value suggests NGD.CA may be overbought. |
| Average True Range in percent/ATR (20) | 4.54 | MEDIUM VOLATILITY | The ATR as a percentage value for NGD.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 27.27 | POSITIVE | The high ADX value value for NGD.CA suggests a strong 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 (5/28/2025, 7:00:00 PM)
6.08
+0.16 (+2.7%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg2.7%
1 Week3.23%
2 Weeks12.8%
1 Month32.17%
3 Month54.71%
6 Month55.9%
12 Month104.03%
2 Year266.27%
3 Year270.73%
5 Year270.73%
10 Year50.5%
15 Year-5.3%
Volatility
ATR(14)0.23
ATR(20)%4.54%
ATR Inc-27.48%
Range Today0.18
ADR(20)0.23
ADR(20)%3.7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.94
Mansfield4.79
10 Day High6.1
10 Day Low5.14
20 Day High6.1
20 Day Low4.6
52 Week High6.1
52 Week Low2.6
CS1 End5.25
CR1 StartN/A
Volume & EV
DER(3)-0.98%
DER(5)-1.06%
Volume1.52M
Volume Incr-8.48%
Vol(5)2.08M
Vol(50)2.27M