NEW GOLD INC (NGD.CA) Stock Technical Analysis
TSX:NGD - CA6445351068 - Common Stock
8.42 CAD
+0.32 (+3.95%)
We assign a technical rating of 10 out of 10 to NGD. 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.
Looking at the yearly performance, NGD did better than 92% of all other stocks. We also observe that the gains produced by NGD over the past year are nicely spread over this period.
NGD is one of the better performing stocks in the Metals & Mining industry, it outperforms 81% of 803 stocks in the same industry.
NGD is currently making a new 52 week high. This is a strong signal. 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 5.83 - 8.43 range, which is quite wide. It is currently trading near the high of this range.
NGD has an average volume of 1590770 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
5.10
8.50
4 important support areas can be observed.
- Support @6.32 from a trend line in the weekly time frame.
- Support @6.12 from a trend line in the daily time frame.
- Support @5.89 from a trend line in the daily time frame.
- Support @5.15 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 | 92.7 | POSITIVE | NGD.CA has a high relative strength, it outperformed 92.7% 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) | 83.71 | OVERBOUGHT | The high RSI value suggests NGD.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests NGD.CA has a positive trend. |
| Stochastics (14,3) | 97.42 | OVERBOUGHT | The high Stochastics value suggests NGD.CA may be overbought. |
| Average True Range in percent/ATR (20) | 2.84 | MEDIUM VOLATILITY | The ATR as a percentage value for NGD.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 40.18 | 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 (9/2/2025, 7:00:00 PM)
8.42
+0.32 (+3.95%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg3.95%
1 Week9.64%
2 Weeks16.94%
1 Month45.17%
3 Month27.77%
6 Month102.89%
12 Month165.62%
2 Year573.6%
3 Year584.55%
5 Year270.93%
10 Year179.73%
15 Year22.03%
Volatility
ATR(14)0.23
ATR(20)%2.84%
ATR Inc80.14%
Range Today0.44
ADR(20)0.22
ADR(20)%2.64%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.7
Mansfield5.53
10 Day High8.43
10 Day Low7.07
20 Day High8.43
20 Day Low5.83
52 Week High8.43
52 Week Low3.16
CS1 End6.32
CR1 StartN/A
Volume & EV
DER(3)-0.26%
DER(5)-1.46%
Volume2.00M
Volume Incr2.81%
Vol(5)1.61M
Vol(50)1.59M