NEW GOLD INC (NGD) Stock Technical Analysis
NYSEARCA:NGD - CA6445351068 - Common Stock
5.54 USD
+0.1 (+1.84%)
5.5499 USD
+0.01 (+0.18%)
Overall NGD gets a technical rating of 10 out of 10. 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.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, NGD did better than 94% 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 82% of 156 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 4.03 - 5.61 range, which is quite wide. It is currently trading near the high of this range.
NGD has an average volume of 17249100 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 offer a high quality setup 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
3.43
5.60
When analyzing the support we can see 4 important areas.
- A support zone ranging from 4.69 to 4.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 4.42 to 4.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @4.27 from a trend line in the daily time frame.
- Support @3.46 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 is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NGD is up. |
| ChartMill Relative Strength | 94.8 | POSITIVE | NGD has a high relative strength, it outperformed 94.8% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NGD is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NGD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NGD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 76.45 | OVERBOUGHT | The high RSI value suggests NGD may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests NGD has a positive trend. |
| Stochastics (14,3) | 95.7 | OVERBOUGHT | The high Stochastics value suggests NGD may be overbought. |
| Average True Range in percent/ATR (20) | 3.53 | MEDIUM VOLATILITY | The ATR as a percentage value for NGD suggests some volalility. |
| Average Directional Index/ADX (14) | 30.05 | POSITIVE | The high ADX value value for NGD 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)
5.54
+0.1 (+1.84%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg1.84%
1 Week6.33%
2 Weeks13.52%
1 Month25.62%
3 Month28.84%
6 Month96.45%
12 Month109.06%
2 Year427.62%
3 Year745.93%
5 Year231.74%
10 Year140.87%
15 Year-13.44%
Volatility
ATR(14)0.19
ATR(20)%3.53%
ATR Inc24.41%
Range Today0.26
ADR(20)0.18
ADR(20)%3.27%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.8
Mansfield4.65
10 Day High5.61
10 Day Low4.71
20 Day High5.61
20 Day Low4.03
52 Week High5.61
52 Week Low2.31
CS1 End4.81
CR1 StartN/A
Volume & EV
DER(3)9.9%
DER(5)8.4%
Volume12.93M
Volume Incr-19.04%
Vol(5)12.07M
Vol(50)17.25M