NEW GOLD INC (NGD) Technical Analysis
NYSEARCA:NGD • CA6445351068
Current stock price
NGD Technical Rating and Analysis
We assign a technical rating of 4 out of 10 to NGD. Although NGD is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- In the last month NGD has a been trading in the 8.46 - 13.52 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- When comparing the yearly performance of all stocks, we notice that NGD is one of the better performing stocks in the market, outperforming 96% of all 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 89% of 159 stocks in the same industry.
- NGD has an average volume of 18590300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- NGD is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so NGD is lagging the market slightly.
NGD Weekly and Daily overview Charts
NGD Setup Rating and Analysis
NGD has an average technical rating and it also does not offer a high quality setup 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
NGD Support and Resistance Analysis
6.50
We found 1 important support area.
- Support @6.57 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 10.33 to 10.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
NGD Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The long term trend for NGD is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NGD is down. |
| ChartMill Relative Strength | 96.64 | POSITIVE | NGD has a high relative strength, it outperformed 96.64% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NGD is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NGD is below a declining 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) | 33.29 | NEUTRAL | The RSI value for NGD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.32 | NEGATIVE | The MACD value suggests NGD has a negative trend. |
| Stochastics (14,3) | 8.67 | OVERSOLD | The low Stochastics value suggests NGD may be oversold. |
| Average True Range in percent/ATR (20) | 8.8 | HIGH VOLATILITY | The high ATR as a percentage value for NGD suggests high volalility. |
| Average Directional Index/ADX (14) | 22.6 | NEUTRAL | The ADX value for NGD suggests a possible start of a new trend. |
NGD Chart- and CandleStick Pattern Analysis
NGD Technicals: Chart, Performance Metrics, Trend & Indicators
9.08
-0.39 (-4.12%)
NEW GOLD INC / NGD TA FAQ
What is the ChartMill technical rating of NEW GOLD INC (NGD) stock?
ChartMill assigns a technical rating of 4 / 10 to NGD.
Can you provide the trend direction for NEW GOLD INC?
The current trend direction for NEW GOLD INC (NGD) is Bearish.
Can you provide the RSI signal for NEW GOLD INC?
NEW GOLD INC (NGD) has an RSI value of 33.289. This indicates that the stock is currently neutral.
What is the short term momentum for NEW GOLD INC (NGD) stock?
The short term momentum for NEW GOLD INC (NGD) is negative.
Can you provide the support and resistance levels for NEW GOLD INC?
NEW GOLD INC (NGD) has a support level at 6.57 and a resistance level at 10.33. Check the full technical report for our detailed analysis of NGD support and resistance levels.