6.75 USD
+0.05 (+0.75%)
6.77 USD
+0.02 (+0.3%)
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 term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, NGD did better than 96% 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 part of the Metals & Mining industry. There are 154 other stocks in this industry. NGD outperforms 81% of them.
NGD is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so NGD is performing more or less in line with the market.
NGD has an average volume of 22230500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month NGD has a been trading in the 6.04 - 7.75 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although NGD has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Prices have been consolidating lately.
More info and screens
3.81
7.67
When analyzing the support we can see 5 important areas.
- Support @6.48 from a horizontal line in the weekly time frame.
- Support @6.31 from a horizontal line in the daily time frame.
- A support zone ranging from 5.38 to 5.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.19 from a trend line in the daily time frame.
- Support @3.85 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 6.95 to 7.10. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 7.49 to 7.59. This zone is formed by a combination of multiple trend lines in the daily 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 | NEUTRAL | NEUTRAL | The short term trend for NGD is neutral. |
| ChartMill Relative Strength | 96.71 | POSITIVE | NGD has a high relative strength, it outperformed 96.71% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of NGD is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of NGD is below 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) | 45.75 | NEUTRAL | The RSI value for NGD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests NGD has a negative trend. |
| Stochastics (14,3) | 21.26 | NEUTRAL | The Stochastics value for NGD is a neutral value. |
| Average True Range in percent/ATR (20) | 6.55 | HIGH VOLATILITY | The high ATR as a percentage value for NGD suggests high volalility. |
| Average Directional Index/ADX (14) | 17.56 | NEGATIVE | The low ADX value for NGD suggests a weak or negative 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)
6.75
+0.05 (+0.75%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0.75%
1 Week-5.86%
2 Weeks-3.98%
1 Month4.01%
3 Month21.84%
6 Month56.98%
12 Month138.52%
2 Year378.72%
3 Year508.11%
5 Year262.9%
10 Year205.43%
15 Year-28.04%
Volatility
ATR(14)0.41
ATR(20)%6.55%
ATR Inc6.52%
Range Today0.24
ADR(20)0.39
ADR(20)%5.85%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.71
3 months CRS91.56
6 months CRS92.22
Mansfield4.23
10 Day High7.75
10 Day Low6.59
20 Day High7.75
20 Day Low6.04
52 Week High7.75
52 Week Low2.43
CS1 End6.48
CR1 Start6.95
Volume & EV
DER(3)0.4%
DER(5)2.33%
Volume12.91M
Volume Incr-34.83%
Vol(5)17.85M
Vol(50)22.23M
NEW GOLD INC / NGD FAQ
What is the ChartMill technical rating of NEW GOLD INC (NGD) stock?
ChartMill assigns a technical rating of 10 / 10 to NGD.
What is the trend direction for NGD stock?
The current trend direction for NEW GOLD INC (NGD) is Bullish.
What is the RSI signal for NGD stock?
NEW GOLD INC (NGD) has an RSI value of 45.7527. This indicates that the stock is currently neutral.
Can you provide the MACD signal for NEW GOLD INC?
The MACD indicator for NEW GOLD INC (NGD) has a value of -0.0514684, indicating a bearish trend.