NEW GOLD INC (NGD)
CA6445351068 - Common Stock
We assign a technical rating of 9 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.
NGD is part of the Metals & Mining industry. There are 155 other stocks in this industry. NGD outperforms 85% 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 8176280 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that NGD is one of the better performing stocks in the market, outperforming 91% of all stocks. However, this relatively good performance is mostly due to a recent big move.
In the last month NGD has a been trading in the 1.56 - 1.94 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, NGD also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 1.71, a Stop Loss order could be placed below this zone.
More info and screens
1.04
1.74
When analyzing the support we can see 5 important areas.
- A support zone ranging from 1.71 to 1.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.25 from a trend line in the weekly time frame.
- Support @1.19 from a trend line in the daily time frame.
- A support zone ranging from 1.13 to 1.13. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @1.05 from a trend line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.66
Mansfield2.35
10 Day High1.94
10 Day Low1.66
20 Day High1.94
20 Day Low1.56
52 Week High1.94
52 Week Low0.86
Performance
1 Week0%
2 Weeks-7.53%
1 Month8.86%
3 Month38.71%
6 Month43.33%
12 Month34.38%
2 Year17.81%
3 Year3.61%
5 Year95.48%
10 Year-66.07%
15 Year-5.49%
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)
Technical Indicators
MACD(12,26,9)-0.02
RSI(14)52.83
LBB1.68
UBB1.86
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 1.77 | 1.70 | 0.07 (3.95%) | 25.00% |
| An entry @1.77. This is a Buy Stop order right above the 10 day moving average. | An exit @1.70. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.07 points, which is 3.95%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.99%. |
- The distance between exit and entry is rather small compared to the average daily movement of NGD. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NEW GOLD INC
NYSEARCA:NGD (4/23/2024, 7:15:29 PM)
After market: 1.74 +0.02 (+1.16%)1.72
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0%
1 Week0%
2 Weeks-7.53%
1 Month8.86%
3 Month38.71%
6 Month43.33%
12 Month34.38%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.1
ATR(20)%5.66%
ATR Inc
Range Today0.09
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High1.94
10 Day Low1.66
20 Day High1.94
20 Day Low1.56
52 Week High1.94
52 Week Low0.86
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume8.87M
Volume Incr1.22%
Vol(5)8.61M
Vol(50)8.18M