NGEX MINERALS LTD (NGEX.CA) Stock Technical Analysis
TSX-V:NGEX - CA65343P1036 - Common Stock
21.01 CAD
+0.03 (+0.14%)
We assign a technical rating of 10 out of 10 to NGEX. Both in the recent history as in the last year, NGEX 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.
When comparing the yearly performance of all stocks, we notice that NGEX is one of the better performing stocks in the market, outperforming 88% of all stocks. On top of that, NGEX also shows a nice and consistent pattern of rising prices.
NGEX is one of the better performing stocks in the Metals & Mining industry, it outperforms 73% of 791 stocks in the same industry.
NGEX is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so NGEX is lagging the market slightly.
In the last month NGEX has a been trading in the 18.89 - 22.70 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Besides having an excellent technical rating, NGEX also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
More info and screens
12.15
21.22
5 important support areas can be observed.
- A support zone ranging from 20.76 to 21.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @20.15 from a trend line in the daily time frame.
- Support @19.73 from a horizontal line in the daily time frame.
- Support @13.28 from a trend line in the weekly time frame.
- Support @12.27 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 NGEX.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NGEX.CA is up. |
| ChartMill Relative Strength | 88.74 | POSITIVE | NGEX.CA has a high relative strength, it outperformed 88.74% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NGEX.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NGEX.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NGEX.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.31 | NEUTRAL | The RSI value for NGEX.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests NGEX.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 52.44 | NEUTRAL | The Stochastics value for NGEX.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.29 | MEDIUM VOLATILITY | The ATR as a percentage value for NGEX.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 39.38 | POSITIVE | The high ADX value value for NGEX.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)
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 |
|---|---|---|---|
| 21.62 | 20.75 | 0.87 (4.02%) | 24.85% |
| An entry @21.62. This is a Buy Stop order right above the 10 day high. | An exit @20.75. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.87 points, which is 4.02%. | For a 1.00% total portfolio risk, you can invest 24.85% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of NGEX. 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.
TSX-V:NGEX (8/28/2025, 7:00:00 PM)
21.01
+0.03 (+0.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0.14%
1 Week0.77%
2 Weeks-0.94%
1 Month8.19%
3 Month33.4%
6 Month50.18%
12 Month91.35%
2 Year226.24%
3 Year833.78%
5 Year4418.28%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.7
ATR(20)%3.29%
ATR Inc-36.72%
Range Today0.43
ADR(20)0.66
ADR(20)%3.14%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.74
Mansfield3.65
10 Day High21.61
10 Day Low19.42
20 Day High22.7
20 Day Low18.89
52 Week High22.7
52 Week Low9.22
CS1 End21
CR1 StartN/A
Volume & EV
DER(3)-0.92%
DER(5)0.48%
Volume157.41K
Volume Incr4.9%
Vol(5)266.85K
Vol(50)254.45K