New Placer Dome Gold Corp (NGLD.CA) Stock Technical Analysis
Canada - TSX-V:NGLD - CA64804X1015 - Common Stock
We assign a technical rating of 0 out of 10 to NGLD. NGLD scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The technical rating of NGLD is bad and it also does not present a 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
0.08
We found 1 important support area.
- A support zone ranging from 0.08 to 0.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 0.09 to 0.09. 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 0.10 to 0.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.11 from a trend line in the daily time frame.
- Resistance @0.13 from a horizontal line 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 | DOWN | NEGATIVE | The long term trend for NGLD.CA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NGLD.CA is down. |
| ChartMill Relative Strength | 18.85 | NEGATIVE | NGLD.CA has a low relative strength, it was outperformed by 81.15% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NGLD.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NGLD.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NGLD.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37.91 | NEUTRAL | The RSI value for NGLD.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests NGLD.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 28.57 | NEUTRAL | The Stochastics value for NGLD.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 8.09 | HIGH VOLATILITY | The high ATR as a percentage value for NGLD.CA suggests high volalility. |
TSX-V:NGLD (5/16/2022, 7:00:00 PM)
0.085
0 (0%)
New Placer Dome Gold Corp / NGLD.CA FAQ
What is the ChartMill technical rating of New Placer Dome Gold Corp (NGLD.CA) stock?
ChartMill assigns a technical rating of 0 / 10 to NGLD.CA.
What is the current trend direction of New Placer Dome Gold Corp (NGLD.CA) stock?
The current trend direction for New Placer Dome Gold Corp (NGLD.CA) is Bearish.
Can you provide the RSI signal for New Placer Dome Gold Corp?
New Placer Dome Gold Corp (NGLD.CA) has an RSI value of 37.9111. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for New Placer Dome Gold Corp?
The buy/sell signal for New Placer Dome Gold Corp (NGLD.CA) is sell as both the short term and long term trends are negative.
What is the support and resistance level for NGLD stock?
New Placer Dome Gold Corp (NGLD.CA) has a support level at 0.08 and a resistance level at 0.09. Check the full technical report for our detailed analysis of NGLD.CA support and resistance levels.