Next Green Wave Holdings Inc. (NGW.CA) Technical Analysis
CNSX:NGW
Current stock price
NGW.CA Technical Rating and Analysis
We assign a technical rating of 9 out of 10 to NGW. In the last year, NGW was one of the better performers, but we do observe some doubts in the very recent evolution.
- 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.
- When comparing the yearly performance of all stocks, we notice that NGW is one of the better performing stocks in the market, outperforming 97% of all stocks. On top of that, NGW also shows a nice and consistent pattern of rising prices.
- NGW 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 NGW is lagging the market slightly.
- In the last month NGW has a been trading in the 0.74 - 0.95 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
NGW.CA Weekly and Daily overview Charts
NGW.CA Setup Rating and Analysis
Besides having an excellent technical rating, NGW also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 0.80, a Stop Loss order could be placed below this zone.
More info and screens
NGW.CA Support and Resistance Analysis
0.50
When analyzing the support we can see 3 important areas.
- A support zone ranging from 0.79 to 0.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.53 from a trend line in the daily time frame.
- Support @0.50 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 0.86 to 0.88. 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 0.94 to 0.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
NGW.CA 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 | UP | POSITIVE | The long term trend for NGW.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NGW.CA is neutral. |
| ChartMill Relative Strength | 97.76 | POSITIVE | NGW.CA has a high relative strength, it outperformed 97.76% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NGW.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of NGW.CA is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NGW.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.77 | NEUTRAL | The RSI value for NGW.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests NGW.CA has a negative trend. |
| Stochastics (14,3) | 69.26 | NEUTRAL | The Stochastics value for NGW.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 6.61 | HIGH VOLATILITY | The high ATR as a percentage value for NGW.CA suggests high volalility. |
NGW.CA Chart- and CandleStick Pattern Analysis
NGW.CA Example Setup
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 |
|---|---|---|---|
| 0.89 | 0.78 | 0.11 (12.36%) | 8.09% |
| An entry @0.89. This is a Buy Stop order right above the resistance zone. | An exit @0.78. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.11 points, which is 12.36%. | When investing 8.09% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
NGW.CA Technicals: Chart, Performance Metrics, Trend & Indicators
CNSX:NGW (4/8/2021, 8:31:22 PM)
0.84
-0.05 (-5.62%)
Next Green Wave Holdings Inc. / NGW.CA TA FAQ
Can you provide the ChartMill technical rating for Next Green Wave Holdings Inc.?
ChartMill assigns a technical rating of 8 / 10 to NGW.CA.
What is the trend direction for NGW stock?
The current trend direction for Next Green Wave Holdings Inc. (NGW.CA) is Bullish.
What is the RSI signal for Next Green Wave Holdings Inc. (NGW.CA) stock?
Next Green Wave Holdings Inc. (NGW.CA) has an RSI value of 46.7733. This indicates that the stock is currently neutral.
What is the MACD signal for NGW stock?
The MACD indicator for Next Green Wave Holdings Inc. (NGW.CA) has a value of -0.00133449, indicating a bearish trend.