NEWRANGE GOLD CORP (NRG.CA) Technical Analysis
TSX-V:NRG • CA65250B3039
Current stock price
NRG.CA Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to NRG. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NRG is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, NRG did better than 96% of all other stocks.
- NRG is part of the Metals & Mining industry. There are 798 other stocks in this industry. NRG outperforms 91% of them.
- In the last month NRG has a been trading in the 0.02 - 0.04 range, which is quite wide. It is currently trading near the high of this range.
- NRG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NRG is lagging the market.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
NRG.CA Weekly and Daily overview Charts
NRG.CA Setup Rating and Analysis
Although NRG has an excellent technical rating, it does not present a decent entry opportunity 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
NRG.CA Support and Resistance Analysis
0.02
When analyzing the support we can see 2 important areas.
- A support zone ranging from 0.03 to 0.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 0.02 to 0.02. This zone is formed by a combination of multiple trend lines in the daily time frame.
NRG.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 NRG.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NRG.CA is up. |
| ChartMill Relative Strength | 96.46 | POSITIVE | NRG.CA has a high relative strength, it outperformed 96.46% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NRG.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NRG.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NRG.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.54 | NEUTRAL | The RSI value for NRG.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests NRG.CA has a positive trend. |
| Stochastics (14,3) | 83.33 | OVERBOUGHT | The high Stochastics value suggests NRG.CA may be overbought. |
| Average True Range in percent/ATR (20) | 10 | HIGH VOLATILITY | The high ATR as a percentage value for NRG.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 17.51 | NEGATIVE | The low ADX value for NRG.CA suggests a weak or negative trend. |
NRG.CA Chart- and CandleStick Pattern Analysis
NRG.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX-V:NRG (10/25/2024, 7:00:00 PM)
0.04
0 (0%)
NEWRANGE GOLD CORP / NRG.CA TA FAQ
What is the ChartMill technical rating of NEWRANGE GOLD CORP (NRG.CA) stock?
ChartMill assigns a technical rating of 10 / 10 to NRG.CA.
What is the current trend direction of NEWRANGE GOLD CORP (NRG.CA) stock?
The current trend direction for NEWRANGE GOLD CORP (NRG.CA) is Bullish.
What is the RSI signal for NRG stock?
NEWRANGE GOLD CORP (NRG.CA) has an RSI value of 62.5392. This indicates that the stock is currently neutral.
Can you provide the MACD signal for NEWRANGE GOLD CORP?
The MACD indicator for NEWRANGE GOLD CORP (NRG.CA) has a value of 0.000562272, indicating a bearish trend.
Can you provide the short term momentum for NEWRANGE GOLD CORP?
The short term momentum for NEWRANGE GOLD CORP (NRG.CA) is positive.