NEWRANGE GOLD CORP (NRG.CA) Stock Technical Analysis
TSX-V:NRG • CA65250B3039
We assign a technical rating of 10 out of 10 to NRG. Both in the recent history as in the last year, NRG 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.
- Looking at the yearly performance, NRG did better than 96% of all other stocks.
- NRG is part of the Metals & Mining industry. There are 816 other stocks in this industry. NRG outperforms 90% 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 trading in the upper part of its 52 week range, so NRG is lagging the market slightly.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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
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.
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. |
TSX-V:NRG (10/25/2024, 7:00:00 PM)
0.04
0 (0%)
NEWRANGE GOLD CORP / NRG.CA 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.
Can you provide the trend direction for NEWRANGE GOLD CORP?
The current trend direction for NEWRANGE GOLD CORP (NRG.CA) is Bullish.
Can you provide the RSI signal for NEWRANGE GOLD CORP?
NEWRANGE GOLD CORP (NRG.CA) has an RSI value of 62.5392. This indicates that the stock is currently neutral.
What is the short term momentum for NEWRANGE GOLD CORP (NRG.CA) stock?
The short term momentum for NEWRANGE GOLD CORP (NRG.CA) is positive.
What is the buy/sell signal for NEWRANGE GOLD CORP (NRG.CA) stock?
The buy/sell signal for NEWRANGE GOLD CORP (NRG.CA) is buy as both the short term and long term trends are positive.