NEW GOLD INC (NGD) Stock Technical Analysis
NYSEARCA:NGD - NYSE Arca - CA6445351068 - Common Stock - Currency: USD
Overall NGD gets a technical rating of 9 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When comparing the yearly performance of all stocks, we notice that NGD is one of the better performing stocks in the market, outperforming 96% of all stocks. On top of that, NGD also shows a nice and consistent pattern of rising prices.
NGD is part of the Metals & Mining industry. There are 152 other stocks in this industry. NGD outperforms 84% of them.
NGD is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so NGD slightly outperforms the market at the moment.
NGD has an average volume of 22016000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month NGD has a been trading in the 2.90 - 3.86 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
NGD has an excellent technical rating, but the quality of the setup is only medium 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
2.77
3.79
When analyzing the support we can see 3 important areas.
- Support @3.12 from a trend line in the daily time frame.
- A support zone ranging from 2.96 to 3.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 2.80 to 2.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 3.71 to 3.75. This zone is formed by a combination of multiple trend lines in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.58
Mansfield3.14
10 Day High3.86
10 Day Low3.26
20 Day High3.86
20 Day Low2.9
52 Week High3.86
52 Week Low1.73
Performance
1 Week-6.87%
2 Weeks-0.29%
1 Month-6.35%
3 Month16.49%
6 Month17.71%
12 Month86.26%
2 Year164.84%
3 Year132.19%
5 Year319.5%
10 Year0.3%
15 Year-42.05%
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)
Technical Indicators
MACD(12,26,9)-0.02
RSI(14)49.6
LBB2.99
UBB3.9
3.39
-0.07 (-2.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-2.02%
1 Week-6.87%
2 Weeks-0.29%
1 Month-6.35%
3 Month16.49%
6 Month17.71%
12 Month86.26%
2 Year164.84%
3 Year132.19%
5 Year319.5%
10 Year0.3%
15 Year-42.05%
Volatility
ATR(14)0.22
ATR(20)%7.34%
ATR Inc-52.91%
Range Today0.13
ADR(20)0.23
ADR(20)%6.78%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.58
Mansfield3.14
10 Day High3.86
10 Day Low3.26
20 Day High3.86
20 Day Low2.9
52 Week High3.86
52 Week Low1.73
CS1 End3.12
CR1 Start3.71
Volume & EV
DER(3)0.88%
DER(5)0.72%
Volume21.42M
Volume Incr38.16%
Vol(5)32.14M
Vol(50)22.02M