NGEX MINERALS LTD (NGEX.CA) Stock Technical Analysis
TSX-V:NGEX - TSX Venture Exchange - CA65343P1036 - Common Stock - Currency: CAD
We assign a technical rating of 9 out of 10 to NGEX. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NGEX is showing a nice and steady performance.
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 NGEX is one of the better performing stocks in the market, outperforming 89% of all stocks. We also observe that the gains produced by NGEX over the past year are nicely spread over this period.
NGEX is part of the Metals & Mining industry. There are 822 other stocks in this industry. NGEX outperforms 77% of them.
NGEX 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 NGEX slightly outperforms the market at the moment.
In the last month NGEX has a been trading in the 13.11 - 14.48 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, NGEX also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 13.86, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for NGEX in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
10.45
15.02
When analyzing the support we can see 3 important areas.
- A support zone ranging from 13.59 to 13.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 12.91 to 13.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @10.56 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @14.16 from a horizontal line in the daily time frame.
- A resistance zone ranging from 14.69 to 14.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.47
Mansfield2.62
10 Day High14.23
10 Day Low13.39
20 Day High14.48
20 Day Low13.11
52 Week High14.91
52 Week Low7.82
Performance
1 Week0.79%
2 Weeks1.44%
1 Month3.37%
3 Month11.37%
6 Month47.49%
12 Month69.47%
2 Year242.23%
3 Year362.3%
5 Year5775%
10 YearN/A
15 YearN/A
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)0.03
RSI(14)54.99
LBB13.44
UBB14.3
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 |
|---|---|---|---|
| 14.17 | 13.58 | 0.59 (4.16%) | 24.02% |
| An entry @14.17. This is a Buy Stop order right above the resistance zone. | An exit @13.58. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.59 points, which is 4.16%. | When investing 24.02% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of NGEX. Please evaluate whether better entry and exit points can be found.
- 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.
TSX-V:NGEX (3/7/2025, 7:00:00 PM)
14.1
+0.03 (+0.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0.21%
1 Week0.79%
2 Weeks1.44%
1 Month3.37%
3 Month11.37%
6 Month47.49%
12 Month69.47%
2 Year242.23%
3 Year362.3%
5 Year5775%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.45
ATR(20)%3.18%
ATR Inc-23.5%
Range Today0.38
ADR(20)0.44
ADR(20)%3.15%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.47
Mansfield2.62
10 Day High14.23
10 Day Low13.39
20 Day High14.48
20 Day Low13.11
52 Week High14.91
52 Week Low7.82
CS1 End13.86
CR1 Start14.16
Volume & EV
DER(3)2.11%
DER(5)6.48%
Volume138.19K
Volume Incr-28.85%
Vol(5)156.83K
Vol(50)211.88K