NEW GOLD INC.

- USD (-)

- 15 min delayed data - NYSE MKT Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	NGD
ISIN:	CA6445351068

NEW GOLD INC. - 1H - Technical analysis published on 03/20/2024 (GMT)

Timeframe : 1H
- Analysis generated on
Status : NEUTRAL

Summary of the analysis

Trends

Short term: Bearish

Underlying: Slightly bullish

Technical indicators

22%

50%

28%

My opinion

Neutral between 1.55 USD and 1.66 USD

My targets

My analysis

The short-term decline on NEW GOLD INC. remains moderate but it could call into question the slightly bullish basic trend. It is difficult to advise a trading direction under these conditions. The first support is located at 1.55 USD. The first resistance is located at 1.66 USD. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.

In the very short term, the neutral opinion of this analysis is confirmed by technical indicators which are also neutral.

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The NEW GOLD INC. price is 1.63 USD. The price registered an increase of +2.52% on the session and was between 1.58 USD and 1.66 USD. This implies that the price is at +3.16% from its lowest and at -1.81% from its highest.

1.58

1.66

1.63

Here is a more detailed summary of the historical variations registered by NEW GOLD INC.:

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Technical

A technical analysis in 1H of this NEW GOLD INC. chart shows a slightly bullish trend. 53.57% of the signals given by moving averages are bullish. Caution: the slightly bearish signals currently given by short-term moving averages indicate that this slightly bullish trend could be reversed. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
The Central Indicators scanner found this result concerning these indicators:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	R1	Price	R2	R3
ProTrendLines	1.30	1.46	1.52	1.63	1.63	1.78	2.01
Change (%)	-20.25%	-10.43%	-6.75%	0%	-	+9.20%	+23.31%
Change	-0.33	-0.17	-0.11	0	-	+0.15	+0.38
Level	Intermediate	Minor	Major	Minor	-	Intermediate	Intermediate

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.39	1.46	1.52	1.59	1.65	1.72	1.78
Camarilla	1.55	1.57	1.58	1.59	1.60	1.61	1.63
Woodie	1.40	1.46	1.53	1.59	1.66	1.72	1.79
Fibonacci	1.46	1.51	1.54	1.59	1.64	1.67	1.72

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.30	1.41	1.55	1.66	1.80	1.91	2.05
Camarilla	1.63	1.65	1.68	1.70	1.72	1.75	1.77
Woodie	1.33	1.42	1.58	1.67	1.83	1.92	2.08
Fibonacci	1.41	1.50	1.56	1.66	1.75	1.81	1.91

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.90	0.99	1.12	1.21	1.34	1.43	1.56
Camarilla	1.18	1.20	1.22	1.24	1.26	1.28	1.30
Woodie	0.91	1.00	1.13	1.22	1.35	1.44	1.57
Fibonacci	0.99	1.08	1.13	1.21	1.30	1.35	1.43

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	44.92
MACD (12,26,9):	-0.0100
Directional Movement:	-14.55
AROON (14):	-28.57
DEMA (21):	1.63
Parabolic SAR (0,02-0,02-0,2):	1.67
Elder Ray (13):	0
Super Trend (3,10):	1.70
Zig ZAG (10):	1.63
VORTEX (21):	0.9100
Stochastique (14,3,5):	68.87
TEMA (21):	1.61
Williams %R (14):	-33.33
Chande Momentum Oscillator (20):	-0.02
Repulse (5,40,3):	-0.2200
ROCnROLL:	-1
TRIX (15,9):	-0.0900
Courbe Coppock:	5.66

MA7:	1.65
MA20:	1.44
MA50:	1.33
MA100:	1.34
MAexp7:	1.63
MAexp20:	1.64
MAexp50:	1.63
MAexp100:	1.55
Price / MA7:	-1.21%
Price / MA20:	+13.19%
Price / MA50:	+22.56%
Price / MA100:	+21.64%
Price / MAexp7:	-0%
Price / MAexp20:	-0.61%
Price / MAexp50:	-0%
Price / MAexp100:	+5.16%

Quotes : - 15 min delayed data - NYSE MKT Stocks

News

The latest news and videos published on NEW GOLD INC. at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia AI

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