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 05/06/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 1.86 USD

My targets

1.95 USD (+2.09%)

2.01 USD (+5.24%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NEW GOLD INC. as long as the price remains well above 1.86 USD. The buyers' bullish objective is set at 1.95 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2.01 USD. If there is any crossing, the next objective would be the resistance located at 2.21 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

8.4

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.

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Additional analysis

Quotes

The NEW GOLD INC. price is 1.91 USD. The price registered an increase of +5.53% on the session and was traded between 1.87 USD and 1.93 USD over the period. The price is currently at +2.14% from its lowest and -1.04% from its highest.

1.87

1.93

1.91

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

A technical analysis in 1H of this NEW GOLD INC. chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 14 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.78	1.83	1.86	1.91	1.95	2.01	2.21
Change (%)	-6.81%	-4.19%	-2.62%	-	+2.09%	+5.24%	+15.71%
Change	-0.13	-0.08	-0.05	-	+0.04	+0.10	+0.30
Level	Major	Minor	Major	-	Intermediate	Intermediate	Minor

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.71	1.76	1.78	1.83	1.85	1.90	1.92
Camarilla	1.79	1.80	1.80	1.81	1.82	1.82	1.83
Woodie	1.71	1.75	1.78	1.82	1.85	1.89	1.92
Fibonacci	1.76	1.78	1.80	1.83	1.85	1.87	1.90

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.49	1.61	1.71	1.83	1.93	2.05	2.15
Camarilla	1.75	1.77	1.79	1.81	1.83	1.85	1.87
Woodie	1.48	1.61	1.70	1.83	1.92	2.05	2.14
Fibonacci	1.61	1.69	1.75	1.83	1.91	1.97	2.05

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.34	1.50	1.62	1.78	1.90	2.06	2.18
Camarilla	1.66	1.69	1.71	1.74	1.77	1.79	1.82
Woodie	1.32	1.49	1.60	1.77	1.88	2.05	2.16
Fibonacci	1.50	1.61	1.67	1.78	1.89	1.95	2.06

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):	59.26
MACD (12,26,9):	0.0100
Directional Movement:	19.24
AROON (14):	50.00
DEMA (21):	1.88
Parabolic SAR (0,02-0,02-0,2):	1.93
Elder Ray (13):	0.04
Super Trend (3,10):	1.78
Zig ZAG (10):	1.91
VORTEX (21):	0.9700
Stochastique (14,3,5):	83.08
TEMA (21):	1.88
Williams %R (14):	-15.38
Chande Momentum Oscillator (20):	0.02
Repulse (5,40,3):	0.7300
ROCnROLL:	1
TRIX (15,9):	0.0800
Courbe Coppock:	0.99

MA7:	1.83
MA20:	1.79
MA50:	1.65
MA100:	1.49
MAexp7:	1.88
MAexp20:	1.86
MAexp50:	1.83
MAexp100:	1.80
Price / MA7:	+4.37%
Price / MA20:	+6.70%
Price / MA50:	+15.76%
Price / MA100:	+28.19%
Price / MAexp7:	+1.60%
Price / MAexp20:	+2.69%
Price / MAexp50:	+4.37%
Price / MAexp100:	+6.11%

Quotes : - 15 min delayed data - NYSE MKT Stocks

News

Don't forget to follow the news on NEW GOLD INC.. At the time of publication of this analysis, the latest news was as follows:

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

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