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 05/10/2024 (GMT)

Londinia

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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

72%

11%

17%

My opinion

Bullish above 1.95 USD

My targets

2.01 USD (+2.55%)

2.15 USD (+9.69%)

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 1.95 USD. The buyers' bullish objective is set at 2.01 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2.15 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.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

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. rating is 1.96 USD. The price is lower by -0.51% since the last closing and was traded between 1.93 USD and 2.01 USD over the period. The price is currently at +1.55% from its lowest and -2.49% from its highest.

1.93

2.01

1.96

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Opening Gap UP

Type : Bullish

Timeframe : Openning

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

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of this 1H chart of NEW GOLD INC. indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

MACD indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

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

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.78	1.89	1.95	1.96	2.01	2.21	2.35
Change (%)	-9.18%	-3.57%	-0.51%	-	+2.55%	+12.76%	+19.90%
Change	-0.18	-0.07	-0.01	-	+0.05	+0.25	+0.39
Level	Major	Major	Intermediate	-	Intermediate	Minor	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	1.81	1.84	1.91	1.94	2.01	2.04	2.11
Camarilla	1.94	1.95	1.96	1.97	1.98	1.99	2.00
Woodie	1.82	1.85	1.92	1.95	2.02	2.05	2.12
Fibonacci	1.84	1.88	1.91	1.94	1.98	2.01	2.04

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):	58.47
MACD (12,26,9):	0.0300
Directional Movement:	17.04
AROON (14):	64.29
DEMA (21):	1.96
Parabolic SAR (0,02-0,02-0,2):	1.94
Elder Ray (13):	0.02
Super Trend (3,10):	1.89
Zig ZAG (10):	1.95
VORTEX (21):	1.1000
Stochastique (14,3,5):	66.10
TEMA (21):	1.97
Williams %R (14):	-35.29
Chande Momentum Oscillator (20):	0.09
Repulse (5,40,3):	-1.0300
ROCnROLL:	1
TRIX (15,9):	0.1800
Courbe Coppock:	9.02

MA7:	1.88
MA20:	1.81
MA50:	1.71
MA100:	1.51
MAexp7:	1.95
MAexp20:	1.93
MAexp50:	1.89
MAexp100:	1.85
Price / MA7:	+4.26%
Price / MA20:	+8.29%
Price / MA50:	+14.62%
Price / MA100:	+29.80%
Price / MAexp7:	+0.51%
Price / MAexp20:	+1.55%
Price / MAexp50:	+3.70%
Price / MAexp100:	+5.95%

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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