Technical analysis from New Gold (NGD, AMEX:NGD) on the American Stock Exchange (AMEX). Download the latest price data & trading signals

New Gold
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[Uptrend]: Recent trading for NGD confirms bullish WMA(5) signal
Weighted Moving Average /
[Uptrend]: Recent trading for NGD confirms bullish WMA(5) signal

[BULLISH]: New Gold currently has a confirmed uptrend. Recent trading has caused the WMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is 2.5%.

OBV: Distribution still active for New Gold
On Balance Volume /
OBV: Distribution still active for New Gold

[BEARISH]: New Gold current price has highlighted recent distribution. Currently, the OBV is -3.84086e+007.

Open Tod Vs Close Tod /
New Gold opened in the lower part of daily range at 0% & closed in the upper part of the trading range at 85.7%. This suggests the buyers were in control all day.

[BULLISH STRONG]: New Gold opened in the lower part of daily range at 0% & closed in the upper part of the trading range at 85.7%. This suggests the buyers were in control all day. Over the last 12 months there has been 52 trading days with the opening price in the lower shadow & the closing the price in the upper shadow giving a confirmation ratio of 19.8%. Over the last month there has been 2 trading days with the opening price in the lower price range & the closing the price in the upper price range giving a confirmation ratio of 13.3%.

Relative Strength Index /
New Gold is no longer oversold and normal trading conditions are resumed [NEUTRAL]

NGD: RSI Current Signal -> (1) 22 Jun: BULLISH CROSSUNDER (2) 21 Jun: BEARISH CROSSOVER (3) 20 Jun: NEUTRAL

MACD Volume /
Volume MACD for New Gold is now losing momentum @-202287

[BEARISH CROSSOVER]: New Gold currently has negative Volume MACD of -202287. This means the signal line is less than the Volume MACD line signalling a bearish movement.

Pivot Points /
Limit order for a long position has been identified for New Gold [Bullish]

New Gold current pivot point is: 2.062. The current resistance levels are: (R1) $2.084: (R2) $2.097: (R3) $2.119: The current support levels are: (S1) $2.049: (S2) $2.027: (S3) $2.014

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Fibonacci Extensions /
[Long]: Exit price for NGD should be set @$12.04

New Gold has moved below the 161.8% level ($15.39) [Bullish]. Look for a long limit order entry near this point. Exit price for NGD should be set @$12.04 & Stoploss for New Gold should be set at $18.74

Accumulation / Distribution /
Recent trading signals New Gold is being accumulated

NGD: ADLINE Current Signal -> (1) 22 Jun: BULLISH (2) 21 Jun: BULLISH (3) 20 Jun: BULLISH

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The daily battle of control for New Gold was won by the buyers
Close Tod Vs Range Tod /
The daily battle of control for New Gold was won by the buyers

[BULLISH]: New Gold buyers are in control at the market close. This is the first day of buyer commitment for New Gold adding strength to an uptrend in the first timeframe & highlights the commitment of buyers to carry positions overnight. Over the last 12 months there has been 245 trading days with the closing price in the upper part of the range giving a confirmation ratio of 93.2%. Over the last month there has been 3 trading days with the closing price in the upper range giving a confirmation ratio of 20%. Currently this quarter, closing price has spent 39 days in the upper price range compared to 40 days in the lower range giving a ratio of 1x.

New Gold: Look for a long limit order entry @$2.065
Demarks Pivot Points /
New Gold: Look for a long limit order entry @$2.065

New Gold has broken the first DeMark resistance point ($2.0650) [Bullish]. Look for a long limit order entry near this point. Exit price for NGD should be set @$2.09 & Stoploss for New Gold should be set at $2.055

Bill Williams Market Facilitation /
[Fake Day]: MFI indicator is up, volume is down for New Gold

New Gold Currently is a confirmed Fake Day. MFI indicator is up, volume is down for NGD. Trend continuation possible for NGD from reduced trading activity.

Momentum /
Momentum continues to reduce for New Gold signalling a short term downtrend is likely

[BEARISH]: New Gold currently has negative momentum of -0.07 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is 2.5%.The largest downward momentum rally for the last 3 months is 9 days producing a return of -8.3%.

Moving Average Envelope /
Closing price for NGD is still below the lower envelope signalling a bullish movement

[BULLISH]: New Gold current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 2.09.

A short term Hook Reversal has formed with New Gold
Hook Reversal /
A short term Hook Reversal has formed with New Gold

[BULLISH]: A short term Hook Reversal has formed with New Gold which confirms the presence of a bullish bar reversal. Over the last 12 months there have been 2 occurrences of this bar reversal giving a signal probability of 0.8%.

Exponential Moving Average(5) signal continues for New Gold indicating downward price movement is likely
Exponential Moving Average /
Exponential Moving Average(5) signal continues for New Gold indicating downward price movement is likely

[BEARISH]: New Gold currently has a confirmed downtrend. Recent trading has caused the EMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is 2.5%.

Stochastic Oscillator /
Stochastic Oversold signal is still current for New Gold [Bullish]

[BULLISH]: New Gold is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.

Opening Price /
New Gold: Daily opening price is $2.04

[BULLISH]: New Gold opening price has gapped up. Currently, the OPEN is $2.04 (0.5 %).

Money Flow Index /
Price extreme has been signalled and is still active for New Gold

NGD: MFI Recent Trading -> (1) 22 Jun: 12.18 (2) 21 Jun: 9.29 (3) 20 Jun: 9.38

New Gold: Rate of Change (14)
Rate of Change /
New Gold: Rate of Change (14)

[BEARISH]: New Gold currently has negative rate of change of -7.175%. This means the current price is less than the price 14 days ago and therefore losing momentum & is a leading indicator of price movement in the downward direction

New Gold has signalled an Aroon trend present [Strong Downtrend]
Aroon Oscillator /
New Gold has signalled an Aroon trend present [Strong Downtrend]

[BEARISH]: New Gold has a current ARU(25) of 28 and a current ARD(25) of 96

New Gold is no longer oversold @ -90
Commodity Channel Index /
New Gold is no longer oversold @ -90

[NEUTRAL]: New Gold current trading has closed out Commodity Channel Index to oversold status and signalled the initiation of normal trading conditions. Currently, the CCI is -90. The previous bullish signal was active for 0 day. During the quarter, the lowest CCI value was -178.

Close Tod Vs Close Yest /
The biggest upward movement for New Gold this month has been 2.5

[BULLISH]: New Goldbuyers are currently keener than sellers and are driving the price up. This is the first day of price rise for NGD adding strength to an uptrend change in the first timeframe. The biggest upward movement this month has been 2.5 & the greatest daily positive change this year has been 7.6. The longest consecutive upswing rally over the last 12 months has been 1 days giving a total rally upward movement of 7.6%. This quarter, the largest upswing rally has been 1 days giving a total rally upward movement of 6.1%. The win ratio for price rise in the first timeframe for the last 12 months is 0.4x giving a total win/loss ratio of 0.8x. Over the last month the average daily upward movement has been 1.800000%

Woodie Pivot Point /
Stoploss for New Gold should be set at $2.029

New Gold current pivot point (Woodie) is: $2.064. The current resistance levels are: (R1) $2.088: (R2) $2.099The current support levels are: (S1) $2.053: (S2) $2.029

Medium Trend /
NGD: Medium term trend is still an Downtrend

NGD: Medium Term Current Signal -> (1) 22 Jun: BEARISH (2) 21 Jun: BEARISH (3) 20 Jun: BEARISH

Closing Price /
New Gold: Daily performance is 2.5 % [Uptrend]

NGD: CLOSE Current Signal -> (1) 22 Jun: BULLISH (2) 21 Jun: BEARISH (3) 20 Jun: BEARISH

New Gold: Current trading activity signals DVI accumulation is present
Daily Volume Index /
New Gold: Current trading activity signals DVI accumulation is present

[BULLISH]: New Gold current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 11206.

[Selling Pressure]: ERI has increased for New Gold during the last trading session
Elder Ray Index /
[Selling Pressure]: ERI has increased for New Gold during the last trading session

[BEARISH]: New Gold Elder Ray Index is signalling a Bearish movementERI is -0.076 indicating bear power. Prices are being driven below the consensus of value for NGD during the last trading session [Selling Pressure]

Chaikin Money Flow /
CMF highlights continued positive divergence for New Gold

[BULLISH]: New Gold current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.14. NGD The bullish signal has been active for 1 day. During the quarter, the highest CMF value was 0.29

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