Technical Analysis for NFGC - New Found Gold Corp

Grade Last Price % Change Price Change
F 2.74 -0.36% -0.01
NFGC closed down 0.36 percent on Wednesday, July 3, 2024, on 1.45 times normal volume. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Down

Date Alert Name Type % Chg
New 52 Week Closing Low Bearish 0.00%
Down 3 Days in a Row Weakness 0.00%
Down 4 Days in a Row Weakness 0.00%
Down 5 Days in a Row Weakness 0.00%
Oversold Stochastic Weakness 0.00%
New 52 Week Closing Low Bearish -0.36%
New Downtrend Bearish -0.36%
New 52 Week Low Weakness -0.36%
Down 3 Days in a Row Weakness -0.36%
Down 4 Days in a Row Weakness -0.36%

   Recent Intraday Alerts

Alert Time
60 Minute Opening Range Breakdown about 8 hours ago
Rose Above Previous Day's High about 8 hours ago
2x Volume Pace about 8 hours ago
1.5x Volume Pace about 8 hours ago
Up 3% about 8 hours ago

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Profile

New Found holds a 100% interest in the Queensway Project, located 15km west of Gander, Newfoundland, and just 18km from Gander International Airport. The project is intersected by the Trans-Canada Highway and has logging roads crosscutting the project, high voltage electric power lines running through the project area, and easy access to a highly skilled workforce. The Company is currently undertaking a 200,000m drill program at Queensway. Nine rigs are currently in operation at Queensway. With a current working capital balance of approximately $111 million, New Found is well funded for this program.
Classification

Sector: Basic Materials
Industry: Gold
Keywords: Mining Gold

Is NFGC a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 5.27
52 Week Low 2.68
Average Volume 303,777
200-Day Moving Average 3.57
50-Day Moving Average 3.40
20-Day Moving Average 3.08
10-Day Moving Average 2.90
Average True Range 0.14
RSI (14) 27.54
ADX 27.03
+DI 11.81
-DI 31.84
Chandelier Exit (Long, 3 ATRs) 3.13
Chandelier Exit (Short, 3 ATRs) 3.11
Upper Bollinger Bands 3.53
Lower Bollinger Band 2.64
Percent B (%b) 0.11
BandWidth 28.86
MACD Line -0.19
MACD Signal Line -0.17
MACD Histogram -0.0259
Fundamentals Value
Market Cap 512.03 Million
Num Shares 187 Million
EPS -0.36
Price-to-Earnings (P/E) Ratio -7.61
Price-to-Sales 0.00
Price-to-Book 16.91
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 2.98
Resistance 3 (R3) 3.00 2.93 2.94
Resistance 2 (R2) 2.93 2.87 2.92 2.93
Resistance 1 (R1) 2.84 2.83 2.80 2.82 2.91
Pivot Point 2.77 2.77 2.76 2.76 2.77
Support 1 (S1) 2.68 2.71 2.65 2.66 2.57
Support 2 (S2) 2.61 2.67 2.61 2.55
Support 3 (S3) 2.52 2.61 2.54
Support 4 (S4) 2.50