Technical Analysis for NFGC - New Found Gold Corp

Grade Last Price % Change Price Change
F 1.65 -7.30% -0.13
NFGC closed down 7.3 percent on Wednesday, November 20, 2024, on 2.67 times normal volume. The bears made the stock sink to a new 52-week low. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Down

Date Alert Name Type % Chg
New 52 Week Closing Low Bearish 0.00%
New 52 Week Low Weakness 0.00%
Wide Bands Range Expansion 0.00%
Below Lower BB Weakness 0.00%
Down 3 Days in a Row Weakness 0.00%
Down 4 Days in a Row Weakness 0.00%
Lower Bollinger Band Touch Weakness 0.00%
Oversold Stochastic Weakness 0.00%
New 52 Week Closing Low Bearish -7.30%
New 52 Week Low Weakness -7.30%

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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 4.1492
52 Week Low 1.59
Average Volume 599,600
200-Day Moving Average 3.02
50-Day Moving Average 2.40
20-Day Moving Average 2.12
10-Day Moving Average 1.95
Average True Range 0.14
RSI (14) 25.93
ADX 24.29
+DI 14.03
-DI 35.79
Chandelier Exit (Long, 3 ATRs) 2.34
Chandelier Exit (Short, 3 ATRs) 2.02
Upper Bollinger Bands 2.58
Lower Bollinger Band 1.66
Percent B (%b) -0.01
BandWidth 43.55
MACD Line -0.19
MACD Signal Line -0.15
MACD Histogram -0.0413
Fundamentals Value
Market Cap 308.34 Million
Num Shares 187 Million
EPS -0.36
Price-to-Earnings (P/E) Ratio -4.58
Price-to-Sales 0.00
Price-to-Book 16.91
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 1.89
Resistance 3 (R3) 1.90 1.82 1.85
Resistance 2 (R2) 1.82 1.76 1.82 1.84
Resistance 1 (R1) 1.74 1.72 1.70 1.73 1.82
Pivot Point 1.66 1.66 1.65 1.66 1.66
Support 1 (S1) 1.58 1.60 1.54 1.57 1.48
Support 2 (S2) 1.50 1.56 1.50 1.46
Support 3 (S3) 1.42 1.50 1.45
Support 4 (S4) 1.41