Technical Analysis for NFGC - New Found Gold Corp

Grade Last Price % Change Price Change
F 3.48 -1.14% -0.04
NFGC closed down 1.14 percent on Friday, May 31, 2024, on approximately normal volume. 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
Stochastic Reached Oversold Weakness 0.00%
Down 3 Days in a Row Weakness 0.00%
Oversold Stochastic Weakness 0.00%
20 DMA Resistance Bearish -1.14%
MACD Bearish Centerline Cross Bearish -1.14%
Outside Day Range Expansion -1.14%
Fell Below 20 DMA Bearish -2.25%
Fell Below 50 DMA Bearish -2.25%
MACD Bearish Signal Line Cross Bearish -2.25%
NR7 Range Contraction -2.25%

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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 3.02
Average Volume 350,754
200-Day Moving Average 3.71
50-Day Moving Average 3.65
20-Day Moving Average 3.62
10-Day Moving Average 3.68
Average True Range 0.15
RSI (14) 43.18
ADX 14.97
+DI 23.53
-DI 23.24
Chandelier Exit (Long, 3 ATRs) 3.63
Chandelier Exit (Short, 3 ATRs) 3.83
Upper Bollinger Bands 3.89
Lower Bollinger Band 3.35
Percent B (%b) 0.25
BandWidth 14.94
MACD Line -0.02
MACD Signal Line 0.00
MACD Histogram -0.0197
Fundamentals Value
Market Cap 650.32 Million
Num Shares 187 Million
EPS -0.36
Price-to-Earnings (P/E) Ratio -9.67
Price-to-Sales 0.00
Price-to-Book 16.91
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 3.68
Resistance 3 (R3) 3.69 3.64 3.65
Resistance 2 (R2) 3.64 3.59 3.63 3.64
Resistance 1 (R1) 3.56 3.55 3.53 3.55 3.63
Pivot Point 3.50 3.50 3.49 3.50 3.50
Support 1 (S1) 3.42 3.45 3.40 3.41 3.33
Support 2 (S2) 3.37 3.42 3.36 3.32
Support 3 (S3) 3.29 3.37 3.31
Support 4 (S4) 3.28