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    Technical Analysis for NFG - New Found Gold Corp

    Grade Last Price % Change Price Change
    F 2.295 -7.46% -0.185
    NFG closed down 5.34 percent on Tuesday, November 19, 2024, on 1.31 times normal volume. The bears made the stock sink to a new 52-week low. 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
    Historical NFG trend table...
    Date Alert Name Type % Chg
    New 52 Week Closing Low Bearish -7.46%
    New Downtrend Bearish -7.46%
    New 52 Week Low Weakness -7.46%
    Wide Bands Range Expansion -7.46%
    Oversold Stochastic Weakness -7.46%
    Outside Day Range Expansion -12.40%
    Wide Bands Range Expansion -12.40%
    Gapped Up Strength -12.40%
    Oversold Stochastic Weakness -12.40%
    Calm After Storm Range Contraction -12.07%
    Older End-of-Day Signals for NFG ...

       Recent Intraday Alerts

    Alert Time
    Down 1 ATR about 1 hour ago
    3x Volume Pace about 1 hour ago
    Fell Below Previous Day's Low about 2 hours ago
    2x Volume Pace about 2 hours ago
    Down 5% about 2 hours ago
    View Earlier Intraday Alerts

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    Profile

    New Found Gold Corp., a mineral exploration company, engages in the identification, acquisition, and exploration of mineral properties in the Provinces of Newfoundland and Labrador and Ontario, Canada. The company primarily explores for gold deposit. It holds an interest in the Queensway project comprising 86 mineral licenses and 6,041 claims that covers an area of 151,030 hectares of land located near Gander, Newfoundland. The company was formerly known as Palisade Resources Corp. and changed its name to New Found Gold Corp. in June 2017. New Found Gold Corp. was founded in 2016 and is headquartered in Vancouver, Canada.
    Classification
    Sector: Basic Materials
    Industry: Gold
    Keywords: Mineral Gold Mineral Properties Mineral Exploration Identification Atlantic Canada Gander

    Is NFG a Buy, Sell or Hold?

    Indicator Bull Case Neutral / Hold Bear Case
    50 DMA
    200 DMA
    ADX Trend
    Oversold / Overbought
    Relative Strength
    Counts: 0 bullish, 4 bearish and 1 neutral indicators. You may wish to incorporate that into your trading strategies.

    Recent News

    Date Title
    Nov 6 NEW FOUND ANNOUNCES INITIATION OF MAIDEN RESOURCE AND PRELIMINARY ECONOMIC ASSESSMENT FOR THE QUEENSWAY PROJECT
    Nov 1 NEW FOUND REPORTS POSITIVE PHASE II METALLURGICAL TEST RESULTS DEMONSTRATING 97% GOLD EXTRACTION AT ICEBERG AND ICEBERG EAST
    Jul 30 New Found Announces Acquisition of Royalty Interests Underlying Keats South and Several Additional Zones at Queensway
    Jul 11 New Found Intercepts Nine New Gold Zones Spanning 3km in Strike, Doubles Known Vertical Extent of Gold Mineralization to 820m Depth at Queensway
    Jul 9 New Found Completes Acquisition of Labrador Gold’s Kingsway Project
    Jul 3 New Found Commences Surface Trenching at Iceberg
    Jun 26 New Found Gold Corp. (NFGC) Loses -23.16% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner
    Jun 19 All You Need to Know About New Found Gold Corp. (NFGC) Rating Upgrade to Buy
    Jun 11 New Found Provides Update on Deep Drilling Program, Engages Devico Directional Drilling Services at Queensway
    Jun 9 New Found Gold Corp.'s (CVE:NFG) top owners are retail investors with 49% stake, while 24% is held by public companies
    See more NFG news...

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    Indicators

    Indicator Value
    52 Week High 5.71
    52 Week Low 2.47
    Average Volume 276,913
    200-Day Moving Average 4.144
    50-Day Moving Average 3.327
    20-Day Moving Average 3.004
    10-Day Moving Average 2.783
    Average True Range 0.183
    RSI (14) 30.56
    ADX 25.54
    +DI 14.227
    -DI 31.289
    Chandelier Exit (Long, 3 ATRs) 3.341
    Chandelier Exit (Short, 3 ATRs) 3.019
    Upper Bollinger Bands 3.597
    Lower Bollinger Band 2.410
    Percent B (%b) 0.06
    BandWidth 39.501
    MACD Line -0.229
    MACD Signal Line -0.181
    MACD Histogram -0.0487
    Fundamentals Value
    Market Cap 352.28 Million
    Num Shares 142 Million
    EPS 0.01
    Price-to-Earnings (P/E) Ratio 206.67
    Price-to-Sales 0.00
    Price-to-Book 0.00
    Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
    Resistance 4 (R4) 2.720
    Resistance 3 (R3) 2.743 2.687 2.680
    Resistance 2 (R2) 2.687 2.626 2.675 2.667
    Resistance 1 (R1) 2.583 2.588 2.555 2.560 2.653
    Pivot Point 2.527 2.527 2.513 2.515 2.527
    Support 1 (S1) 2.423 2.466 2.395 2.400 2.307
    Support 2 (S2) 2.367 2.428 2.355 2.293
    Support 3 (S3) 2.263 2.367 2.280
    Support 4 (S4) 2.240