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Stock Trend Analysis Report
Prepared for you on Monday, October 2, 2023.
New Gold Inc. (AMEX:NGD)
Long-Term Downtrend (-90) - NGD is in a strong downtrend that is likely to continue. While NGD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid NGD?
MarketClub looks at technical strength and momentum to determine if the timing is right for NGD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for NGD
The long-term trend has been DOWN since Aug 10th, 2023 at 1.0100
The intermediate-term trend has been DOWN since Aug 8th, 2023 at 1.0500
The short-term trend has been DOWN since Sep 21st, 2023 at 1.0092
Smart Scan Analysis for NGD
Based on our trend formula, NGD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.9411 | 0.9599 | 0.8900 | 0.9137 | -0.0220 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.9101 | 3229111 | 2023-09-29 16:00:00 |
| Year High | 3.56 | Year High Date | 2018-01-04 |
| Year Low | 0.695 | Year Low Date | 2018-10-24 |
| 52wk High | 1.48 | 52wk High Date | 2023-05-09 |
| 52wk Low | 0.808 | 52wk Low Date | 2022-11-03 |
| Year End Close | 11.03 | Average Volume | 1,384,413 |
| Shares Outstanding | 675,957 | Short Interest | 1,233,673 |
| % Institutional | 77.6 | Market Cap | 814M |
| Assets | 224,350,000M | Liabilities | 128,400,000M |
| P/E Ratio | 6.4147 | Beta | 0.1 |
| Volatility | 67.02 |