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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.

Open High Low NGD Price Change
0.9411 0.9599 0.8900 0.9137 -0.0220
Entry Signal

MarketClub’s Trade Triangles for NGD

long term down The long-term trend has been DOWN since Aug 10th, 2023 at 1.0100

intermediate term down The intermediate-term trend has been DOWN since Aug 8th, 2023 at 1.0500

short term down 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).

Smart Scan Analysis for NGD
Strong Downtrend Sideways 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 High3.56Year High Date2018-01-04
Year Low0.695Year Low Date2018-10-24
52wk High1.4852wk High Date2023-05-09
52wk Low0.80852wk Low Date2022-11-03
Year End Close11.03Average Volume1,384,413
Shares Outstanding675,957Short Interest1,233,673
% Institutional77.6Market Cap814M
P/E Ratio6.4147Beta0.1
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