Meyka Pro is live. Get 50% off your first 3 months.Get Started →
Meyka Pro banner
New Found Gold Corp

NFGC.TO Technical Analysis Summary (TSX)

Analyze NFGC.TO on the TSX with RSI, MACD, ADX, Bollinger Bands, support, resistance, momentum, and the latest technical trading signals.

NFGC.TO●TSX
Basic MaterialsGold
$2.19
$0.18(7.59%)
Canadian Market opens in 10h 40m

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

NFGC.TO Technical Analysis Summary (TSX)

New Found Gold Corp (TSX: NFGC.TO) stock currently shows a neutral trend on the TSX, supported by momentum and balanced buying pressure.

Overall Sentiment:Neutral
Momentum:Neutral to Bearish (RSI: 44.08)
Trend Strength:Weak (ADX: 19.88)
Volatility:High (ATR: 0.13)
Support/Resistance:$2.06 – $2.49 (Bollinger Bands)

Technical conditions suggest New Found Gold Corp on the TSX is awaiting a decisive move. Overall, New Found Gold Corp remains neutral, with indicators showing mixed momentum.

Momentum Indicators

RSI (14): 44.08

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 68.84

Bullish
Buying momentum building without extremes.

Williams %R: -54.35

Neutral
Balanced market without strong signals.

Rate of Change (ROC): -4.37

Bearish
Selling pressure outweighs buying.

Takeaway:New Found Gold Corp shows neutral momentum, with indicators pointing to indecision.

Trend & Volatility

MACD: -0.02

Bearish
Bearish, trend momentum is strengthening to the downside.

ADX: 19.88

Weak
Weak trend, market trading sideways.

ATR (14): 0.13

Low
Low volatility, stable price action.

CCI (14): -3.73

Neutral
Neutral, no strong directional signal.

Takeaway:New Found Gold Corp shows a neutral trend, with weak conviction and limited volatility.

Support & Resistance indicators
Bollinger Bands
Upper Band
$2.49
Middle Band (SMA 20)
$2.28
Lower Band
$2.06
Current Position
Within Bands

Takeaway:New Found Gold Corp trades closer to support, showing weaker momentum within bands.

Keltner Channels
Upper Channel
$2.53
Middle Line (EMA 20)
$2.28
Lower Channel
$2.02
Squeeze Status
Squeeze On

Takeaway:New Found Gold Corp trades below the trend line, showing weaker momentum inside the channel.

Volume & Money Flow Analysis
On-Balance Volume-444.21K
Money Flow Index43.67Neutral, balanced money flows with no clear signal.
Relative Vigor Index42.79Neutral to Bearish, sellers hold a slight edge.

Overall Takeaway:NFGC.TO shows balanced money flow with a slight bearish tilt.

Technical Trading Signals Summary
Based on the current technical analysis of New Found Gold Corp (TSX: NFGC.TO), here are the key trading signals and recommendations:

Bullish Signals

MFI below 80 → room for more buying without overbought risk.

Bearish Signals

RVI below 50 → vigor tilted toward sellers.

Overall Recommendation:Technical indicators for New Found Gold Corp are mixed, suggesting a Hold or wait-and-see approach.

(TSX: NFGC.TO) Technical Analysis FAQ