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New Found Gold Corp.

NFGC Technical Analysis Summary (AMEX)

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

NFGC●AMEX
Basic MaterialsGold
$1.86
$0.10(5.68%)
U.S. Market opens in 13h 17m

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 Technical Analysis Summary (AMEX)

New Found Gold Corp. (AMEX: NFGC) stock currently shows a bullish trend on the AMEX, supported by momentum and strong buying pressure.

Overall Sentiment:Buy
Momentum:Neutral to Bullish (RSI: 57.22)
Trend Strength:Moderate (ADX: 25.41)
Volatility:High (ATR: 0.10)
Support/Resistance:$1.60 – $2.02 (Bollinger Bands)

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

Momentum Indicators

RSI (14): 57.22

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 61.57

Bullish
Buying momentum building without extremes.

Williams %R: -26.39

Bullish
Buying pressure building steadily.

Rate of Change (ROC): 7.18

Strongly Bullish
Strong upside momentum.

Takeaway:New Found Gold Corp. shows strong bullish momentum, with buyers firmly in control.

Trend & Volatility

MACD: 0.02

Bullish
Bullish, trend momentum is strengthening.

ADX: 25.41

Moderate
Moderate trend, direction gaining strength.

ATR (14): 0.10

Low
Low volatility, stable price action.

CCI (14): 64.87

Bullish
Bullish, momentum building upward.

Takeaway:New Found Gold Corp. shows a firm trend supported by momentum, though one signal suggests caution.

Support & Resistance indicators
Bollinger Bands
Upper Band
$2.02
Middle Band (SMA 20)
$1.81
Lower Band
$1.60
Current Position
Within Bands

Takeaway:New Found Gold Corp. trades closer to resistance, supported by stronger momentum within bands.

Keltner Channels
Upper Channel
$1.97
Middle Line (EMA 20)
$1.77
Lower Channel
$1.57
Squeeze Status
No Squeeze

Takeaway:New Found Gold Corp. trades above the trend line, showing healthy momentum within the channel.

Volume & Money Flow Analysis
On-Balance Volume8.23M
Money Flow Index61.22Bullish, inflows support continued momentum.
Relative Vigor Index48.80Neutral to Bearish, sellers hold a slight edge.

Overall Takeaway:NFGC shows mixed signals in money flow analysis.

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

Bullish Signals

RSI above 50 → positive momentum from buyers.

MACD above 0 → bullish trend confirmation.

ADX above 20 → strong underlying trend.

Price trading above middle Bollinger Band → mid-term support intact.

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

Bearish Signals

MACD below signal line → short-term caution on momentum.

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.

(AMEX: NFGC) Technical Analysis FAQ