NGD
New Gold·AMEX
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6.79 / 10
Outperform
Technical analysis scores 6.79/10, with bullish signals from RSI Overbought and Bearish Engulfing outweighing the neutral Long Lower Shadow. The dominance of two bullish versus zero bearish indicators suggests near-term momentum, but the volatile pattern necessitates tight risk controls for traders.
Analysis Checks(2/3)
Long Lower Shadow
Score4.18/10
Win Rate50.00%
Hist. Signals18
Avg Return1.56%
Score4.18/10
Win Rate50.00%
Hist. Signals18
Avg Return1.56%
Bearish Engulfing
Score8.28/10
Win Rate88.89%
Hist. Signals9
Avg Return1.97%
Score8.28/10
Win Rate88.89%
Hist. Signals9
Avg Return1.97%
RSI Overbought
Score7.91/10
Win Rate63.16%
Hist. Signals38
Avg Return1.88%
Score7.91/10
Win Rate63.16%
Hist. Signals38
Avg Return1.88%
Long Lower Shadow
Score4.18/10
Win Rate50.00%
Hist. Signals18
Avg Return1.56%
Score4.18/10
Win Rate50.00%
Hist. Signals18
Avg Return1.56%
RSI Overbought
Score7.91/10
Win Rate63.16%
Hist. Signals38
Avg Return1.88%
Score7.91/10
Win Rate63.16%
Hist. Signals38
Avg Return1.88%
Bearish Engulfing
Score8.28/10
Win Rate88.89%
Hist. Signals9
Avg Return1.97%
Score8.28/10
Win Rate88.89%
Hist. Signals9
Avg Return1.97%
Technical Analysis of NGD?
- NGD presents a Outperform setup with a Technical Score of 6.79/10. Key technical indicators highlight an RSI of 51.12 and a MACD of -0.61, with the trend anchored by the 50-Day SMA at 9.51. Traders should monitor key support at 9.20 and resistance at 9.90.
