New Gold Stock Technical Analysis
| NGD Stock | USD 3.04 0.15 5.19% |
As of the 30th of January, New Gold secures the Risk Adjusted Performance of 0.0152, downside deviation of 2.96, and Mean Deviation of 2.22. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of New Gold, as well as the relationship between them. Please verify New Gold value at risk, as well as the relationship between the semi variance and kurtosis to decide if New Gold is priced some-what accurately, providing market reflects its recent price of 3.04 per share. Given that New Gold has jensen alpha of 0.0051, we recommend you to check New Gold's last-minute market performance to make sure the company can sustain itself at a future point.
New Gold Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as New, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to NewNew |
New Gold Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 3.37 | Buy | 10 | Odds |
Most New analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand New stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of New Gold, talking to its executives and customers, or listening to New conference calls.
New Gold technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
New Gold Technical Analysis
The output start index for this execution was thirty with a total number of output elements of thirty-one. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of New Gold volatility. High ATR values indicate high volatility, and low values indicate low volatility.
New Gold Trend Analysis
Use this graph to draw trend lines for New Gold. You can use it to identify possible trend reversals for New Gold as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual New Gold price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.New Gold Best Fit Change Line
The following chart estimates an ordinary least squares regression model for New Gold applied against its price change over selected period. The best fit line has a slop of 0.0008 , which may imply that New Gold will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 0.03, which is the sum of squared deviations for the predicted New Gold price change compared to its average price change.About New Gold Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of New Gold on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of New Gold based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on New Gold price pattern first instead of the macroeconomic environment surrounding New Gold. By analyzing New Gold's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of New Gold's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to New Gold specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2022 | 2023 | 2024 | 2025 (projected) | Days Sales Outstanding | 2.66 | 4.73 | 5.44 | 5.17 | PTB Ratio | 0.7 | 1.27 | 1.46 | 1.39 |
New Gold January 30, 2025 Technical Indicators
Most technical analysis of New help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for New from various momentum indicators to cycle indicators. When you analyze New charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0152 | |||
| Market Risk Adjusted Performance | 0.1133 | |||
| Mean Deviation | 2.22 | |||
| Semi Deviation | 2.66 | |||
| Downside Deviation | 2.96 | |||
| Coefficient Of Variation | 10465.54 | |||
| Standard Deviation | 3.0 | |||
| Variance | 9.0 | |||
| Information Ratio | (0.02) | |||
| Jensen Alpha | 0.0051 | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.1033 | |||
| Maximum Drawdown | 13.8 | |||
| Value At Risk | (5.26) | |||
| Potential Upside | 5.53 | |||
| Downside Variance | 8.74 | |||
| Semi Variance | 7.1 | |||
| Expected Short fall | (2.74) | |||
| Skewness | 0.0751 | |||
| Kurtosis | 0.3904 |
New Gold January 30, 2025 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as New stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 728,020 | ||
| Daily Balance Of Power | 0.88 | ||
| Rate Of Daily Change | 1.05 | ||
| Day Median Price | 2.98 | ||
| Day Typical Price | 3.00 | ||
| Price Action Indicator | 0.14 |
Complementary Tools for New Stock analysis
When running New Gold's price analysis, check to measure New Gold's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy New Gold is operating at the current time. Most of New Gold's value examination focuses on studying past and present price action to predict the probability of New Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move New Gold's price. Additionally, you may evaluate how the addition of New Gold to your portfolios can decrease your overall portfolio volatility.
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