In the meantime, BofA Securities upgraded its New Gold Inc [NGD] rating to a Buy from a an Underperform in a research note published on March 26, 2025; the price target was increased to $3.90 from $2.60. TD Securities also remained covering NGD and has increased its forecast on May 21, 2024 with a “Hold” recommendation from previously “Sell” rating. Scotiabank revised its rating on May 21, 2024. It rated NGD as “a Sector outperform” which previously was an “a Sector perform”.
Price Performance Review of NGD
On Monday, New Gold Inc [AMEX:NGD] saw its stock jump 2.34% to $3.93. Over the last five days, the stock has gained 16.62%. New Gold Inc shares have risen nearly 58.47% since the year began. Nevertheless, the stocks have risen 107.94% over the past one year. While a 52-week high of $3.98 was reached on 04/30/25, a 52-week low of $1.74 was recorded on 01/02/25. SMA at 50 days reached $3.30, while 200 days put it at $2.85.
Levels Of Support And Resistance For NGD Stock
The 24-hour chart illustrates a support level at 3.84, which if violated will result in even more drops to 3.76. On the upside, there is a resistance level at 4.00. A further resistance level may holdings at 4.07. The Relative Strength Index (RSI) on the 14-day chart is 63.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.25, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 7.24%. Stochastics %K at 85.84% indicates the stock is a selling.
