New Gold Inc. (NGD) Stock Price & Analysis
Market: AMEX • Sector: Basic Materials • Industry: Gold
New Gold Inc. (NGD) Profile & Business Summary
New Gold Inc., an intermediate gold mining company, engages in the exploration, development, and operation of mineral properties. It primarily explores for gold, silver, and copper deposits. The company's principal operating properties include 100% interests in the Rainy River mine located in Ontario, Canada; and New Afton mine situated in British Columbia, Canada. It also operates the Cerro San Pedro mine in San Luis Potosí, Mexico. The company was incorporated in 1980 and is headquartered in Toronto, Canada.
Key Information
| Ticker | NGD |
|---|---|
| Leadership | Patrick Godin Asc. |
| Exchange | AMEX |
| Official Site | https://www.newgold.com |
Market Trend Overview for NGD
One model, two time views: what the market looks like right now, and where the larger trend is heading over time.
This model looks at how prices behave over time to describe the current market environment. It focuses on whether price is moving steadily, stalling, or losing momentum, and checks both short-term and weekly trends for confirmation. The goal is not to predict exact prices, but to help understand when conditions are supportive, risky, or unclear.
Current Market Context (Short-Term)
As of 2026-02-06 (ET), NGD has no clear direction right now. Price at 10.57 is close to support near 8.29. Moves may slow down, and resistance is near 13.63. View Support & Resistance from Options
Why the market looks this way?
Recent price signals are mixed and do not point clearly in one direction. This makes the current environment harder to read until a clearer move appears.
Longer-Term Market Trend (Mid to Long Term)
Shows the bigger market trend, how strong it is, and where risks may start to build over the next few weeks or months. — Updated as of 2026-02-06 (ET)
As of 2026-02-06, NGD is showing signs of slowing down. Over the longer term, the trend remains bullish.
NGD last closed at 10.57. The price is about 3.8 ATR below its recent average price (11.29), and the market is currently in a trend that may be losing strength.
The broader uptrend is still intact, but price has moved far from its recent average, increasing the risk of a pullback.
Trend score: 55 out of 100. Overall alignment is unclear. The market is currently in a late-stage trend that may be losing strength. The longer-term trend is still positive, but short-term signals are not yet confirming it.
Price is far from its recent average (about 3.8 ATR away). Chasing the move at this level carries a higher risk of a pullback.
A key downside level is near 8.40. If price falls below this area, the current upward trend would likely weaken or break.
On 2026-02-02, trend conditions deteriorated, suggesting that moves in the prior direction became less dependable.
[2026-01-15] Price moved quickly and looked strong, but participation was limited.
Recent bars show mixed price behavior without a clear shift in structural quality or efficiency.
There was no clear sign of meaningful positions being carried into the overnight session.
Short Interest & Covering Risk for NGD
This analysis looks at overall short interest positioning, focusing on the broader setup rather than short-term noise.
Shows how likely a short squeeze may be under current market conditions.
Short Exposure Percentile
Short interest is relatively low, indicating limited pressure from short positions. (Historical percentile: 35%)
Structure Analysis
NGD Short positioning looks normal. Current days to cover is 1.1 trading days, meaning short positions could unwind at a normal pace. Short covering is likely to have a normal impact on price moves.
Bull Trap Structural Risk
No clear bull trap characteristics detected. Recent price behavior remains broadly consistent with current positioning.This reading helps confirm that current price action remains structurally healthy and does not indicate elevated trap risk.
In the latest reporting period, short interest continues to increase. As a result, similar news or market events could lead to price moves about 1× larger than usual.
Note:
Short interest data is reported every two weeks by
FINRA.
The most recent snapshot is
2026-01-15 (ET).
Because this data updates slowly, it is not intended to predict short-term price moves. Instead, it helps describe longer-term market structure and where pressure may be building if prices begin to move.