Should You Buy New Gold Inc (NGD) Today? Analysis, Price Targets, and 2026 Outlook.
Analysis Updated At
2026/01/26
New Gold Inc (NGD) is not a strong buy at this moment for a beginner investor with a long-term horizon. While the company has demonstrated strong financial performance and positive technical indicators, the impending acquisition by Coeur Mining introduces uncertainty, as the stock is no longer trading on fundamentals. Additionally, the overbought RSI suggests a potential pullback in the short term. Given the investor's background and preference for long-term stability, it is better to hold off on buying until post-acquisition clarity emerges.
Technical Analysis
The technical indicators are bullish, with the MACD histogram positively expanding, RSI at 92.395 indicating overbought conditions, and moving averages showing a bullish trend (SMA_5 > SMA_20 > SMA_200). However, the RSI suggests the stock may be overextended in the short term. Key resistance levels are at R1: 12.516 and R2: 13.314, while support levels are at S1: 9.934 and S2: 9.136.
