Daily Smart Chart Technical Analysis on 2 Stocks – NGD & COPR

Company Overview:  New Gold Inc. (NYSE: NGD) is a Canadian intermediate gold mining company, which is engaged in the development and operation of mineral properties. The assets of the Company, directly or through its subsidiaries, comprise the New Afton Mine in British Columbia, Canada (New Afton) and the Rainy River Mine in Ontario, Canada (Rainy River). Coppernico Metals Inc. (TSX: COPR) is a Canada-based mineral exploration company. The Company is principally engaged in the acquisition and exploration of mineral property interests. The Company is focused on exploration and discovery of copper-gold deposits in the Americas. 

This Report covers the Price Action, Technical Indicators Analysis along with the Target Levels, Stop Loss Level, and Recommendations on these two stocks.

NGD’s Technical Observation

New Gold (NGD) is exhibiting an increasingly constructive technical posture on the 1-hour chart, with recent price action stabilising around USD 10.49 and beginning to consolidate after a corrective downswing from the late-January peak, suggesting sellers may be losing near-term control. Importantly, the stock is holding above the 21-period moving average (USD 10.13), which is acting as immediate dynamic support and indicates improving short-term trend resilience, while the 50-period moving average (USD 11.28) remains overhead and represents the primary technical supply zone that must be reclaimed to validate a higher-probability bullish continuation. Momentum conditions are also supportive of a tactically positive bias, with RSI recovering to ~48 and trending higher, consistent with a reset from oversold conditions into a neutral-to-improving regime rather than sustained distribution.

COPR’s Technical Observation

COPR is presenting a technically constructive, mildly bullish setup on the 2-hour chart, with price holding firm around CAD 0.485 and continuing to trade above both the 21-period moving average (CAD 0.460) and the 50-period moving average (CAD 0.412), confirming a supportive trend structure and indicating that pullbacks are being absorbed at higher levels. The broader pattern reflects a clear series of higher highs and higher lows since late-2025, with the recent pause appearing more consistent with consolidation after a strong advance rather than trend failure. Momentum remains favourable, with RSI near ~59.5—strong but not overstretched—suggesting the move retains underlying strength while still leaving room for further upside. Overall, provided COPR sustains above the CAD 0.46–0.45 support band, the technical bias remains tilted toward continuation, with the recent highs acting as the immediate breakout trigger for a renewed leg higher.

Markets are trading in a highly volatile zone currently due to certain macroeconomic issues and prevailing geopolitical tensions. Therefor it is prudent to follow a cautious approach while investing. 

Related Risks: This report may be looked at from a high-risk perspective, and recommendations are provided only for day trading purposes. Recommendations provided in this report are solely based on technical parameters, and the fundamental performance of the stocks has not been considered in the decision-making process. Other factors which could impact stock prices include market risks, regulatory risks, interest rates risks, currency risks, social and political instability risks etc.

Note 1: Entry Range: For the given recommendation(s), the Entry Range is based on considering a certain range (0.5% - 2%) above (in speculative buy case) or below (in sell case) of the previous day close price. A recommendation will be considered void if the prices do not test the given range levels for the particular day. 

Note 2: This report's recommendation(s) is purely for day trading purposes and position(s) will be considered closed automatically at the close price of the day in case no target or stop loss level is hit. It is advisable to follow the targets and stop-loss levels strictly and exit the position accordingly, as it may lead to limitless loss if the position is not taken care of with due diligence.

How to Read the Charts?

The green color line reflects the 21-period moving average, while the red line indicates the 50- period moving average. SMA helps to identify existing price trends. If the prices are trading above the 21-period and 50-period moving averages, then it shows prices are currently trading in a bullish trend. 

The black color line in the chart’s lower segment reflects the Relative Strength Index (14-Period), which indicates the strength of the price trend. A reading above 50 indicates a positive momentum, while below 50 indicates a negative momentum. A reading of 70 or above suggests overbought status, while a reading of 30 or below suggests an oversold status. 

The blue bars in the chart’s lower segment show the volume of the stock. The volume is the number of shares that changed hands during a given day. Stocks with high volumes are more liquid than stocks with lesser volumes, and higher liquidity in stocks helps in easier and faster execution of the order. 

Stop-loss: It is a level to protect further losses in case of unfavorable movement in the stock prices.

The reference date for all price data, currency, technical indicators, support, and resistance levels as on February 03, 2026. The reference data in this report has been partly sourced from REFINITIV.

Abbreviations

CMP: Current Market Price

SMA: Simple Moving Average

RSI: Relative Strength Index

USD: United States dollar

CAD: Canadian dollar 

Note: Trading decisions require a thorough analysis by individuals. The technical analysis reports generally chart out metrics that individuals may assess before any stock evaluation. The above are illustrative analytical factors used for evaluating the stocks; other parameters can be looked at along with additional risks per se. Past performance is neither an indicator nor a guarantee of future performance.