After Fridays close (today), here you got a great example of how well a MACD indicator can work for you.

This shorter term pic of New Gold Inc (Not Canada main listing, but USA quote) demonstrates how a higher MACD bar signals strength to the prices (a lower MACD bar signals weakness to the prices). Only by following the MACD development higher or lower mabe you will have a good grab of what's next?   :-)

After a prolonged period in one direction, MACD levels and prices will most likely correct for a shorter or longer period.

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2021-05-28 23:01 | MACD indicator, New Gold Inc