Newcrest Mining Limited (NCM.CA) Technical Analysis
TSX:NCM • AU000000NCM7
Current stock price
NCM.CA Technical Rating and Analysis
Overall NCM gets a technical rating of 2 out of 10. Although NCM is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- In the last month NCM has a been trading in the 20.24 - 23.74 range, which is quite wide. It is currently trading near the lows of this range.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- When comparing the yearly performance of all stocks, we notice that NCM is one of the better performing stocks in the market, outperforming 86% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
- NCM is part of the Metals & Mining industry. There are 795 other stocks in this industry, NCM did better than 66% of them.
- NCM is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so NCM is lagging the market slightly.
- Volume is considerably higher in the last couple of days.
NCM.CA Weekly and Daily overview Charts
NCM.CA Setup Rating and Analysis
NCM has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
NCM.CA Support and Resistance Analysis
19.91
When analyzing the support we notice one important area.
- A support zone ranging from 20.11 to 20.24. This zone is formed by a combination of multiple trend lines in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 23.25 to 23.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @26.79 from a horizontal line in the weekly time frame.
NCM.CA Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for NCM.CA is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NCM.CA is down. |
| ChartMill Relative Strength | 86.39 | POSITIVE | NCM.CA has a high relative strength, it outperformed 86.39% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NCM.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NCM.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NCM.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37.92 | NEUTRAL | The RSI value for NCM.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests NCM.CA has a negative trend. |
| Stochastics (14,3) | 8.32 | OVERSOLD | The low Stochastics value suggests NCM.CA may be oversold. |
| Average True Range in percent/ATR (20) | 3.08 | MEDIUM VOLATILITY | The ATR as a percentage value for NCM.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 17.96 | NEGATIVE | The low ADX value for NCM.CA suggests a weak or negative trend. |
NCM.CA Chart- and CandleStick Pattern Analysis
NCM.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX:NCM (10/26/2023, 7:00:00 PM)
20.65
+0.41 (+2.03%)
Newcrest Mining Limited / NCM.CA TA FAQ
What is the technical rating for NCM stock?
ChartMill assigns a technical rating of 1 / 10 to NCM.CA.
Can you provide the trend direction for Newcrest Mining Limited?
The current trend direction for Newcrest Mining Limited (NCM.CA) is Bearish.
What is the RSI signal for Newcrest Mining Limited (NCM.CA) stock?
Newcrest Mining Limited (NCM.CA) has an RSI value of 37.9201. This indicates that the stock is currently neutral.
What is the MACD signal for NCM stock?
The MACD indicator for Newcrest Mining Limited (NCM.CA) has a value of -0.184877, indicating a bearish trend.
What is the short term momentum for NCM stock?
The short term momentum for Newcrest Mining Limited (NCM.CA) is negative.