USA - NYSE:NEM - US6516391066 - Common Stock
Overall NEM gets a technical rating of 8 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Although NEM has an excellent technical rating, it does not present a decent entry opportunity 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.
43.96
When analyzing the support we can see 5 important areas.
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 | UP | POSITIVE | The long term trend for NEM is up. | 
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NEM is down. | 
| ChartMill Relative Strength | 92.3 | POSITIVE | NEM has a high relative strength, it outperformed 92.3% off all stocks on the market. | 
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NEM is below a declining SMA(20). | 
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NEM is above the rising SMA(50). | 
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NEM is above the rising SMA(200). | 
| Relative Strength Index/RSI (14) | 46.55 | NEUTRAL | The RSI value for NEM is a neutral value. | 
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.65 | NEGATIVE | The MACD value suggests NEM has a negative trend, although the MACD value is rising. | 
| Stochastics (14,3) | 19.5 | OVERSOLD | The low Stochastics value suggests NEM may be oversold. | 
| Average True Range in percent/ATR (20) | 5.18 | HIGH VOLATILITY | The high ATR as a percentage value for NEM suggests high volalility. | 
| Average Directional Index/ADX (14) | 29.08 | POSITIVE | The high ADX value value for NEM suggests a strong trend. | 
82.31
+2.64 (+3.31%)
ChartMill assigns a technical rating of 8 / 10 to NEM.
The current trend direction for NEWMONT CORP (NEM) is Bullish.
NEWMONT CORP (NEM) has an RSI value of 46.5453. This indicates that the stock is currently neutral.
The MACD indicator for NEWMONT CORP (NEM) has a value of -1.64644, indicating a bearish trend.
The buy/sell signal for NEWMONT CORP (NEM) is hold as the short term and long term trends are mixed.