USA • New York Stock Exchange • NYSE:NEM • US6516391066
We assign a technical rating of 10 out of 10 to NEM. Both in the recent history as in the last year, NEM has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although NEM has an excellent technical rating, the quality of the presented setup is not ideal 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.
91.62
We found 3 important support 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 | NEUTRAL | NEUTRAL | The short term trend for NEM is neutral. |
| ChartMill Relative Strength | 97.01 | POSITIVE | NEM has a high relative strength, it outperformed 97.01% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of NEM is below the rising 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) | 51.65 | NEUTRAL | The RSI value for NEM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.87 | NEGATIVE | The MACD value suggests NEM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 18.36 | OVERSOLD | The low Stochastics value suggests NEM may be oversold. |
| Average True Range in percent/ATR (20) | 4.93 | MEDIUM VOLATILITY | The ATR as a percentage value for NEM suggests some volalility. |
| Average Directional Index/ADX (14) | 27.56 | POSITIVE | The high ADX value value for NEM suggests a strong trend. |
115.32
+6.79 (+6.26%)
ChartMill assigns a technical rating of 10 / 10 to NEM.
The current trend direction for NEWMONT CORP (NEM) is Bullish.
NEWMONT CORP (NEM) has an RSI value of 51.6499. This indicates that the stock is currently neutral.
The short term momentum for NEWMONT CORP (NEM) is neutral.