NEWMONT CORP (NEM) Technical Analysis
NYSE:NEM • US6516391066
Current stock price
120.9 USD
+1.89 (+1.59%)
At close:
120.528 USD
-0.37 (-0.31%)
After Hours:
NEM Technical Rating and Analysis
We assign a technical rating of 9 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.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, NEM did better than 92% of all other stocks. On top of that, NEM also shows a nice and consistent pattern of rising prices.
- NEM is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so NEM is lagging the market slightly.
- In the last month NEM has a been trading in the 94.34 - 122.00 range, which is quite wide. It is currently trading near the high of this range.
- NEM has an average volume of 10842400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- NEM is an average performer in the Metals & Mining industry, it outperforms 69% of 158 stocks in the same industry.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
NEM Weekly and Daily overview Charts
NEM Setup Rating and Analysis
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.
More info and screens
NEM Support and Resistance Analysis
97.93
133.27
When analyzing the support we can see 2 important areas.
- A support zone ranging from 111.33 to 112.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 98.92 to 98.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 130.00 to 131.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
NEM 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 | UP | POSITIVE | The long term trend for NEM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NEM is up. |
| ChartMill Relative Strength | 92.24 | POSITIVE | NEM has a high relative strength, it outperformed 92.24% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NEM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of NEM is above a declining 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) | 63.23 | NEUTRAL | The RSI value for NEM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.35 | POSITIVE | The MACD value suggests NEM has a positive trend. |
| Stochastics (14,3) | 90.38 | OVERBOUGHT | The high Stochastics value suggests NEM may be overbought. |
| Average True Range in percent/ATR (20) | 4.07 | MEDIUM VOLATILITY | The ATR as a percentage value for NEM suggests some volalility. |
| Average Directional Index/ADX (14) | 22.99 | NEUTRAL | The ADX value for NEM suggests a possible start of a new trend. |
NEM Chart- and CandleStick Pattern Analysis
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
NEM Technicals: Chart, Performance Metrics, Trend & Indicators
120.9
+1.89 (+1.59%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg1.59%
1 Week6.01%
2 Weeks21.68%
1 Month5.61%
3 Month10.93%
6 Month42%
12 Month119.94%
2 Year197.49%
3 Year155.06%
5 Year93.72%
10 Year245.73%
15 Year106.28%
Volatility
ATR(14)4.56
ATR(20)%4.07%
ATR Inc-50.08%
Range Today2.4
ADR(20)3.98
ADR(20)%3.29%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.24
3 months CRS85.09
6 months CRS92.56
Mansfield3.79
10 Day High122
10 Day Low98.51
20 Day High122
20 Day Low94.34
52 Week High134.88
52 Week Low48.27
CS1 End112.83
CR1 Start130
Volume & EV
DER(3)0.76%
DER(5)0.25%
Volume6.54M
Volume Incr-43.42%
Vol(5)6.93M
Vol(50)10.84M
NEWMONT CORP / NEM TA FAQ
Can you provide the ChartMill technical rating for NEWMONT CORP?
ChartMill assigns a technical rating of 9 / 10 to NEM.
What is the current trend direction of NEWMONT CORP (NEM) stock?
The current trend direction for NEWMONT CORP (NEM) is Bullish.
What is the RSI signal for NEM stock?
NEWMONT CORP (NEM) has an RSI value of 63.2332. This indicates that the stock is currently neutral.
What is the MACD signal for NEM stock?
The MACD indicator for NEWMONT CORP (NEM) has a value of 2.34856, indicating a bullish trend.
What is the short term momentum for NEWMONT CORP (NEM) stock?
The short term momentum for NEWMONT CORP (NEM) is positive.