NEWMONT CORP (NEM) Technical Analysis
NYSE:NEM • US6516391066
Current stock price
102.1 USD
+2.74 (+2.76%)
At close:
102.21 USD
+0.11 (+0.11%)
After Hours:
NEM Technical Rating and Analysis
We assign a technical rating of 4 out of 10 to NEM. Although NEM 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.
- NEM is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- When comparing the yearly performance of all stocks, we notice that NEM is one of the better performing stocks in the market, outperforming 93% of all stocks. On top of that, NEM also shows a nice and consistent pattern of rising prices.
- NEM is part of the Metals & Mining industry. There are 159 other stocks in this industry. NEM outperforms 72% of them.
- NEM has an average volume of 11203300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- NEM 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 NEM is lagging the market slightly.
NEM Weekly and Daily overview Charts
NEM Setup Rating and Analysis
NEM has an average technical rating and it also does not offer a high quality setup 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
94.84
133.27
When analyzing the support we notice one important area.
- A support zone ranging from 95.80 to 96.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 102.11 to 102.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @131.95 from a horizontal line in the daily time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for NEM is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NEM is down. |
| ChartMill Relative Strength | 93.37 | POSITIVE | NEM has a high relative strength, it outperformed 93.37% 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) | DOWN | NEGATIVE | The current price of NEM is below 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) | 39.33 | NEUTRAL | The RSI value for NEM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.04 | NEGATIVE | The MACD value suggests NEM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 25.59 | NEUTRAL | The Stochastics value for NEM is a neutral value. |
| Average True Range in percent/ATR (20) | 5.37 | HIGH VOLATILITY | The high ATR as a percentage value for NEM suggests high volalility. |
| Average Directional Index/ADX (14) | 33.93 | POSITIVE | The high ADX value value for NEM suggests a strong 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
102.1
+2.74 (+2.76%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg2.76%
1 Week6.58%
2 Weeks-6.83%
1 Month-21.46%
3 Month-3.48%
6 Month19.77%
12 Month112.35%
2 Year184.88%
3 Year108.28%
5 Year69.4%
10 Year284.12%
15 Year87.06%
Volatility
ATR(14)4.9
ATR(20)%5.37%
ATR Inc-20.4%
Range Today4.99
ADR(20)4.31
ADR(20)%4.22%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.37
3 months CRS50.59
6 months CRS88.34
Mansfield2.79
10 Day High112.57
10 Day Low94.34
20 Day High131.98
20 Day Low94.34
52 Week High134.88
52 Week Low42.93
CS1 End96.92
CR1 Start102.11
Volume & EV
DER(3)0.35%
DER(5)0.35%
Volume9.67M
Volume Incr3.12%
Vol(5)12.07M
Vol(50)11.20M
NEWMONT CORP / NEM TA FAQ
Can you provide the ChartMill technical rating for NEWMONT CORP?
ChartMill assigns a technical rating of 4 / 10 to NEM.
What is the current trend direction of NEWMONT CORP (NEM) stock?
The current trend direction for NEWMONT CORP (NEM) is Bearish.
Can you provide the RSI signal for NEWMONT CORP?
NEWMONT CORP (NEM) has an RSI value of 39.3336. This indicates that the stock is currently neutral.
Can you provide the short term momentum for NEWMONT CORP?
The short term momentum for NEWMONT CORP (NEM) is negative.