NEWMONT CORP (NEM) Stock Technical Analysis
NYSE:NEM - US6516391066 - Common Stock
70.09 USD
+1.09 (+1.58%)
69.41 USD
-0.68 (-0.97%)
Overall NEM gets a technical rating of 10 out of 10. 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.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that NEM is one of the better performing stocks in the market, outperforming 88% of all stocks.
A new 52 week high is currently being made by NEM, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month NEM has a been trading in the 61.76 - 70.76 range, which is quite wide. It is currently trading near the high of this range.
NEM has an average volume of 11603700 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 61% of 156 stocks in the same industry.
NEM has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 67.38, a Stop Loss order could be placed below this zone.
More info and screens
42.48
70.80
We found 5 important support areas.
- A support zone ranging from 66.93 to 67.38. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 62.03 to 63.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @58.68 from a trend line in the weekly time frame.
- Support @54.67 from a trend line in the daily time frame.
- Support @42.91 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 70.10 to 70.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 88.89 | POSITIVE | NEM has a high relative strength, it outperformed 88.89% 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) | 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) | 67.43 | NEUTRAL | The RSI value for NEM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests NEM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 80.62 | OVERBOUGHT | The high Stochastics value suggests NEM may be overbought. |
| Average True Range in percent/ATR (20) | 2.72 | MEDIUM VOLATILITY | The ATR as a percentage value for NEM suggests some volalility. |
| Average Directional Index/ADX (14) | 29.45 | POSITIVE | The high ADX value value for NEM suggests a strong trend. |
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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 70.11 | 67.10 | 3.01 (4.29%) | 23.29% |
| An entry @70.11. This is a Buy Stop order right above the resistance zone. | An exit @67.10. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 3.01 points, which is 4.29%. | For a 1.00% total portfolio risk, you can invest 23.29% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
70.09
+1.09 (+1.58%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg1.58%
1 Week2.35%
2 Weeks1.48%
1 Month13.95%
3 Month30.64%
6 Month54.62%
12 Month34.68%
2 Year77.8%
3 Year69.46%
5 Year4.18%
10 Year310.6%
15 Year14.3%
Volatility
ATR(14)1.7
ATR(20)%2.72%
ATR Inc5.27%
Range Today1.86
ADR(20)1.69
ADR(20)%2.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.89
Mansfield2.81
10 Day High70.76
10 Day Low67.11
20 Day High70.76
20 Day Low61.76
52 Week High70.76
52 Week Low36.86
CS1 End67.38
CR1 Start70.1
Volume & EV
DER(3)1.56%
DER(5)1.41%
Volume7.72M
Volume Incr-30.22%
Vol(5)7.64M
Vol(50)11.60M