NEWMONT CORP (NEM)

US6516391066 - Common Stock

48.32  +0.97 (+2.05%)

After market: 48.27 -0.05 (-0.1%)

Technical Rating and Analysis

8

We assign a technical rating of 8 out of 10 to NEM. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, NEM is only an average performer.

The long and short term trends are both positive. This is looking good!
NEM is part of the Metals & Mining industry. There are 155 other stocks in this industry. NEM outperforms 70% of them.
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 40.69 - 48.61 range, which is quite wide. It is currently trading near the high of this range.
NEM has an average volume of 7774610 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that NEM is one of the better performing stocks in the market, outperforming 77% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Weekly and Daily overview Charts
NEM Weekly chart
NEM Daily chart
Setup Rating and Analysis

2

Although NEM has an excellent technical rating, it 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.

Support and Resistance Analysis

40.33

48.81

When analyzing the support we can see 3 important areas.

  • A support zone ranging from 42.61 to 43.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 41.44 to 41.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @40.74 from a horizontal line in the weekly time frame.

We found 1 important resistance area.

  • A resistance zone ranging from 48.33 to 48.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.42
Mansfield0.59
10 Day High48.61
10 Day Low41.31
20 Day High48.61
20 Day Low40.69
52 Week High48.61
52 Week Low29.42
Performance
1 Week10.09%
2 Weeks16.01%
1 Month18.37%
3 Month23.83%
6 Month39.73%
12 Month11.83%
2 Year6.71%
3 Year-23.08%
5 Year32.31%
10 Year93.98%
15 Year16.86%
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)
Technical Indicators
MACD(12,26,9)0.58
RSI(14)75.13
LBB39.52
UBB49.09
NEM Daily chart

NEWMONT CORP

NYSE:NEM (7/16/2024, 7:04:00 PM)

After market: 48.27 -0.05 (-0.1%)

48.32

+0.97 (+2.05%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg2.05%
1 Week10.09%
2 Weeks16.01%
1 Month18.37%
3 Month23.83%
6 Month39.73%
12 Month11.83%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.16
ATR(20)%2.22%
ATR Inc
Range Today1.22
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High48.61
10 Day Low41.31
20 Day High48.61
20 Day Low40.69
52 Week High48.61
52 Week Low29.42
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume8.04M
Volume Incr15.07%
Vol(5)8.19M
Vol(50)7.77M