NEWMONT CORP (NEM) Technical Analysis
NYSE:NEM • US6516391066
Current stock price
113.41 USD
+0.37 (+0.33%)
At close:
113.41 USD
0 (0%)
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.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- When comparing the yearly performance of all stocks, we notice that NEM is one of the better performing stocks in the market, outperforming 89% of all stocks. We also observe that the gains produced by NEM over the past year are nicely spread over this period.
- 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.
- NEM has an average volume of 10383500 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 62% of 160 stocks in the same industry.
- In the last month NEM has a been trading in the 94.34 - 122.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
NEM Weekly and Daily overview Charts
NEM Setup Rating and Analysis
NEM has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 119.96. Right above this resistance zone may be a good entry point.
More info and screens
NEM Support and Resistance Analysis
98.60
133.27
When analyzing the support we can see 2 important areas.
- A support zone ranging from 111.58 to 113.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 99.60 to 99.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 119.96 to 120.90. This zone is formed by a combination of multiple trend lines 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 | 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 | 89.73 | POSITIVE | NEM has a high relative strength, it outperformed 89.73% 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 | MIXED | The current price of NEM is below 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) | 50.04 | NEUTRAL | The RSI value for NEM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.33 | POSITIVE | The MACD value suggests NEM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.56 | NEUTRAL | The Stochastics value for NEM is a neutral value. |
| Average True Range in percent/ATR (20) | 4.48 | MEDIUM VOLATILITY | The ATR as a percentage value for NEM suggests some volalility. |
| Average Directional Index/ADX (14) | 19.58 | NEGATIVE | The low ADX value for NEM suggests a weak or negative 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 Example Setup
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 |
|---|---|---|---|
| 116.23 | 111.57 | 4.66 (4.01%) | 24.93% |
| An entry @116.23. This is a Buy Stop order right above the 10 day moving average. | An exit @111.57. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 4.66 points, which is 4.01%. | When investing 24.93% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of NEM. Please evaluate whether better entry and exit points can be found.
- 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.
NEM Technicals: Chart, Performance Metrics, Trend & Indicators
113.41
+0.37 (+0.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0.33%
1 Week-4.33%
2 Weeks4.42%
1 Month1.8%
3 Month-0.95%
6 Month24.53%
12 Month105.23%
2 Year178.15%
3 Year138.48%
5 Year81.12%
10 Year223.25%
15 Year92.87%
Volatility
ATR(14)4.68
ATR(20)%4.48%
ATR Inc9.06%
Range Today2.18
ADR(20)3.94
ADR(20)%3.48%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.73
3 months CRS43.25
6 months CRS86.35
Mansfield2.41
10 Day High122
10 Day Low108.8
20 Day High122
20 Day Low94.34
52 Week High134.88
52 Week Low48.27
CS1 End113.03
CR1 Start119.96
Volume & EV
DER(3)-0.86%
DER(5)0.56%
Volume6.54M
Volume Incr-36.68%
Vol(5)7.60M
Vol(50)10.38M
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 50.0436. 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 1.32592, indicating a bullish trend.
What is the short term momentum for NEWMONT CORP (NEM) stock?
The short term momentum for NEWMONT CORP (NEM) is neutral.