NEWMONT CORP (NEM) Stock Technical Analysis
USA - NYSE:NEM - US6516391066 - Common Stock
85.21 USD
-3.19 (-3.61%)
85.45 USD
+0.24 (+0.28%)
We assign a technical rating of 10 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 and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that NEM is one of the better performing stocks in the market, outperforming 90% of all stocks.
NEM is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month NEM has a been trading in the 77.00 - 89.37 range, which is quite wide. It is currently trading near the high of this range.
NEM has an average volume of 10386100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
NEM is part of the Metals & Mining industry. There are 156 other stocks in this industry, NEM did better than 49% of them.
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.
More info and screens
43.51
86.06
5 important support areas can be observed.
- A support zone ranging from 85.20 to 85.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @81.82 from a trend line in the daily time frame.
- Support @70.28 from a trend line in the daily time frame.
- Support @62.97 from a trend line in the weekly time frame.
- Support @43.95 from a trend line in the weekly time frame.
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 | 90.71 | POSITIVE | NEM has a high relative strength, it outperformed 90.71% 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) | 60.55 | NEUTRAL | The RSI value for NEM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests NEM has a negative trend. |
| Stochastics (14,3) | 72.16 | NEUTRAL | The Stochastics value for NEM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.87 | MEDIUM VOLATILITY | The ATR as a percentage value for NEM suggests some volalility. |
| Average Directional Index/ADX (14) | 42.01 | 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)
85.21
-3.19 (-3.61%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-3.61%
1 Week-1.41%
2 Weeks1.84%
1 Month6.98%
3 Month41.71%
6 Month55.01%
12 Month56.92%
2 Year127.41%
3 Year101.35%
5 Year35.6%
10 Year337.87%
15 Year40.01%
Volatility
ATR(14)2.62
ATR(20)%2.87%
ATR Inc30.54%
Range Today4.56
ADR(20)2.35
ADR(20)%2.76%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.71
Mansfield4.11
10 Day High89.37
10 Day Low82.3
20 Day High89.37
20 Day Low77
52 Week High89.37
52 Week Low36.86
CS1 End85.2
CR1 StartN/A
Volume & EV
DER(3)-2.91%
DER(5)-1.41%
Volume10.65M
Volume Incr-26.94%
Vol(5)9.32M
Vol(50)10.39M