NEWMONT CORP (NEM) Technical Analysis
NYSE:NEM • US6516391066
Current stock price
109.58 USD
-4.9 (-4.28%)
At close:
109.34 USD
-0.24 (-0.22%)
After Hours:
NEM Technical Rating and Analysis
Overall NEM gets a technical rating of 7 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- In the last month NEM has a been trading in the 108.80 - 131.98 range, which is quite wide. It is currently trading near the lows of this range.
- When comparing the yearly performance of all stocks, we notice that NEM is one of the better performing stocks in the market, outperforming 95% of all stocks. We also observe that the gains produced by NEM over the past year are nicely spread over this period.
- NEM is one of the better performing stocks in the Metals & Mining industry, it outperforms 72% of 157 stocks in the same industry.
- NEM is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so NEM is performing more or less in line with the market.
- NEM has an average volume of 9881520 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, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
NEM Weekly and Daily overview Charts
NEM Setup Rating and Analysis
Although NEM has an excellent technical rating, it does not present a decent entry opportunity 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
96.69
133.27
2 important support areas can be observed.
- Support @102.91 from a trend line in the daily time frame.
- Support @97.67 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 117.51 to 118.90. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- 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 | DOWN | NEGATIVE | The short term trend for NEM is down. |
| ChartMill Relative Strength | 95.5 | POSITIVE | NEM has a high relative strength, it outperformed 95.5% 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) | 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) | 37.69 | NEUTRAL | The RSI value for NEM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.71 | NEGATIVE | The MACD value suggests NEM has a negative trend. |
| Stochastics (14,3) | 18.89 | OVERSOLD | The low Stochastics value suggests NEM may be oversold. |
| Average True Range in percent/ATR (20) | 5.19 | HIGH VOLATILITY | The high ATR as a percentage value for NEM suggests high volalility. |
| Average Directional Index/ADX (14) | 21 | NEUTRAL | The ADX value for NEM suggests a possible start of a new 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
109.58
-4.9 (-4.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-4.28%
1 Week-5.77%
2 Weeks-15.71%
1 Month-7.23%
3 Month11.66%
6 Month38.27%
12 Month136.98%
2 Year205.75%
3 Year123.54%
5 Year81.82%
10 Year312.27%
15 Year100.77%
Volatility
ATR(14)5.53
ATR(20)%5.19%
ATR Inc-19.58%
Range Today5.78
ADR(20)4.82
ADR(20)%4.4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.5
3 months CRS87.31
6 months CRS92.56
Mansfield3.42
10 Day High131.98
10 Day Low108.8
20 Day High131.98
20 Day Low108.8
52 Week High134.88
52 Week Low42.93
CS1 End102.91
CR1 Start117.51
Volume & EV
DER(3)-1.68%
DER(5)-0.18%
Volume10.46M
Volume Incr-1.56%
Vol(5)9.15M
Vol(50)9.88M
NEWMONT CORP / NEM TA FAQ
Can you provide the ChartMill technical rating for NEWMONT CORP?
ChartMill assigns a technical rating of 7 / 10 to NEM.
What is the current trend direction of NEWMONT CORP (NEM) stock?
The current trend direction for NEWMONT CORP (NEM) is Bullish.
Can you provide the RSI signal for NEWMONT CORP?
NEWMONT CORP (NEM) has an RSI value of 37.6919. 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.
What is the buy/sell signal for NEM stock?
The buy/sell signal for NEWMONT CORP (NEM) is hold as the short term and long term trends are mixed.