NEWMONT CORP (NEM) Technical Analysis
NYSE:NEM • US6516391066
Current stock price
NEM Technical Rating and Analysis
Overall NEM gets a technical rating of 6 out of 10. NEM was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- When comparing the yearly performance of all stocks, we notice that NEM is one of the better performing stocks in the market, outperforming 94% 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 75% 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 11198800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- In the last month NEM has a been trading in the 94.34 - 120.34 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 average technical rating and it also 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
NEM Support and Resistance Analysis
96.83
When analyzing the support we notice one important area.
- A support zone ranging from 97.81 to 99.36. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 130.00 to 131.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for NEM is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NEM is neutral. |
| ChartMill Relative Strength | 94.59 | POSITIVE | NEM has a high relative strength, it outperformed 94.59% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of NEM is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NEM is below a declining 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) | 55.68 | NEUTRAL | The RSI value for NEM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.43 | POSITIVE | The MACD value suggests NEM has a positive trend. |
| Stochastics (14,3) | 81.88 | OVERBOUGHT | The high Stochastics value suggests NEM may be overbought. |
| Average True Range in percent/ATR (20) | 4.56 | MEDIUM VOLATILITY | The ATR as a percentage value for NEM suggests some volalility. |
| Average Directional Index/ADX (14) | 28.31 | POSITIVE | The high ADX value value for NEM suggests a strong trend. |
NEM Chart- and CandleStick Pattern Analysis
NEM Technicals: Chart, Performance Metrics, Trend & Indicators
114.05
+0.26 (+0.23%)
NEWMONT CORP / NEM TA FAQ
Can you provide the ChartMill technical rating for NEWMONT CORP?
ChartMill assigns a technical rating of 6 / 10 to NEM.
What is the current trend direction of NEWMONT CORP (NEM) stock?
The current trend direction for NEWMONT CORP (NEM) is Bearish.
What is the RSI signal for NEM stock?
NEWMONT CORP (NEM) has an RSI value of 55.679. 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 1.42885, 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.