NEWMONT CORP (NEM) Stock Technical Analysis
NYSE:NEM - New York Stock Exchange, Inc. - US6516391066 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to NEM. In the last year, NEM was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Looking at the yearly performance, NEM did better than 95% of all other stocks.
NEM is one of the better performing stocks in the Metals & Mining industry, it outperforms 75% of 152 stocks in the same industry.
NEM is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so NEM slightly outperforms the market at the moment.
In the last month NEM has a been trading in the 42.93 - 57.08 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
NEM has an average volume of 13069000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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
39.83
55.63
When analyzing the support we can see 3 important areas.
- Support @45.17 from a trend line in the daily time frame.
- Support @41.35 from a horizontal line in the daily time frame.
- Support @40.23 from a trend line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.42
Mansfield2.87
10 Day High57.08
10 Day Low42.93
20 Day High57.08
20 Day Low42.93
52 Week High58.72
52 Week Low36.6
Performance
1 Week8.13%
2 Weeks13.97%
1 Month15.33%
3 Month32.18%
6 Month-4.41%
12 Month41.16%
2 Year16.2%
3 Year-24.39%
5 Year-7.4%
10 Year107.93%
15 Year-1.78%
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)0.79
RSI(14)69.78
LBB42.13
UBB58.26
55.08
-0.87 (-1.55%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-1.55%
1 Week8.13%
2 Weeks13.97%
1 Month15.33%
3 Month32.18%
6 Month-4.41%
12 Month41.16%
2 Year16.2%
3 Year-24.39%
5 Year-7.4%
10 Year107.93%
15 Year-1.78%
Volatility
ATR(14)2.61
ATR(20)%3.99%
ATR Inc-22.08%
Range Today1.43
ADR(20)1.87
ADR(20)%3.39%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.42
Mansfield2.87
10 Day High57.08
10 Day Low42.93
20 Day High57.08
20 Day Low42.93
52 Week High58.72
52 Week Low36.6
CS1 End45.17
CR1 StartN/A
Volume & EV
DER(3)0.85%
DER(5)1.55%
Volume14.39M
Volume Incr28.86%
Vol(5)18.13M
Vol(50)13.07M