|
|
Archive
- 1/10/2025 -
Sign In to see current Signals. |
Newmont Mining Corp. (Hldg. Co.) (NEM) Technical Analysis
|
 |
| Summary:
| | Weekly :  | | Daily :
Move cursor over the icon to see details.
| | It was a second positive week after 5 consecutive negative weeks for the Newmont Mining Corp. (Hldg. Co.) (NEM). During the week, the NEM gained 0.99 points, or 2.60%, and closed at 39.10 on Friday, January 10, 2025. It was the best weekly gain since November 22, 2024. Weekly volume was -15% below average.
NEM is a member of Materials Sector. Materials is the most oversold sector. NEM is a member of Gold Industry. Gold is the fifth most oversold industry. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See NEM long-term trend chart]
A long-term uptrend had started on February 28, 2024 at 29.42 and reached 58.72 on October 22, 2024. NEM gained -29.30 points, or -99.59%, in 33 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (59.63) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.
 Medium-term trend: [See NEM medium-term trend chart]
A medium-term downtrend had started on October 22, 2024 at 58.72 and reached 36.86 on December 30, 2024. NEM lost 21.86 points, or 37.23%, in 9 weeks. The price is now at the 10.25% retracement level.
 Weekly Technical Indicators: [See NEM weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Williams' Percentage Range or strongly oversold weekly Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is below its signal line since October 25, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.
 Short-term trend: [See NEM short-term trend chart]
A short-term uptrend had started on December 30, 2024 at 36.86 and reached 40.26 on January 10, 2025. NEM gained -3.40 points, or -9.22%, in 11 days. The price is now at the 34.12% retracement level.
 Daily Technical Indicators: [See NEM daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since December 31, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
| |
|
|