NEM Technical Signal Analysis
NEM have 6 buy signals and 2 sell signals now. The current trend is downtrend starting from 2025-02-21. The total price change during this trend is +0.71%. Recently, the price has increased significantly with an increase in volume, indicating a strong bullish signal. The average turnover of NEM over last 5 trading day is $403,178,703.40
6 Bullish Signal
2 Bearish Signal
Name
Signal
Value
Meaning
Momentum (10 days)
MOM_10 > 0
3.53
Bullish
Moving Average Convergence Divergence (12, 26, 9)
MACD_12_26_9 > 0
0.08
Bullish
Closing price
close > fibonacci_R1
45.65
Bullish
Moving Average
Price crosses above 20-day SMA
--
Bullish
Moving Average
Price crosses above 200-day SMA
--
Bullish
Moving Average
Price crosses above 250-day SMA
--
Bullish
Name
Signal
Value
Meaning
Awesome Oscillator (5, 34)
AO_5_34 < 0
-0.38
Bearish
Williams %R (14 days)
WILLR_14 > -20
-12.3
Bearish
6 Bullish Signal
Name
Signal
Value
Meaning
Momentum (10 days)
MOM_10 > 0
3.53
Bullish
Moving Average Convergence Divergence (12, 26, 9)
MACD_12_26_9 > 0
0.08
Bullish
Closing price
close > fibonacci_R1
45.65
Bullish
Moving Average
Price crosses above 20-day SMA
--
Bullish
Moving Average
Price crosses above 200-day SMA
--
Bullish
Moving Average
Price crosses above 250-day SMA
--
Bullish
NEM Support and Resistance Level
The support levels for NEM are at 41.72, 40.53, and 38.61, while the resistance levels are at 45.57, 46.76, and 48.69. With the current stock price at 45.65, it is leaning more toward the resistance levels.
NEM Technical Analysis
Technical Analysis of NEM (Newmont Corporation)
Price Action and Trend Analysis:
- Current Price: 43.96 (as of 2025-03-07)
- 52-Week Range: 33.29 - 58.72
- Volume: 8,254,565 (above average)
- RSI (14-period): 50.47 (neutral)
- MACD: 0.02 (slightly bullish crossover)
- Bollinger Bands: Price is near the lower band, suggesting potential undervaluation.
Key Technical Levels:
- Resistance Levels: 44.92 (Fibonacci R1), 45.92 (Fibonacci R2)
- Support Levels: 43.30 (Fibonacci Pivot), 40.68 (Fibonacci S2)
Candlestick Patterns:
- Recent price action shows a bullish engulfing pattern, indicating potential reversal.
Analyst Sentiment:
- Mixed ratings with a consensus target price of $48.00.
Options Activity:
- Significant call activity, particularly for the $50 strike.
Conclusion:
Based on the analysis, NEM is trading in a neutral zone with potential upside.
Recommendation: Buy at current levels with a target of $45.50.
NEM FAQs
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NEM Buy or Sell
NEM has 6 buy signals and 2 sell signals now. Overall the technical rating for NEM is Strong buy.
Strong buy
Sell
2
Buy
6
NEM Moving Average
This analysis outlines the stock's performance across different time frames using Simple Moving Averages (SMA). In the swing, the stock shows a positive trend with the 45.65 above the SMA_5. In the short term, the stock shows a negative trend with the 43.79 below the SMA_20. In the mid term, the stock shows a positive trend with the 44.49 above the SMA_60. In the long term, the stock shows a negative trend with the 42.04 below the SMA_200.
Swing
Positive
Stock Price Above SMA_5
Short Term
Negative
SMA_5 Below SMA_20
Mid Term
Positive
SMA_20 Above SMA_60
Long Term
Negative
SMA_60 Below SMA_200
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What do technical indicators suggest about NEM's current trend?What are NEM's key support and resistance levels?