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Stock Trend Analysis Report

Prepared for you on Friday, December 8, 2023.

Newmont Corporation (NYSE:NEM)

Sidelines Mode (-55) - NEM is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid NEM?

MarketClub looks at technical strength and momentum to determine if the timing is right for NEM.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYSE_NEM
Open High Low NEM Price Change
38.99 39.57 38.91 39.29 -0.44
Entry Signal

MarketClub’s Trade Triangles for NEM

long term down The long-term trend has been DOWN since Mar 7th, 2023 at 43.01

intermediate term up The intermediate-term trend has been UP since Nov 28th, 2023 at 39.13

short term down The short-term trend has been DOWN since Dec 5th, 2023 at 39.84

Smart Scan Analysis for NEM

Based on our trend formula, NEM is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for NEM
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
38.99 39.57 38.91 39.29 -0.44
Prev. Close Volume Bid Ask Time
39.73 1838223 2023-12-08 10:26:55
Year High42.04Year High Date2018-01-24
Year Low29.06Year Low Date2018-10-25
52wk High60.0852wk High Date2023-01-24
52wk Low33.58552wk Low Date2023-11-10
Year End Close46.44Average Volume15,136,845
Shares Outstanding794,800Short Interest12,776,325
% Institutional80.1Market Cap31,853M
Assets380,840,000MLiabilities190,100,000M
P/E Ratio34.8504Beta-0.13000000
Volatility33.04
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