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Stock Trend Analysis Report
Prepared for you on Wednesday, May 31, 2023.
Newmont Corporation (NYSE:NEM)
Long-Term Downtrend (-90) - NEM is in a strong downtrend that is likely to continue. While NEM is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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.
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MarketClub’s Trade Triangles for NEM
The long-term trend has been DOWN since Mar 7th, 2023 at 43.01
The intermediate-term trend has been DOWN since Apr 24th, 2023 at 47.14
The short-term trend has been DOWN since May 10th, 2023 at 47.81
Smart Scan Analysis for NEM
Based on our trend formula, NEM is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 40.000 | 40.955 | 39.950 | 40.830 | +0.830 |
| Prev. Close | Volume | Bid | Ask | Time |
| 40.000 | 2629796 | 2023-05-31 11:01:32 |
| Year High | 42.04 | Year High Date | 2018-01-24 |
| Year Low | 29.06 | Year Low Date | 2018-10-25 |
| 52wk High | 69.88 | 52wk High Date | 2022-05-31 |
| 52wk Low | 37.45 | 52wk Low Date | 2022-11-03 |
| Year End Close | 46.44 | Average Volume | 7,927,245 |
| Shares Outstanding | 794,712 | Short Interest | 12,776,325 |
| % Institutional | 80.1 | Market Cap | 31,853M |
| Assets | 383,740,000M | Liabilities | 189,970,000M |
| P/E Ratio | 34.8504 | Beta | -0.13000000 |
| Volatility | 33.04 |