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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.

Open High Low NEM Price Change
40.000 40.955 39.950 40.830 +0.830
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 down The intermediate-term trend has been DOWN since Apr 24th, 2023 at 47.14

short term down 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).

Smart Scan Analysis for NEM
Strong Downtrend Sideways 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 High42.04Year High Date2018-01-24
Year Low29.06Year Low Date2018-10-25
52wk High69.8852wk High Date2022-05-31
52wk Low37.4552wk Low Date2022-11-03
Year End Close46.44Average Volume7,927,245
Shares Outstanding794,712Short Interest12,776,325
% Institutional80.1Market Cap31,853M
P/E Ratio34.8504Beta-0.13000000
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