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Stock Trend Analysis Report

Prepared for you on Tuesday, July 23, 2024.

Newmont Corporation (NYSE:NEM)

Countertrend Up (+85) - NEM is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
46.7400 47.3400 46.6101 47.2850 +0.2850
Entry Signal

MarketClub’s Trade Triangles for NEM

long term up The long-term trend has been UP since Apr 25th, 2024 at 41.735

intermediate term up The intermediate-term trend has been UP since Jun 20th, 2024 at 42.880

short term down The short-term trend has been DOWN since Jul 19th, 2024 at 47.380

Smart Scan Analysis for NEM

Based on our trend formula, NEM is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for NEM
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
46.7400 47.3400 46.6101 47.2850 +0.2850
Prev. Close Volume Bid Ask Time
47.2900 4061525 2024-07-22 15:59:21
Year High42.04Year High Date2018-01-24
Year Low29.06Year Low Date2018-10-25
52wk High48.9752wk High Date2024-07-17
52wk Low29.4252wk Low Date2024-02-28
Year End Close46.44Average Volume7,653,848
Shares Outstanding1,153,140Short Interest12,776,325
% Institutional80.1Market Cap31,853M
Assets553,350,000MLiabilities264,450,000M
P/E Ratio34.8504Beta-0.13000000
Volatility33.04
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