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(NEM) Newmont Mining complete technical analysis [charts+indicators] | Buy/Sell Newmont Mining | (NEM) share price targets

Complete technical analysis of Newmont Mining (NEM) by charts plus indicators, forecast predictions and share price targets for Newmont Mining (NEM)

Newmont Mining trades in USA in Basic Industries sector.

10 day averaged volume of Newmont Mining is 8468640

Date	Daily Closing Price	Open	High	Low	Volume
26 Fri May 2023	40.68	41.18	41.28	40.33	0.832 times
25 Thu May 2023	40.64	41.17	41.20	40.61	1.208 times
24 Wed May 2023	41.81	42.55	42.68	41.63	1.001 times
23 Tue May 2023	42.49	42.75	43.01	42.44	1.087 times
22 Mon May 2023	43.33	43.66	43.76	43.33	0.784 times
19 Fri May 2023	43.66	43.60	44.18	43.11	0.986 times
18 Thu May 2023	43.27	43.90	44.06	42.87	1.192 times
17 Wed May 2023	44.75	44.90	45.38	44.65	0.993 times
16 Tue May 2023	45.12	46.52	46.75	45.06	1.023 times
15 Mon May 2023	47.09	46.15	47.45	45.95	0.985 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 39.6, for a target of 42.8 or 45.48

Share price targets for Newmont Mining (NEM)

Target Type	Value
Downside Target	40.33
Upside Target	41.68
Upside Target	42.87
Upside Target	45.46
Upside Target	46.55
Upside Target	49.08
Upside Target	49.22
Upside Target	50.18
Upside Target	52.76
Upside Target	54.77
Upside Target	60.08

Intraday share price targets for Newmont Mining (NEM)

Target Type	Value
Downside Intraday Target	39.42
Downside Intraday Target	38.16
Upside Intraday Target	42.85
Upside Intraday Target	45.02
Upside Intraday Target	41.59

Weekly technical analysis of Newmont Mining (NEM)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Fri May 2023	40.68	43.66	43.76	40.33	0.948 times
19 Fri May 2023	43.66	46.15	47.45	42.87	1.426 times
12 Fri May 2023	45.94	48.79	49.08	45.46	0.726 times
05 Fri May 2023	48.72	47.76	50.18	46.72	1.161 times
28 Fri Apr 2023	47.40	47.49	48.73	46.55	1.069 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Newmont Mining (NEM)

Date	Monthly Closing Price	Open	High	Low	Volume
26 Fri May 2023	40.68	47.76	50.18	40.33	0.968 times
28 Fri Apr 2023	47.40	49.01	52.76	46.55	0.792 times
31 Fri Mar 2023	49.02	44.25	49.22	41.68	1.3 times
28 Tue Feb 2023	43.61	52.75	54.77	43.01	1.252 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Newmont Mining (NEM)

Price action analysis of Newmont Mining ( (NEM) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Newmont Mining ( (NEM) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Newmont Mining ( (NEM) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Newmont Mining stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Newmont Mining in short term and the sell signal is strong.

Newmont Mining Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a SELL signal for Newmont Mining in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Newmont Mining is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 43.26 and Newmont Mining (NEM) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Newmont Mining (NEM) stock. Volume based technical analysis of Newmont Mining (NEM) stock is negative.

Newmont Mining Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.