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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 9846170

Date	Daily Closing Price	Open	High	Low	Volume
27 Wed Sep 2023	37.28	39.11	39.11	37.13	1.636 times
26 Tue Sep 2023	39.40	40.18	40.20	39.27	0.9 times
25 Mon Sep 2023	40.48	40.61	40.73	39.79	0.746 times
22 Fri Sep 2023	40.74	40.92	41.23	40.74	0.651 times
21 Thu Sep 2023	40.52	40.09	40.72	39.80	0.706 times
20 Wed Sep 2023	40.95	40.49	41.39	40.41	0.688 times
19 Tue Sep 2023	40.29	40.54	40.58	39.88	1.07 times
18 Mon Sep 2023	40.47	40.33	40.65	39.97	0.894 times
15 Fri Sep 2023	40.33	39.90	40.60	39.75	1.668 times
15 Fri Sep 2023	40.33	39.90	40.60	39.75	1.668 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 37.4, for a target of 38.6 or 39.52

Share price targets for Newmont Mining (NEM)

Target Type	Value
Downside Target	37.13
Upside Target	39.38
Upside Target	40.72
Upside Target	40.73
Upside Target	41.05
Upside Target	41.39
Upside Target	42.23
Upside Target	43.92
Upside Target	45.92
Upside Target	50.18

Intraday share price targets for Newmont Mining (NEM)

Target Type	Value
Downside Intraday Target	36.03
Downside Intraday Target	34.78
Upside Intraday Target	39.63
Upside Intraday Target	41.98
Upside Intraday Target	38.38

Weekly technical analysis of Newmont Mining (NEM)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Wed Sep 2023	37.28	40.61	40.73	37.13	0.819 times
22 Fri Sep 2023	40.74	40.33	41.39	39.80	2.404 times
15 Fri Sep 2023	40.33	39.90	40.60	39.75	0.338 times
15 Fri Sep 2023	40.33	39.13	40.60	38.51	1.891 times
08 Fri Sep 2023	38.73	39.00	39.38	38.08	5.228 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
27 Wed Sep 2023	37.28	39.91	41.39	37.13	1.112 times
31 Thu Aug 2023	39.42	42.23	42.23	37.84	1.115 times
31 Mon Jul 2023	42.92	42.85	45.92	41.05	0.752 times
30 Fri Jun 2023	42.66	40.84	43.92	40.72	0.971 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 39.88 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.