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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.

Showing technical analysis as on 2024-06-11 View latest technical analysis

10 day averaged volume of Newmont Mining is 8433470

Date	Daily Closing Price	Open	High	Low	Volume
11 Tue Jun 2024	40.65	40.75	40.85	40.12	0.863 times
10 Mon Jun 2024	41.30	40.38	41.32	40.11	0.746 times
07 Fri Jun 2024	40.36	40.78	41.24	40.18	1.078 times
06 Thu Jun 2024	42.50	41.00	42.55	40.64	1.181 times
05 Wed Jun 2024	41.10	40.66	41.12	40.36	0.725 times
04 Tue Jun 2024	40.53	41.00	41.01	40.06	1.088 times
03 Mon Jun 2024	41.89	42.01	42.12	41.67	0.928 times
31 Fri May 2024	41.94	41.93	42.24	41.40	1.664 times
30 Thu May 2024	41.89	41.54	42.21	41.51	0.696 times
29 Wed May 2024	41.64	41.89	42.00	41.52	1.005 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 41, but if it comes above 41, then a intra day buy could be more profitable.
If you take a sell trade below 41, then use 41 as stoploss and 39.7 as target. However if you take a buy trade in stock , then use 41 as stoploss and 42.13 as target.

Share price targets for Newmont Mining (NEM)

Target Type	Value
Downside Target	29.42
Downside Target	30.93
Downside Target	35.61
Downside Target	40.06
Upside Target	41.93
Upside Target	42.55
Upside Target	42.88
Upside Target	43.91
Upside Target	43.96
Upside Target	44.59

Intraday share price targets for Newmont Mining (NEM)

Target Type	Value
Downside Intraday Target	40.07
Downside Intraday Target	39.48
Upside Intraday Target	41.28
Upside Intraday Target	41.9
Upside Intraday Target	40.69

Weekly technical analysis of Newmont Mining (NEM)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Tue Jun 2024	40.65	40.38	41.32	40.11	0.322 times
07 Fri Jun 2024	40.36	42.01	42.55	40.06	1.175 times
31 Fri May 2024	41.94	42.49	42.88	41.40	0.892 times
24 Fri May 2024	41.98	44.00	44.59	41.00	1.041 times
17 Fri May 2024	43.74	42.35	43.96	41.93	0.944 times

Price has moved up 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
11 Tue Jun 2024	40.65	42.01	42.55	40.06	0.304 times
31 Fri May 2024	41.94	40.60	44.59	40.32	0.56 times
30 Tue Apr 2024	40.64	36.96	43.91	36.10	0.992 times
28 Thu Mar 2024	35.84	31.63	36.37	30.93	1.199 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

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

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

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 green color and prices are in or below the green 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 but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 41.42 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.