NEWMONT CORP.

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	NEM
ISIN:

NEWMONT CORP. - Weekly - Technical analysis published on 07/08/2022 (GMT)

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Timeframe : Weekly
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

11%

72%

17%

My opinion

Bearish under 63.53 USD

My targets

57.66 USD (-4.03%)

49.45 USD (-17.69%)

My analysis

In the short term, we can see an acceleration in the bearish trend on NEWMONT CORP., which is a positive signal for sellers. As long as the price remains above 63.53 USD, a sale could be considered. The first bearish objective is located at 57.66 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 49.45 USD as an objective. Crossing it would then enable sellers to target 40.78 USD. If the price were to return above 63.53 USD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.

Force

5.2

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by ErnestMoney. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The NEWMONT CORP. rating is 60.08 USD. Over 5 days, this instrument lost -1.78% with the lowest point at 57.56 USD and the highest point at 61.38 USD. The deviation from the price is +4.38% for the low point and -2.12% for the high point.

57.56

61.38

60.08

Here is a more detailed summary of the historical variations registered by NEWMONT CORP.:

The Central Records scanner for higher/lower results shows the following items:

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Weekly of this NEWMONT CORP. chart shows a bearish trend. The signals given by moving averages are 64.29% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : Weekly

Bearish trend reversal : Moving Average 100

Type : Bearish

Timeframe : Weekly

Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : Weekly

Technical indicators are strongly bearish, suggesting that the price decline is expected to continue.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Weekly

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Weekly

The Central Indicators scanner found this result concerning these indicators:

MACD indicator is back under 0

Type : Bearish

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal support

Type : Bullish

Timeframe : Weekly

Near support of channel

Type : Bullish

Timeframe : Weekly

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	40.78	49.45	57.66	60.08	63.53	71.86	84.73
Change (%)	-32.12%	-17.69%	-4.03%	-	+5.74%	+19.61%	+41.03%
Change	-19.30	-10.63	-2.42	-	+3.45	+11.78	+24.65
Level	Major	Major	Major	-	Major	Major	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	57.84	58.66	59.26	60.08	60.68	61.50	62.10
Camarilla	59.48	59.61	59.74	59.87	60.00	60.13	60.26
Woodie	57.74	58.61	59.16	60.03	60.58	61.45	62.00
Fibonacci	58.66	59.20	59.53	60.08	60.62	60.95	61.50

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	51.71	54.90	58.03	61.22	64.35	67.54	70.67
Camarilla	59.43	60.01	60.59	61.17	61.75	62.33	62.91
Woodie	51.69	54.89	58.01	61.21	64.33	67.53	70.65
Fibonacci	54.90	57.31	58.80	61.22	63.63	65.12	67.54

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	46.10	52.71	56.19	62.80	66.28	72.89	76.37
Camarilla	56.90	57.82	58.75	59.67	60.60	61.52	62.45
Woodie	44.54	51.93	54.63	62.02	64.72	72.11	74.81
Fibonacci	52.71	56.56	58.95	62.80	66.65	69.04	72.89

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	39.76
MACD (12,26,9):	-0.5500
Directional Movement:	-8.60
AROON (14):	-78.57
DEMA (21):	67.13
Parabolic SAR (0,02-0,02-0,2):	71.68
Elder Ray (13):	-6.75
Super Trend (3,10):	75.08
Zig ZAG (10):	60.07
VORTEX (21):	0.9500
Stochastique (14,3,5):	10.71
TEMA (21):	64.50
Williams %R (14):	-90.96
Chande Momentum Oscillator (20):	-23.98
Repulse (5,40,3):	-1.9300
ROCnROLL:	2
TRIX (15,9):	0.3900
Courbe Coppock:	29.32

MA7:	60.27
MA20:	62.79
MA50:	66.13
MA100:	70.40
MAexp7:	64.05
MAexp20:	66.77
MAexp50:	64.64
MAexp100:	60.58
Price / MA7:	-0.32%
Price / MA20:	-4.32%
Price / MA50:	-9.15%
Price / MA100:	-14.66%
Price / MAexp7:	-6.20%
Price / MAexp20:	-10.02%
Price / MAexp50:	-7.05%
Price / MAexp100:	-0.83%

Quotes : - 15 min delayed data - NYSE Stocks

News

The latest news and videos published on NEWMONT CORP. at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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