Question 1

What implications does the 10-day RSI indicator have for NEM?

Accepted Answer

The RSI Oscillator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.

Question 2

What does the Stochastic Oscillator suggest about NEM's trend?

Accepted Answer

The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.

Question 3

How did NEM's Momentum indicator behave recently?

Accepted Answer

NEM saw its Momentum Indicator move above the 0 level on August 16, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 80 similar instances where the indicator turned positive. In 56 of the 80 cases, the stock moved higher in the following days. The odds of a move higher are at 0%.

Question 4

What does MACD indicator imply for NEM?

Accepted Answer

The Moving Average Convergence Divergence (MACD) for NEM just turned positive on August 16, 2024. Looking at past instances where NEM's MACD turned positive, the stock continued to rise in 42 of 58 cases over the following month. The odds of a continued upward trend are 0%.

Question 5

What does a 3-day price advance indicate for NEM?

Accepted Answer

Following a +3.81% 3-day Advance, the price is estimated to grow further. Considering data from situations where NEM advanced for three days, in 218 of 306 cases, the price rose further within the following month. The odds of a continued upward trend are 0%.

Question 6

What does a 3-day decline signify for NEM's future price movement?

Accepted Answer

Following a 3-day decline, the stock is projected to fall further. Considering past instances where NEM declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 0%.

Question 7

What does NEM breaking above its upper Bollinger Band indicate?

Accepted Answer

NEM broke above its upper Bollinger Band on August 19, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Question 8

How does the Aroon Indicator reflect on NEM's trend?

Accepted Answer

The Aroon Indicator entered an Uptrend today. In 171 of 244 cases where NEM Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 0%.

NEM Stock Newmont (NEM, $43.74) Moving Average Convergence Divergence (MACD) Histogram turned positive on May 17, 2024

Momentum Indicator for NEM turns positive, indicating new upward trend

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