NEWMONT Corp (NEM): Price Down $-2.03 (-3.16)% Over Past Day, Down $-0.1 (-0.16)% Over Past Hour

The Hourly View for NEM

At the time of this writing, NEM (Get Ratings)’s price is down $-0.1 (-0.16%) from the hour prior. This is the 2nd hour in a row NEM has seen its price head down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

NEM ranks 47th in terms of today’s price percentage change out of Precious Metals stocks.

NEM’s Technical Outlook on the Daily Chart

At the time of this writing, NEM’s price is down $-2.03 (-3.16%) from the day prior. NEM has seen its price go down 4 out of the past 5 days, thus creating some compelling opportunities for bears. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 100 day timeframe. Most noteworthy in the world of moving averages on the daily chart is that the 20 and 200 day moving averages have been crossed, so that price is now turning below them. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. NEWMONT Corp’s price action over the past 90 days can be seen via the chart below.

NEM

For NEM News Traders

News traders keeping an eye on NEM may find value in this recent story:

Gold Stocks to Watch for Earnings on April 29: NEM, AEM & More

Benefits of higher gold prices and strategic actions are likely to reflect on the performance of NEM, AEM, EGO and SAND in Q1.

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