Question 1

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

Accepted Answer

The 10-day RSI Indicator for NEM moved out of overbought territory on September 03, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 37 similar instances where the indicator moved out of overbought territory. In 25 of the 37 cases, the stock moved lower in the following days. This puts the odds of a move lower at 68%.

Question 2

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

Accepted Answer

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 39 of 55 cases where NEM's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 71%.

Question 3

How did NEM's Momentum indicator behave recently?

Accepted Answer

NEM saw its Momentum Indicator move above the 0 level on September 12, 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 83 similar instances where the indicator turned positive. In 63 of the 83 cases, the stock moved higher in the following days. The odds of a move higher are at 76%.

Question 4

What does MACD indicator imply for NEM?

Accepted Answer

The Moving Average Convergence Divergence Histogram (MACD) for NEM turned negative on September 04, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 57 similar instances when the indicator turned negative. In 40 of the 57 cases the stock turned lower in the days that followed. This puts the odds of success at 70%.

Question 5

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

Accepted Answer

Following a +1.91% 3-day Advance, the price is estimated to grow further. Considering data from situations where NEM advanced for three days, in 220 of 305 cases, the price rose further within the following month. The odds of a continued upward trend are 72%.

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 68%.

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 198 of 261 cases where NEM Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 76%.

NEM Stock Newmont (NEM, $53.71) entered a weekly bullish trend. Expect an Uptrend continuation

Momentum Indicator for NEM turns positive, indicating new upward trend

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