Newmont: +20.6% flips a fading sell into a fresh buy
Newmont stock jumps 20.6%, turning a fading sell into a fresh buy signal
Newmont: +20.6% flips a fading sell into a fresh buy
Our view last week
After last week's earnings, Newmont stock closes flat (+0.6%) but with 67% of the week's volume on the buy side, the highest reading in four weeks. The Sell signal is in its 9th week and keeps losing conviction: money flow stays negative but keeps improving, and the ADX keeps sliding. Price is boxed between the 93.5 and 94 areas — our weekly Newmont technical analysis is tracking this stalling mining stock closely.
This week's summary
Newmont stock surges 20.6% in a week and clears the 113.8 area, its 7-day high. The old sell signal, already in its 9th week and fading, gives way to a fresh buy signal, 4th among the 20 US Longs, signal strength 72 out of 100. This mining stock's weekly technical analysis flags a case to handle with care: daily RSI is already at 72, and the quality band marks trading as not recommended.
IQS Phase
61
ordinary
Signal Strength
72
high · wide & volatile
Sizing
FULL
Ranking
#4 / 20
New us stocks
Trade P&L %
+0.00%
from signal to date, no stop loss
Rank position
ranks 4th among the 20 fresh Longs for US stocks in our ranking, with a signal strength of 72 out of 100.
Sector context
SectorMaterials
Benchmark ETFXLB
Sector regimein positive regime
Performanceweekly +4.82% · monthly +5.38%
NEM belongs to the materials sector (reference ETF XLB). The sector is classified in positive regime according to our weekly reading.
restricted Platinum content