NEWMONT CORP.

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	NEM
ISIN:

NEWMONT CORP. - Daily - Technical analysis published on 10/07/2019 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Court terme: Strongly bearish

De fond: Slightly bullish

Technical indicators

28%

33%

39%

My opinion

Bearish under 38.50 USD

My targets

36.59 USD (-4.49%)

35.25 USD (-7.99%)

My analysis

The strong short-term decline in NEWMONT GOLDCORP calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 38.50 USD, one could consider taking advantage of the short-term movement. The first bearish objective is located at 36.59 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 35.25 USD as an objective. Crossing it would then enable sellers to target 33.07 USD. Be careful, a return to above 38.50 USD could jeopardize the reversal.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

FORCE

0.5

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The NEWMONT GOLDCORP price is 38.31 USD. On the day, this instrument gained +0.50% and was traded between 37.61 USD and 38.56 USD over the period. The price is currently at +1.86% from its lowest and -0.65% from its highest.

37.61

38.56

38.31

A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

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

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of NEWMONT GOLDCORP indicates that the overall trend is slightly bullish. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently being given by short-term moving averages indicate that this slightly bullish trend could be reversed. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily

On the 18 technical indicators analysed, 5 are bullish, 7 are neutral and 6 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:

Ichimoku : price is under the cloud

Type : Bearish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	33.07	35.25	36.59	38.31	38.50	39.70	41.94
Change (%)	-13.68%	-7.99%	-4.49%	-	+0.50%	+3.63%	+9.48%
Change	-5.24	-3.06	-1.72	-	+0.19	+1.39	+3.63
Level	Minor	Major	Major	-	Major	Major	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	36.97	37.46	37.79	38.28	38.61	39.10	39.43
Camarilla	37.90	37.97	38.05	38.12	38.20	38.27	38.35
Woodie	36.89	37.42	37.71	38.24	38.53	39.06	39.35
Fibonacci	37.46	37.77	37.97	38.28	38.59	38.79	39.10

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	35.25	36.78	37.59	39.12	39.93	41.46	42.27
Camarilla	37.76	37.97	38.19	38.40	38.61	38.83	39.04
Woodie	34.89	36.60	37.23	38.94	39.57	41.28	41.91
Fibonacci	36.78	37.67	38.23	39.12	40.01	40.57	41.46

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	33.09	35.25	36.59	38.75	40.08	42.24	43.58
Camarilla	36.96	37.28	37.60	37.92	38.24	38.56	38.88
Woodie	32.67	35.04	36.17	38.54	39.67	42.04	43.17
Fibonacci	35.25	36.59	37.41	38.75	40.08	40.91	42.24

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	46.05
MACD (12,26,9):	-0.2000
Directional Movement:	-1.89
AROON (14):	-28.57
DEMA (21):	38.55
Parabolic SAR (0,02-0,02-0,2):	40.40
Elder Ray (13):	-0.50
Super Trend (3,10):	40.88
Zig ZAG (10):	38.31
VORTEX (21):	0.9300
Stochastique (14,3,5):	20.31
TEMA (21):	38.18
Williams %R (14):	-73.12
Chande Momentum Oscillator (20):	-0.74
Repulse (5,40,3):	0.3600
ROCnROLL:	-1
TRIX (15,9):	-0.0100
Courbe Coppock:	2.19

MA7:	38.22
MA20:	38.78
MA50:	38.65
MA100:	37.29
MAexp7:	38.33
MAexp20:	38.72
MAexp50:	38.50
MAexp100:	37.39
Price / MA7:	+0.24%
Price / MA20:	-1.21%
Price / MA50:	-0.88%
Price / MA100:	+2.74%
Price / MAexp7:	-0.05%
Price / MAexp20:	-1.06%
Price / MAexp50:	-0.49%
Price / MAexp100:	+2.46%

News

The latest news and videos published on NEWMONT GOLDCORP 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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