| NEM latest price $44.2700 (1.28%) ($42.9200 - $44.2800) on Mon. Sep. 19, 2022. |
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| Trend Analysis and Forecast |
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| Average Daily Percentage Swing | 2.41% (three month average) |
| RSI | 57 |
| Latest Price | $44.2700(1.28%) |
| Stocks Behave Similarly | Similar Stock List |
| Daily Trend | NEM advances 0.2% a day on average for past five trading days. |
| Weekly Trend | NEM advances 1.8% a week on average for past two weeks. |
| Market Behavior | Broad based rally for large cap. Broad based rally for small cap. |
| Correlated ETFs | Broad market will support NEM advance at 0% a week (0% probability)
GDX(88%) GDXJ(83%) SIL(82%) GLD(69%) SLV(69%) |
| Factors Impacting NEM price | NEM will decline at least -1.205% in a week (0% probabilities).
UUP(-25%) VIXM(-16%) TBT(-8%) VXX(-7%) UNG(1%) |
| Explanation | The rally is not sustainable and not supported by the broad market. |
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| Relative Volatility | (options are extremely cheap) |
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| Market Trend Strength | -1.205% (StdDev 2.41%) |
| Hourly BBV | 1.3 () |
| Intraday Trend | 2.5% |
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