Trading Signals: NEM Stock Price Prediction and Forecast

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Fri. Dec. 22, 2023

Trading Signals: NEM Stock Price Prediction and Forecast (Mon. Dec. 1, 2014 - Fri. Dec. 22, 2023)

(Newmont Goldcorp Corporation)
NEM latest price $42.2800 (2.05%) ($42.1900 - $42.8100) on Fri. Dec. 22, 2023.

Trend Analysis and Forecast

Average Daily Percentage Swing   2.39% (three month average)
RSI   57
Latest Price   $42.2800(2.05%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   NEM advances 0.7% a day on average for past five trading days.
Weekly Trend   NEM advances 2.3% a week on average for past two weeks.
Market Behavior   Value stock 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(95%)    IWN(95%)    IWM(91%)    XLRE(91%)    IFRA(95%)
Factors Impacting NEM price   NEM will decline at least -1.195% in a week (0% probabilities).
TBT(-47%)    UUP(-28%)    VIXM(-22%)    VXX(-16%)    BNDX(6%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.195% (StdDev 2.39%)
Hourly BBV 0 ()
Intraday Trend -0.2%

5 Day Moving Average   $41.54(1.78%)
10 Day Moving Average   $40.71(3.86%)
20 Day Moving Average   $40.33(4.84%)
To recent high   0%
To recent low   24.5%
Market Cap   $33.951b

Newmont Goldcorp Corp. is a gold producer, which engages in the production of gold. It operates through the following geographical segments: North America, South America, Australia, and Africa. The North America segment consists primarily of carlin, phoenix, twin creeks and long canyon in the state of Nevada and Cripple Creek and Victor in the state of Colorado, in the United States. The South America segment consists primarily of Yanacocha in Peru and Merian in Suriname. The Australia segment consists primarily of Boddington, Tanami and Kalgoorlie in Australia. The Africa segment consists primarily of Ahafo and Akyem in Ghana. The company was founded by William Boyce Thompson on May 2, 1921 and is headquartered in Greenwood Village, CO.

$. NEM price fluctuates within 3.1% (three month std-dev: 2.39%) daily (68% of days).

Sample size 50 Average positive next day return: 1.31%(52%) Average negative next day return: -1.21%(48%) Sample size 50 Average positive next three day return: 2.21%(44%) Average negative next three day return: -1.42%(56%) Sample size 50 Average positive next weekly return: 2.36%(58%) Average negative next weekly return: -2.95%(42%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

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i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD
1	Dec_22_2023	38.74	40.33	40.71	41.54	41.79	41.98	42.28(2.05%)	UT	OpenLong	75	0.6	32	50	20	67	3.82	54%	0.05	88.7	2.39%	0	1.6	57	1.4
2	Dec_21_2023	38.72	40.1	40.38	41.26	41.43	41.53	41.43(0.75%)	UT	OpenLong	75	0.1	11	30	2	39	7.34	54%	0.03	91.6	2.38%	-1.1	1.1	50	0.6
3	Dec_20_2023	38.71	39.92	40.2	41.2	41.25	41.6	41.12(-1.56%)	UD	OpenLong	75	-0.1	18	60	11	39	9.19	54%	-0.03	91.7	2.38%	-0.5	1	55	0.3
4	Dec_19_2023	38.72	39.74	40.05	40.98	41.17	41.32	41.77(1.65%)	UT	OpenLong	75	0.6	36	40	35	37	15.64	54%	-0.03	86.9	2.38%	1.1	1.5	56	0.7
5	Dec_18_2023	38.73	39.48	39.84	40.18	40.41	40.9	41.09(0.54%)	N/A	N/A	0	0.7	11	100	16	-3	13.17	54%	-0.03	74.6	2.37%	0.6	1.2	52	0.8

6	Dec_15_2023	38.74	39.25	39.77	39.73	39.75	41.01	40.87(-0.68%)	UD	OpenLong	75	0.8	29	220	37	4	33.15	55%	-0.05	68.8	2.37%	0.4	1.1	64	0.8
7	Dec_14_2023	38.76	39.04	39.78	39.37	39.22	39.92	41.15(2.88%)	UT	OpenLong	75	1.1	35	110	42	13	18.86	55%	-0.05	68.5	2.39%	1.2	1.4	67	1.6
8	Dec_13_2023	38.78	38.8	39.66	39.09	38.7	38.49	40(5.9%)	N/A	N/A	0	0.6	-2	-70	-2	-0	19.06	54%	-0.1	68.4	2.36%	2.7	0.8	63	1.4
9	Dec_12_2023	38.82	38.61	39.69	39.03	38.96	38.51	37.77(-2.83%)	CR	SmallShort	-20	-0.8	-16	-90	-24	7	11.75	50%	-0.13	63.1	2.25%	-1.9	-0.5	57	1.6
10	Dec_11_2023	38.87	38.46	39.99	39.45	39.36	38.91	38.87(-0.54%)	N/A	N/A	0	-0.3	-5	-90	-23	50	10.51	52%	-0.1	52.7	2.22%	-0.8	0.2	68	1.4

11	Dec_8_2023	38.91	38.25	39.95	39.8	39.69	39.4	39.08(-1.64%)	UD	OpenLong	65	-0.3	1	-60	-24	77	9.03	52%	-0.1	42.3	2.22%	-0.8	0.4	71	1.2
12	Dec_7_2023	38.95	38.01	39.83	40.23	40.07	39.81	39.73(0.1%)	UD	OpenLong	65	-0.2	21	-60	-9	110	15.4	52%	-0.13	36.8	2.21%	-0.8	0.8	74	1
13	Dec_6_2023	39	37.76	39.65	40.32	40.32	39.99	39.69(-0.5%)	UD	OpenLong	65	-0.3	22	-60	-12	124	9.48	52%	-0.15	32.4	2.21%	-1	0.8	74	1.2
14	Dec_5_2023	39.06	37.6	39.45	40.46	40.4	40.34	39.89(-1.8%)	UD	OpenLong	65	-0.3	28	-10	-11	144	14.88	52%	-0.13	33.4	2.21%	-0.8	1	77	1.3
15	Dec_4_2023	39.11	37.49	39.13	40.59	40.44	40.66	40.62(-1.41%)	UD	OpenLong	75	0	60	30	19	183	10.13	52%	-0.1	34.8	2.21%	0	1.4	88	1.4

16	Dec_1_2023	39.15	37.38	38.72	40.1	40.17	40.46	41.2(2.51%)	UT	HoldLong	65	0.5	70	60	31	187	14.17	52%	-0.1	30	2.22%	2	1.8	92	1.3
17	Nov_30_2023	39.19	37.19	38.24	39.38	39.54	40.21	40.19(-0.47%)	UD	OpenLong	75	0.4	66	130	28	181	21.95	51%	-0.13	23.7	2.18%	0.2	1.6	92	1.4
18	Nov_29_2023	39.24	37.03	37.85	38.88	38.89	39.88	40.38(-0.47%)	UD	OpenLong	75	0.8	80	180	46	183	12.78	51%	-0.08	18.9	2.18%	1	1.9	82	1.3
19	Nov_28_2023	39.27	36.86	37.41	38.29	38.24	38.87	40.57(6.26%)	UT	OpenLong	75	1.4	76	110	49	158	26.47	52%	-0.05	8.2	2.19%	2	2.3	66	1.5
20	Nov_27_2023	39.29	36.74	36.76	37.49	37.71	37.91	38.18(1.57%)	UT	OpenLong	75	0.5	42	50	24	96	10.98	47%	-0.1	-5.3	2.06%	1.6	1	49	1.3

21	Nov_24_2023	39.33	36.75	36.37	37.12	37.24	37.61	37.59(-0.27%)	UD	OpenLong	75	0.3	19	80	12	41	5.58	46%	-0.18	-11.5	2.06%	0	0.6	40	1.4
22	Nov_22_2023	39.4	36.74	36.01	36.92	36.97	37.5	37.69(0.72%)	UT	OpenLong	75	0.5	22	100	26	8	7.64	46%	-0.05	-21.9	2.05%	0.7	0.7	47	1.2
23	Nov_21_2023	39.42	36.69	35.71	36.65	36.74	36.86	37.42(2.35%)	N/A	N/A	0	0.5	11	30	22	-24	11.52	46%	-0.15	-36	2.06%	1.2	0.5	50	1.3
24	Nov_20_2023	39.48	36.73	35.61	36.39	36.43	36.43	36.56(0.58%)	DP	OpenShort	-65	0.1	-4	0	11	-48	11.01	44%	-0.15	-45.8	2.03%	0.2	-0.1	45	1.4
25	Nov_17_2023	39.54	36.81	35.7	35.91	36.24	36.62	36.35(-0.57%)	N/A	N/A	0	0.3	1	100	25	-70	8.31	44%		-57.1	2.04%	-1.1	-0.3	39	1.5
i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD