NEM closes lower for the 2nd day in a row
Moving lower for the 2nd day in a row, NEM ended the week -2.36% lower at 35.60 after losing $0.11 (-0.31%) today on low volume. Today's closing price of 35.60 marks the lowest close since December 12, 2017. Closing below Thursday's low at 35.68, the stock confirms its breakout through the previous session's low having traded $0.29 below it intraday. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.
Friday's trading range was $0.57 (1.6%), that's slightly below last trading month's daily average range of $0.70. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being above average.
The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bullish.
Market Conditions for Newmont Mining Corp. (Hldg. Co.)
|Down Close Near Low of Period||TQ Pro Members Only|
|Closed below last periods low||TQ Pro Members Only|
|52 Week Low||TQ Pro Members Only|
|Very Strong Down Move||TQ Pro Members Only|
|Black Candle||TQ Pro Members Only|
More market conditions identified for TQ Pro members...
Learn more about TQ Pro