Why is NEM Down Today?
About Newmont Corporation
Newmont is the world's largest gold miner. It bought Goldcorp in 2019, combined its Nevada mines in a joint venture with competitor Barrick later that year, and also purchased competitor Newcrest in November 2023. Its portfolio includes 17 wholly or majority owned mines and interests in two joint ve...
Overall Confidence: 65%
Based on news, social sentiment, options activity, and sector analysis
✅ Move Confirmation
UNCONFIRMED - Low volume suggests this move may not be sustainable.
📍 Sector Context
GOLD AND SILVER ORES sector: -7.8%
Market Comparison
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Historical Context
NEM has moved more than 3.0% down on 33 occasions in the past year.
Frequently Asked Questions
Why is NEM stock down today?
This appears to be a sector-wide move. The GOLD AND SILVER ORES sector is down 7.8% on average.
Is NEM stock a buy or sell right now?
Based on current analysis, NEM shows 65% confidence in today's move. Volume is low which does not confirm the trend. View full buy/sell analysis →
What is the NEM stock price target?
NEM is currently trading at $119.93. Based on today's momentum, the expected short-term range is $116.33 - $122.33. See long-term price prediction →
Will NEM stock continue falling?
Our analysis shows a 45% probability that NEM's move continues in the next 1-3 days. Key level to watch: $113.93 (support).
Is NEM stock oversold or overbought?
NEM's RSI (Relative Strength Index) is currently at 55.0. This shows bullish momentum - the stock has positive momentum but isn't overextended yet.
What is the momentum for NEM stock?
NEM's 10-day momentum indicator is at 7.32. Strong bullish momentum - the stock is gaining significant upward force. This often precedes continued gains.
Is NEM outperforming or underperforming the market?
NEM (-4.18%) is currently significantly underperforming the market (-3.8% vs SPY). Today, the S&P 500 (SPY) is down -0.37%, and Nasdaq (QQQ) is down -0.68%.
What does MACD indicate for NEM?
NEM's MACD (0.64) is currently above the signal line (-0.82), indicating a bullish trend. This technical signal suggests buying pressure is dominant. The trend strength (ADX: 18.6) is weak.
Is NEM in an uptrend or downtrend?
Based on moving average analysis, NEM is in a mixed/transitional trend. The price and moving averages are not clearly aligned, suggesting a potential trend change or consolidation phase. 20-day SMA: $114.83, 50-day SMA: $118.72.
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