Newmont Corp NEM Trading Signals

Longer Term Trading Plans for NEM
  • Buy NEM slightly over 41.40 target 53.49 stop loss @ 41.28 Details
  • The technical summary data tells us to buy NEM near 41.40 with an upside target of 53.49. This data also tells us to set a stop loss @ 41.28 to protect against excessive loss in case the stock begins to move against the trade. 41.40 is the first level of support below 43.5 , and by rule, any test of support is a buy signal. In this case, support 41.40 would be being tested, so a buy signal would exist.

  • Short NEM slightly under 53.49, target 41.40, stop loss @ 53.64 Details
  • The technical summary data is suggesting a short of NEM as it gets near 53.49 with a downside target of 41.40. We should have a stop loss in place at 53.64though. 53.49 is the first level of resistance above 43.5, and by rule, any test of resistance is a short signal. In this case, if resistance 53.49 is being tested, so a short signal would exist.

Swing Trading Plans for NEM
  • Buy NEM slightly over 53.49, target 66.79, Stop Loss @ 53.34 Details
  • If 53.49 begins to break higher, the technical summary data tells us to buy NEM just slightly over 53.49, with an upside target of 66.79. The data also tells us to set a stop loss @ 53.34 in case the stock turns against the trade. 53.49 is the first level of resistance above 43.5, and by rule, any break above resistance is a buy signal. In this case, 53.49, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short NEM slightly near 53.49, target 42.48, Stop Loss @ 53.64. Details
  • The technical summary data is suggesting a short of NEM if it tests 53.49 with a downside target of 42.48. We should have a stop loss in place at 53.64 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 53.49, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for NEM
  • Buy NEM slightly over 53.49, target 66.79, Stop Loss @ 53.37 Details
  • If 53.49 begins to break higher, the technical summary data tells us to buy NEM just slightly over 53.49, with an upside target of 66.79. The data also tells us to set a stop loss @ 53.37 in case the stock turns against the trade. 53.49 is the first level of resistance above 43.5, and by rule, any break above resistance is a buy signal. In this case, 53.49, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short NEM slightly near 53.49, target 42.92, Stop Loss @ 53.61. Details
  • The technical summary data is suggesting a short of NEM if it tests 53.49 with a downside target of 42.92. We should have a stop loss in place at 53.61 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 53.49, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

NEM Ratings for November 09:

Term →Near Mid Long
Rating Neutral Neutral Weak
P1 0 0 41.40
P2 39.40 39.24 53.49
P3 42.92 42.48 66.79
Triggers may have already come
Chart of NEM with Longer Term Pivots

NEM Long Term Analysis for November 9 2022

Blue = Current Price
Red= Resistance
Green = Support

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Trading Newmont Corp (NYSE: NEM) can be efficient and rewarding, especially in volatile markets, so long as the important pivot points for the stock are observed before making decisions to buy, sell, or short.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for NEM change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if NEM is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for NEM too.  All of these are offered below the Summary Table.