NEM (NEM) — Downtrend in force
NEM (NEM) is trading at $116.11, -0.98 (24.6%) on the session. Over the last 128 sessions the trend is down with a +2.9% move. Price is -14.1% from its 6-month high and +30.2% from its 6-month low. Annualised volatility (30-day) is ~33%.
Probability scenarios
Bearish bias — 2 bullish, 5 bearish, 1 neutral of 8 signals.
Trend Downtrend in force
NEM (NEM) is trading at $116.11. Over the last 128 sessions the trend is **down** with a +2.9% move.
Price is -14.1% from the 6-month high and +30.2% from the low. Annualised volatility (30-day) is ~33%.
Price is below the 15-day MA ($119.79, -3.1%) and below the 50-day SMA ($118.74).
Bollinger Bands Inside the bands — range-bound
Bollinger Bands (20, 2): price is at $116.11, upper $130.15, middle $121.29, lower $112.42. Price is inside the bands — range-bound.
Bandwidth is 14.6% of price — moderate. Width contraction often precedes a directional breakout; expansion confirms one underway.
RSI (14) Below 50
RSI(14) is 37.1. Momentum has faded; the bullish case needs rebuilding.
Generally: above 70 = overheated, above 50 = bullish trend, below 50 = bearish trend, below 30 = oversold.
MACD (12, 26, 9) Bearish — momentum slowing
MACD (12, 26, 9): line $-1.56, signal $-0.36, histogram -1.201.
The fast line has crossed below the signal line and the histogram is negative. Price may still be rising overall, but momentum is weakening — often seen before a correction, a sideways consolidation, or a final push higher.
Volume Analysis Balanced volume
Up-day and down-day volume are roughly even (ratio 0.83) over the recent 19 sessions — no strong conviction either way.
Rule of thumb: price up on high volume = accumulation; price down on high volume = distribution. Low-volume pullbacks after a rally are usually profit-taking, not panic.
Smart Money (A/D) Smart money accumulating
The Accumulation/Distribution line is rising and sitting well off highs. Institutions are not aggressively distributing — large funds still appear net long.
A/D combines price position within the day's range with volume: rising = net buying pressure, falling = net selling pressure. It often leads price at turning points.
Anchored VWAP Above anchored VWAP — period buyers in profit
Price ($116.11) is +5.3% above the anchored VWAP ($110.30). Buyers who entered at the period's volume-weighted average are in profit and less likely to panic-sell.
Anchored VWAP is the volume-weighted average from the start of the scraped series — a proxy for the period's average institutional cost basis.
Key Levels 3 resistance / 2 support levels
Current price $116.11. Resistance above: $117.29, $123.67, $126.00. Support below: $114.63, $112.42.
Watch $117.29 as the first upside level to clear, and $114.63 as the first downside level to hold. A clean break of either often determines the next leg.
Resistance
$117.29
Resistance
$123.67
Resistance
$126.00
Support
$114.63
Support
$112.42
Signal breakdown
- Trend (6mo) Bearish Linear-regression slope is down (+2.9% over the period).
- Price vs 50-day SMA Bearish Price is below the 50-day SMA ($118.74).
- RSI (14) Bearish RSI 37 — below 50, momentum fading.
- MACD (12,26,9) Bearish Histogram negative (-1.201) — fast line below signal.
- Bollinger %B Bearish Price in the lower half of the bands (%B 0.21).
- Volume profile Neutral Volume balanced between up and down days.
- A/D line Bullish A/D line slope is rising — institutions accumulating.
- AVWAP Bullish Price above anchored VWAP ($110.30).
Generated from 128 daily closes in the scraped 6-month OHLCV series (quote data 2026-10-06T15:33:04.178412537Z). Every level, rating, and probability traces to a computed indicator — no commentary is hand-written or fixed per symbol. Recomputed on each page load from the latest scrape.