Newmont (NEM) Loses -28% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

Zacks11-15 22:35

Newmont Corporation (NEM) has been on a downward spiral lately with significant selling pressure. After declining 28% over the past four weeks, the stock looks well positioned for a trend reversal as ...

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After declining 28% over the past four weeks, the stock looks well positioned for a trend reversal as ...</p>\n\n<a href=\"https://finance.yahoo.com/news/newmont-nem-loses-28-4-143507273.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SG9999001143.SGD","symbol_name":"United Gold and General A Acc SGD","start_time":0,"source_url":"https://finance.yahoo.com/news/newmont-nem-loses-28-4-143507273.html","article_id":"2483604306","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/ksLAzii1aL14haHFbPC1Rg--~B/aD02MDE7dz05MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/bdc2850a48a0f40806db817a9e24f36f"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483604306","pubTimestamp":1731681307,"sourceInfo":{"source_id":"yahoofinance_au","name":"Yahoo Finance AU"},"weMediaInfo":null,"summary":"Newmont Corporation  has been on a downward spiral lately with significant selling pressure. After declining 28% over the past four weeks, the stock looks well positioned for a trend reversal as it is now in oversold territory and there is strong agreement among Wall Street analysts that the company will report better earnings than they predicted earlier.We use Relative Strength Index , one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator that measures the speed and change of price movements.RSI oscillates between zero and 100. Usually, a stock is considered oversold when its RSI reading falls below 30.Technically, every stock oscillates between being overbought and oversold irrespective of the quality of their fundamentals. And the beauty of RSI is that it helps you quickly and easily check if a stock's price is reaching a point of reversal.The RSI reading of 23.28 for NEM is an indication that the heavy selling co","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SG9999001143.SGD":"United Gold and General A Acc SGD","BK4585":"ETF&股票定投概念","LU0498741114.HKD":"FRANKLIN GOLD & PRECIOUS METALS \"A\" (HKD) ACC","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4150":"赌场与赌博","LU0788108826.HKD":"BGF WORLD GOLD \"A2\" (HKDHGD) ACC","LU1223082519.USD":"SCHRODER ISF GLOBAL GOLD \"A\" (USD) INC AV","LU1023059493.AUD":"Blackrock World Mining A2 AUD-H","NEM":"纽曼矿业","LU1223083913.SGD":"Schroder ISF Global Gold A Acc SGD-H","LU0724618789.USD":"BGF WORLD GOLD \"A4\" (USD) INC","BK4588":"碎股","LU0055631609.USD":"贝莱德世界黄金基金A2","NEM.AU":"Newmont Corp","LU1223082196.USD":"施罗德环球黄金A Acc","LU0278409577.USD":"MANULIFE GLOBAL FUND-GLOBAL RESOURCES FUND \"AA\" (USD) INC","LU0075056555.USD":"贝莱德世界矿业基金A2","LU1430597077.USD":"BGF NATURAL RESOURCES \"A\" (USD) INC","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","BK7104":"黄金","RSI":"Rush Street Interactive, Inc.","LU0612318385.USD":"BGF NATURAL RESOURCES \"A2\" (USD) ACC","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","LU0368265764.SGD":"Blackrock World Gold Fund A2 SGD-H","LU0496367417.USD":"富兰克林黄金和贵金属A（acc）","LU0330918003.SGD":"Blackrock World Mining A2 SGD-H","BK4017":"黄金","LU0788109121.HKD":"BGF WORLD MINING \"A2\" (HKDHGD) ACC","LU2462611646.USD":"AMUNDI FUNDS REAL ASSETS TARGET INCOME \"A2\" (USD) INC MTI","LU2498475776.HKD":"AMUNDI FUNDS REAL ASSETS TARGET INCOME \"A2\" (HKD) INC","LU1883866441.USD":"AMUNDI FUNDS REAL ASSETS TARGET INCOME \"A2\" (USD) ACC","LU0266512127.USD":"摩根大通环球自然资源 A(acc)","LU0654597011.USD":"BGF NATURAL RESOURCES \"A4G\" (USD) INC","BK4532":"文艺复兴科技持仓","BK4570":"地缘局势概念股","LU0300736492.USD":"FRANKLIN NATURAL RESOURCES \"A\" (USD) INC","LU0456854461.SGD":"JPMorgan Funds - Global Natural Resources A (acc) SGD","LU0498741890.SGD":"FTIF - Franklin Gold and Precious Metals A (acc) SGD","LU0612318971.USD":"BGF NATURAL RESOURCES \"A5G\" (USD) INC","LU0300736062.USD":"FRANKLIN NATURAL RESOURCES \"A\" (USD) ACC"},"translate_title":"纽蒙特(NEM)在4周内下跌-28%，这就是为什么趋势逆转可能即将到来","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RSI":1,"NEM.AU":1,"NEM":1},"content_text":"Newmont Corporation (NEM) has been on a downward spiral lately with significant selling pressure. After declining 28% over the past four weeks, the stock looks well positioned for a trend reversal as it is now in oversold territory and there is strong agreement among Wall Street analysts that the company will report better earnings than they predicted earlier.\nHere is How to Spot Oversold Stocks\nWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator that measures the speed and change of price movements.\nRSI oscillates between zero and 100. Usually, a stock is considered oversold when its RSI reading falls below 30.\nTechnically, every stock oscillates between being overbought and oversold irrespective of the quality of their fundamentals. And the beauty of RSI is that it helps you quickly and easily check if a stock's price is reaching a point of reversal.\nSo, by this measure, if a stock has gotten too far below its fair value just because of unwarranted selling pressure, investors may start looking for entry opportunities in the stock for benefitting from the inevitable rebound.\nHowever, like every investing tool, RSI has its limitations, and should not be used alone for making an investment decision.\nHere's Why NEM Could Experience a Turnaround\nThe RSI reading of 23.28 for NEM is an indication that the heavy selling could be in the process of exhausting itself, so the stock could bounce back in a quest for reaching the old equilibrium of supply and demand.\n\nThis technical indicator is not the only factor that calls for a potential rebound for the stock. There is a fundamental indicator as well. A strong agreement among sell-side analysts covering NEM in raising earnings estimates for the current year has led to an increase in the consensus EPS estimate by 2.9% over the last 30 days. And an upward trend in earnings estimate revisions usually translates into price appreciation in the near term.\nMoreover, NEM currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises. This is a more conclusive indication of the stock's potential turnaround in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nNewmont Corporation (NEM) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2483604306"}