Medium term view - NEWMONT MINING : Prices are breaking below the moving average, it is a sign of weakness.
Our previous opinion was neutral.We turn bearish with a target at 30,7 $and an invalidation level at 37,5 $.
The bullish trend may be reversing to bearish.
Arguments :
- The MACD is falling.
- Prices are breaking below the moving average, it is a sign of weakness.
Newmont is primarily a gold producer with operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia and Ghana. The company is also engaged in the production of copper, silver, lead and zinc. The company's operations are organized in five geographic regions; North America, South America, Australia, Africa and Nevada.
DayByDay is an independent research company providing global macro and single stock analysis, recommendation and allocation based purely on behavioural finance methods. Those include long term cycle analysis, sentiment analysis, and technical trigger. DayByDay serves all clients in need of practical and precise publications to make effective market decisions, on any time horizon, from a few hours to a few years.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.