Technical analysis from Newcrest Mining (NCM.AX, ASX:NCM.AX) on the Australian Stock Exchange (ASX). Download the latest price data & trading signals

Newcrest Mining
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Newcrest Mining: Rate of Change (14)
Rate of Change /
Newcrest Mining: Rate of Change (14)

[BULLISH]: Newcrest Mining currently has positive rate of change of 3.315%. This means the current price is greater than the price 14 days ago and therefore gaining momentum & is a leading indicator of price movement in the upward direction

[Long]: Entry price for NCM should be set @$21.3175
Demarks Pivot Points /
[Long]: Entry price for NCM should be set @$21.3175

Newcrest Mining has broken the first DeMark resistance point ($21.3175) [Bullish]. Look for a long limit order entry near this point. Exit price for NCM should be set @$21.655 & Stoploss for Newcrest Mining should be set at $21.085

Fibonacci Extensions /
[Short]: Limit orders for Newcrest Mining should be set at $5.14

Newcrest Mining has moved above the 161.8% level ($5.14) [Bearish]. Look for a short limit order entry near this point. Exit price for NCM should be set @$4.79 & short position stoploss for Newcrest Mining should be set at $5.49

Opening Price /
Newcrest Mining: Daily opening performance is -0.9 % [Downntrend]

[BEARISH]: Newcrest Mining opening price has gapped down. Currently, the OPEN is $21.08 (-0.9 %).

Aroon Oscillator /
Recent trading indicates Aroon downward trend direction likely for NCM [Downtrend]

[BEARISH]: Newcrest Mining has a current ARU(25) of 64 and a current ARD(25) of 76

Chaikin Money Flow /
Newcrest Mining continues positive divergence & potential shift in direction

NCM: Chaikin Oscillator Current Signal -> (1) 20 Jun: BULLISH (2) 19 Jun: BULLISH (3) 18 Jun: BULLISH CROSSOVER

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Momentum /
5-day momentum is increasing for Newcrest Mining

[BULLISH]: Newcrest Mining currently has positive momentum of 0.89. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is 0.1%. The largest upward momentum rally for the last 3 months is 17 days producing a return of 8.1%.

DPO(20) for Newcrest Mining has confirmed bullish direction is likely to continue
Detrended Price Oscillator /
DPO(20) for Newcrest Mining has confirmed bullish direction is likely to continue

[BULLISH]: Newcrest Mining currently has a confirmed uptrend. Price is currently above the displaced moving average for NCM. Currently, the return on DPO20 is 0.1%.

Recent upward trend has reduced drawdown exposure associated with Newcrest Mining
Ulcer Index /
Recent upward trend has reduced drawdown exposure associated with Newcrest Mining

NCM: UIX Current Signal -> (1) 20 Jun: Low stress (2) 19 Jun: Low stress (3) 18 Jun: Low stress

MACD /
Newcrest Mining: MACD oscillator (0.0432)

[BULLISH]: Newcrest Mining currently has positive MACD of 0.0432. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is 0.1%.

Elders Force Index /
Newcrest Mining: Direction, extent & volume have increased in recent trading [Buying Pressure]

NCM: Elders Force Index Current Signal -> (1) 20 Jun: BULLISH (2) 19 Jun: BULLISH (3) 18 Jun: BULLISH CROSSOVER

Low Price /
Newcrest Mining: Daily low price is $20.98 [Lower low]

NCM: LOW Current Signal -> (1) 20 Jun: BEARISH (2) 19 Jun: BULLISH (3) 18 Jun: BEARISH

Stochastic Oscillator (71.1) for NCM is now above the overbought limit
Stochastic Oscillator /
Stochastic Oscillator (71.1) for NCM is now above the overbought limit

[BEARISH]: Newcrest Mining is currently Overbought highlighting the potential for a short term trend reversal in the downward direction.

[Long]: Limit orders for Newcrest Mining should be set at $21.5
Pivot Points /
[Long]: Limit orders for Newcrest Mining should be set at $21.5

Newcrest Mining has broken the first resistance point ($21.5) [Bullish]. Look for a long limit order entry near this point. Exit price for NCM should be set @$21.81 & Stoploss for Newcrest Mining should be set between $20.67 & $20.36

Volume /
[Bullish]: New volume high has formed for NCM by 13.0 during the last trading session

[BULLISH]: Newcrest Mining current volume uptrend in the first timeframe. Volume for NCM is 2.48552e+006 (13.0).

MACD Volume /
Newcrest Mining: Volume MACD oscillator (16409)

[BULLISH]: Newcrest Mining currently has positive Volume MACD of 16409. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Moving Average Envelope /
NCM: Price continues to move below the Lower Envelope Band @$19.988

[BEARISH]: Newcrest Mining current trading has maintained the Envelope Bands to overbought status and signalled the continuation of the bearish trading conditions. Currently, the Upper Band is 22.092.

Recent trading signals Newcrest Mining is being accumulated
Daily Volume Index /
Recent trading signals Newcrest Mining is being accumulated

[BULLISH]: Newcrest Mining current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 5558.

NCM: Price continues to move above the TMA(5) @$20.739
Triangular Moving Average /
NCM: Price continues to move above the TMA(5) @$20.739

[BULLISH]: Newcrest Mining currently has a confirmed uptrend. Recent trading has caused the TMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is 0.1%.

Bull power has increased for Newcrest Mining signalling bullish conditions are likely
Elder Ray Index /
Bull power has increased for Newcrest Mining signalling bullish conditions are likely

[BULLISH]: Newcrest Mining Elder Ray Index is signalling a Bullish movementERI is 0.611 indicating bull power. Prices are being driven above the consensus of value for NCM during the last trading session [Buying Pressure]

Percentage Volume /
[Bullish]: Newcrest Mining currently has positive PVO 11.47

[BULLISH]: Newcrest Mining currently has positive PVO 11.47%. The recent volume is gaining momentum through a rise on the short term exponential moving average. Currently, the return on PVO is 0.8%.

Medium Trend /
Daily trading has maintained an Downtrend medium trend for Newcrest Mining

[BEARISH]: Newcrest Mining is in an downtrend in the medium term timeframe. The current rally number is 7 & the highest rally count for the LTM is 32. The highest rally for the month is 13

Weighted Moving Average /
[Bullish]: WMA(5) is serving as a support line for Newcrest Mining

[BULLISH]: Newcrest Mining currently has a confirmed uptrend. Recent trading has caused the WMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is 0.1%.

On Balance Volume /
Newcrest Mining: Current trading activity signals OBV accumulation is present

[BULLISH]: Newcrest Mining current price has highlighted recent accumulation. Currently, the OBV is 1.85618e+007.

PPO has positive momentum signalling commencement of upward price rise for NCM
Percentage Price /
PPO has positive momentum signalling commencement of upward price rise for NCM

[BULLISH CROSSOVER]: Newcrest Mining currently has positive PPO 0.039%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Newcrest Mining: Buyers have lost commitment.
Open Tod Vs Close Tod /
Newcrest Mining: Buyers have lost commitment.

[BULLISH WEAK]: Newcrest Mining opened in the lower part of daily range at 17.5% & closed in the middle part of the trading range at 36.8%. This suggests the buyers have lost commitment. Over the last 12 months there has been 38 trading days with the opening price in the lower shadow & the closing the price in the middle shadow giving a confirmation ratio of 14.4%. Over the last month there has been 4 trading days with the opening price in the lower price range & the closing the price in the middle price range giving a confirmation ratio of 30.8%.

Long Trend /
Newcrest Mining: 3rd timeframe trend Uptrend remains intact

NCM: Long Term Trend Current Signal -> (1) 20 Jun: BULLISH (2) 19 Jun: NEUTRAL (3) 18 Jun: NEUTRAL

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