RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of NGT.TO
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Green day on Wednesday for Newmont Goldcorp Corporation
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 04, 2024 Gain 5.35% PDF

The Newmont Goldcorp Corporation stock price gained 3.62% on the last trading day (Wednesday, 27th Mar 2024), rising from $46.19 to $47.86. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.73% from a day low at $46.59 to a day high of $47.86. The price has risen in 6 of the last 10 days and is up by 3.28% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 108 thousand more shares were traded than the day before. In total, 229 thousand shares were bought and sold for approximately $10.94 million.

Given the current short-term trend, the stock is expected to fall -13.59% during the next 3 months and, with a 90% probability hold a price between $32.74 and $41.36 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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NGT.TO Signals & Forecast

The Newmont Goldcorp Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $46.38 and $44.78. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, February 27, 2024, and so far it has risen 18.35%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Newmont Goldcorp Corporation stock

On the downside, the stock finds support just below today's level from accumulated volume at $45.43 and $42.39. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Newmont Goldcorp Corporation finds support just below today's level at $45.43. If this is broken, then the next support from accumulated volume will be at $42.39 and $41.68.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.27 between high and low, or 2.73%. For the last week, the stock has had daily average volatility of 2.34%.

Our recommended stop-loss: $45.27 (-5.41%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 21 days ago.)

Trading Expectations (NGT.TO) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Newmont Goldcorp Corporation to open at $47.44, and during the day (based on 14 day Average True Range), to move between $46.51 and $49.21, which gives a possible trading interval of +/-$1.35 (+/-2.82%) up or down from last closing price. If Newmont Goldcorp Corporation takes out the full calculated possible swing range there will be an estimated 5.64% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $48.61 (1.57%) than the support at $45.43 (5.08%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Newmont Goldcorp Corporation stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

Current score: 2.385 Buy Candidate Unchanged

Predicted Opening Price for Newmont Goldcorp Corporation of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$47.44 ( 0.88%) $47.86

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for NGT.TO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 48.71 1.77 %
R2 48.22 0.755 %
R1 47.92 0.129 %
Current price: 47.86
Support S1 46.95 -1.90 %
S2 46.65 -2.52 %
S3 46.17 -3.54 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 51.77 8.17 %
R2 50.80 6.14 %
R1 48.61 1.57 %
Current price 47.86
Support S1 45.43 -5.08%
S2 42.39 -11.43%
S3 41.68 -12.91%

NGT Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 22, 2024 Mar 04, 2024 Mar 28, 2024 $0.338 0.706%
2 Oct 26, 2023 Nov 29, 2023 Dec 22, 2023 $0.543 0.97%
3 Jul 20, 2023 Sep 06, 2023 Sep 21, 2023 $0.530 0.97%
4 Apr 27, 2023 May 31, 2023 Jun 15, 2023 $0.541 0.96%
5 Feb 23, 2023 Mar 08, 2023 Mar 23, 2023 $0.532 0.81%

FAQ

What is the symbol for Newmont Goldcorp Corporation Stock and on which exchange is it traded?
The symbol for Newmont Goldcorp Corporation is NGT.TO and it is traded on the TSX (Toronto Stock Exchange).

Should I buy or sell Newmont Goldcorp Corporation Stock?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

How to buy Newmont Goldcorp Corporation Stock?
Newmont Goldcorp Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Newmont Goldcorp Corporation Stock.

What's the current price of Newmont Goldcorp Corporation Stock?
As of the end of day on the 2024-03-27, the price of an Newmont Goldcorp Corporation (NGT.TO) share was $47.86.

What is the 52-week high and low for Newmont Goldcorp Corporation Stock?
The 52-week high for Newmont Goldcorp Corporation Stock is $70.88 and the 52-week low is $39.96.

What is the market capitalization of Newmont Goldcorp Corporation Stock?
As of the 2024-03-27, the market capitalization of Newmont Goldcorp Corporation is 55.173B.

When is the next earnings date for Newmont Goldcorp Corporation?
The upcoming earnings date for Newmont Goldcorp Corporation is Apr 25, 2024.
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About Newmont Goldcorp Corporation

Newmont Gold Newmont Corporation engages in the production and exploration of gold. It also explores for copper, silver, zinc, and lead. The company has operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, and Ghana. As of December 31, 2021, it had proven and probable gold reserves of 92.8 million ounces and land position of 62,800 square kilometers. The company was founded in 1916 and... NGT.TO Profile

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