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NEWCREST MINING LIMITED (NCM.AX) - Buy, Sell or Hold?

Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Thu, 29 Jun 2017NoneBullish EngulfingTue, 06 Jun 2017-4.16%
***Stock database and scans are updated around midnight (Sydney time) every trading day.
21.55 0.00 (0%) Oct 20 6:59am AEST
Open: 21.79 Range: 21.52 - 21.84 Vol: 1.54M Avg Vol: 3.51M
EPS: 0.57 P/E ratio: 36.50 EBITDA: 1.56B Mkt Cap: 15.88B
Analyze "NCM.AX" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 21.15
Medium Term: Trading is Range Bound
Last Trade is above the 20 day moving average at 21.27
Last Trade is below the 50 day moving average at 21.75
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 21.50
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of NCM.AX

Stock Trend Analysis - Buy, Sell or Hold "NEWCREST MINING LIMITED" (NCM.AX)?

NCM.AX is trading below its 200 day moving average and objectively, many will consider the long term trend to be down. Care must however be taken with this view as in its last 52 week trading history, it is noted that NCM.AX has been range bound with a slight upward bias, having traded above the 200 SMA about 65% of the time. The 50 day moving average indicates a medium term trading range with a bullish upside inclination. The 20 day moving average is however on a slight bearish bias, otherwise, it is also indicating range bound trading. Objectively, as long as NCM.AX is trading below its 200 SMA, rallies will be sold into and traders can expect a lot of resistance near the 200 SMA currently at 21.50. Technically there are too many uncertainties to recommend a buy on this stock at this moment. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "NCM.AX".
Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Thu, 29 Jun 2017
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