The gold producer Newmont (WKN 853823) impressively achieved the further positive price development expected in the chart check of September 23, surpassing the $100 mark at the turn of the year.
The twelve-month chart shows the steady and significant increase in the share price within the green trend channel – even during the past turbulent days, the lower trend line has not yet been touched.
Both average lines are clearly rising – furthermore, the 100-day moving average pleasingly remains clearly above the 200-day moving average.
The Stochastic indicator is already near its lows and is currently generating a buy signal – for this to happen, the blue line must cross the red line upwards.
The Overbought/Oversold indicator also reached its lowest level in the last twelve months – with a slightly negative value, the indicator is moving into the oversold territory – moreover, in the past, an upward reversal of the price always followed at this level.
This could also be indicated by the Chaikin Money Flow (which has been in the green throughout the entire observation period, thus indicating a permanent inflow of capital into the stock) – as it has shown an upward trend again for a good two weeks.
