Closing Note
updated 2026-07-24 14:52 UTC

NEM — oversold signal, 30 Jan

short term
RSI(2)8.7
RSI(14)48.4
Close $ · flag day112.35
Off 20-day high−16.7%
Avg volume10.3M

What followed

DateClose $ 5-day avg.vs flag close
30 Jan112.35124.83+0.0%
02 Feb112.85122.22+0.4%
03 Feb117.14120.24+4.3%
04 Feb116.85117.22+4.0%
05 Feb108.53113.54-3.4%
06 Feb115.32114.14+2.6%
09 Feb120.73115.71+7.5%
10 Feb121.53116.59+8.2%
11 Feb124.60118.14+10.9%
12 Feb118.12120.06+5.1%
13 Feb125.80122.16+12.0%

The rule flags the close; the strategy's exit is the first close above the 5-day average, or six trading days, whichever comes first. Shown for research — not every flag is traded.

Research chart

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From the oversold list of 30 Jan. The freshest lists go out in the daily alert at 21:30 CET.