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

NEM — oversold signal, 03 Mar

short term
RSI(2)8.8
RSI(14)47.0
Close $ · flag day118.52
Off 20-day high−10.2%
Avg volume9.8M

What followed

DateClose $ 5-day avg.vs flag close
03 Mar118.52125.91+0.0%
04 Mar119.37124.82+0.7%
05 Mar116.09122.54-2.1%
06 Mar116.29119.80-1.9%
09 Mar116.96117.45-1.3%
10 Mar118.90117.52+0.3%
11 Mar116.21116.89-1.9%
12 Mar114.48116.57-3.4%
13 Mar109.58115.23-7.5%
16 Mar110.19113.87-7.0%
17 Mar111.04112.30-6.3%

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 03 Mar. The freshest lists go out in the daily alert at 21:30 CET.