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

NEM — oversold signal, 20 Mar

short termlong term
RSI(2)1.8
RSI(14)26.9
Close $ · flag day95.80
Off 20-day high−27.4%
Avg volume11.7M

What followed

DateClose $ 5-day avg.vs flag close
20 Mar95.80104.55+0.0%
23 Mar98.14102.14+2.4%
24 Mar99.0299.74+3.4%
25 Mar101.5298.74+6.0%
26 Mar99.3698.77+3.7%
27 Mar102.10100.03+6.6%
30 Mar103.12101.02+7.6%
31 Mar108.25102.87+13.0%
01 Apr113.79105.32+18.8%
02 Apr114.05108.26+19.1%
06 Apr112.83110.41+17.8%

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