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

NEM — oversold signal, 15 May

short term
RSI(2)4.4
RSI(14)44.2
Close $ · flag day109.06
Off 20-day high−10.1%
Avg volume7.3M

What followed

DateClose $ 5-day avg.vs flag close
15 May109.06116.94+0.0%
18 May109.85114.78+0.7%
19 May105.09111.86-3.6%
20 May107.39109.54-1.5%
21 May108.33107.94-0.7%
22 May107.64107.66-1.3%
26 May111.61108.01+2.3%
27 May107.23108.44-1.7%
28 May108.23108.61-0.8%
29 May109.81108.90+0.7%
01 Jun108.19109.01-0.8%

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 15 May. The freshest lists go out in the daily alert at 21:30 CET.