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

NEM — oversold signal, 19 May

short term
RSI(2)6.6
RSI(14)40.3
Close $ · flag day105.09
Off 20-day high−13.3%
Avg volume7.4M

What followed

DateClose $ 5-day avg.vs flag close
19 May105.09111.86+0.0%
20 May107.39109.54+2.2%
21 May108.33107.94+3.1%
22 May107.64107.66+2.4%
26 May111.61108.01+6.2%
27 May107.23108.44+2.0%
28 May108.23108.61+3.0%
29 May109.81108.90+4.5%
01 Jun108.19109.01+2.9%
02 Jun109.50108.59+4.2%
03 Jun107.47108.64+2.3%

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