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NEM stock declined 1.6% in the last session, trading at 108.61. Although the RSI at 38.9 is approaching oversold territory, it has not yet signaled a recovery. The MACD line remains below the signal line and in negative territory, confirming weak momentum. Trading below the short-term SMA20 (109.46) and medium-term SMA50 (111.94) indicates a negative technical outlook. With no news flow, the market will focus on technical levels, and a break below the 108.50 support could increase selling pressure.