Why did NCM.AX stock spike in volume today?

The spike to **106,785,449** shares reflects large block trades and index or ETF rebalancing in the gold sector. High relative volume often comes from institutional flows rather than company news, so watch volume decay and price confirmation before trading.

What short-term levels matter for NCM.AX stock intraday?

Key intraday levels are support at **A$23.00** and resistance at **A$24.50**. A confirmed move above **A$24.50** on volume suggests momentum; failure to hold **A$23.00** risks a deeper pullback.

How does Meyka AI view NCM.AX stock for investors?

Meyka AI gives NCM.AX a **64.95 / 100** score, grade **B** and a HOLD suggestion. The model highlights healthy cash flow and dividends but notes near-term technical weakness. This is informational, not investment advice.

What upside does the Meyka AI forecast show for NCM.AX stock?

Meyka AI's one-year forecast is **A$38.75**, implying a **66.00%** upside from **A$23.35**. Forecasts are model outputs and carry uncertainty; they are not guarantees.

AU Stocks

106.79M volume spike for Newcrest Mining (NCM.AX ASX) 12 Feb 2026: intraday A$23.35, watch levels

ByDanny Kontos February 12, 2026February 12, 2026

A heavy intraday trade hit Newcrest Mining Limited (NCM.AX) on 12 Feb 2026, with 106,785,449 shares changing hands versus a 4,354,702 average. That surge in activity pushed the price to A$23.35 as of this intraday update and flagged a clear volume event for traders. The jump in relative volume (about 24.52x average) accompanies a small pullback of -1.27% today, suggesting short-term repositioning rather than a fresh sell-off. We track this as a volume spike setup with immediate levels and valuation context for the ASX gold miner.