By Mill Chart
Last update: May 7, 2025
Our stock screener has detected a potential breakout setup on NEWMONT CORP (NYSE:NEM). This breakout pattern is observed when a stock consolidates following a strong upward movement. It's important to note that this pattern is based on technical analysis, and the actual breakout outcome is uncertain. However, it might be worth keeping an eye on NYSE:NEM.
ChartMill assigns a Technical Rating to every stock. This score, ranging from 0 to 10, is updated daily and is determined by evaluating multiple technical indicators and properties.
Overall NEM gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NEM is showing a nice and steady performance.
Our latest full technical report of NEM contains the most current technical analsysis.
Besides the Technical Rating, ChartMill assigns a Setup Rating to every stock to determine the degree of consolidation. This rating, ranging from 0 to 10, is updated daily and evaluates various short-term technical indicators. NEM currently holds a 8 as its setup rating, suggesting a particular level of consolidation in the stock.
NEM has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 53.32, a Stop Loss order could be placed below this zone.
Every stock receives a High Growth Momentum Rating (HGM) from ChartMill, ranging from 0 to 10. This rating assesses various growth and profitability aspects, including historical and projected EPS and revenue growth. NEM boasts a 6 out of 10:
More ideas for high growth momentum breakouts can be found on ChartMill in our High Growth Momentum Breakout screen.
Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.
55.28
-0.06 (-0.11%)
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NEWMONT CORP (NYSE:NEM) shows strong earnings growth, rising margins, and solid cash flow, making it a candidate for growth investors. Valuation remains reasonable despite recent outperformance.
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