Logo image of NEM

NEWMONT CORP (NEM) Stock Technical Analysis

NYSE:NEM - New York Stock Exchange, Inc. - US6516391066 - Common Stock - Currency: USD

58.19  +0.2 (+0.34%)

After market: 58.28 +0.09 (+0.15%)

Technical Rating and Analysis

7

Taking everything into account, NEM scores 7 out of 10 in our technical rating. Although NEM is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.

Both the short term and long term trends are positive. This is a very positive sign.
NEM is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so NEM is lagging the market slightly.
In the last month NEM has a been trading in the 55.37 - 61.17 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
NEM has an average volume of 12470600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, NEM turns out to be only a medium performer in the overall market: it outperformed 69% of all stocks.
NEM is an average performer in the Metals & Mining industry, it outperforms 49% of 154 stocks in the same industry.
Weekly and Daily overview Charts
NEWMONT CORP / NEM Weekly stock chart
NEWMONT CORP / NEM Daily stock chart
Setup Rating and Analysis

7

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. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 60.14. Right above this resistance zone may be a good entry point.

Support and Resistance Analysis

41.74

61.44

When analyzing the support we can see 5 important areas.

  • Support @57.99 from a trend line in the daily time frame.
  • A support zone ranging from 55.55 to 55.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @52.35 from a horizontal line in the daily time frame.
  • Support @50.09 from a horizontal line in the weekly time frame.
  • Support @42.16 from a trend line in the weekly time frame.

We found 1 important resistance area.

  • A resistance zone ranging from 60.14 to 60.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorUPPOSITIVEThe long term trend for NEM is up.
ChartMill Short Term Trend IndicatorUPPOSITIVEThe short term trend for NEM is up.
ChartMill Relative Strength69.17NEUTRALNEM is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)DOWNNEGATIVEThe current price of NEM is below a declining SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of NEM is above the rising SMA(50).
Simple Moving Average/SMA (200)UPPOSITIVEThe current price of NEM is above the rising SMA(200).
Relative Strength Index/RSI (14)51.44NEUTRALThe RSI value for NEM is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)-0.35NEGATIVEThe MACD value suggests NEM has a negative trend.
Stochastics (14,3)48.97NEUTRALThe Stochastics value for NEM is a neutral value.
Average True Range in percent/ATR (20)2.99MEDIUM VOLATILITYThe ATR as a percentage value for NEM suggests some volalility.
Average Directional Index/ADX (14)23.96NEUTRALThe ADX value for NEM suggests a possible start of a new trend.
Chart- and CandleStick Pattern Analysis
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Example Setup

Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.

ENTRYEXITDISTANCECAPITAL
58.9357.980.95 (1.62%)25.00%
An entry @58.93. This is a Buy Stop order right above the 10 day moving average.An exit @57.98. This is a Stop Loss order right below the support zone.The worst case loss on the trade is limited to 0.95 points, which is 1.62%.For a 0.40% total portfolio risk, you can invest 25.00% of your capital in this trade.

  • The distance between exit and entry is rather small compared to the average daily movement of NEM. Please evaluate whether better entry and exit points can be found.
  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NEWMONT CORP / NEM Daily stock chart

NEWMONT CORP

NYSE:NEM (7/18/2025, 8:04:00 PM)

After market: 58.28 +0.09 (+0.15%)

58.19

+0.2 (+0.34%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0.34%
1 Week-3.23%
2 Weeks-2.85%
1 Month-0.12%
3 Month5.65%
6 Month39.64%
12 Month23.81%
2 Year35.58%
3 Year28.51%
5 Year-15.91%
10 Year238.91%
15 Year4.1%
Volatility
ATR(14)1.74
ATR(20)%2.99%
ATR Inc-31.52%
Range Today0.8
ADR(20)1.56
ADR(20)%2.67%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS69.17
Mansfield0.97
10 Day High61.17
10 Day Low55.37
20 Day High61.17
20 Day Low55.37
52 Week High61.17
52 Week Low36.86
CS1 End57.99
CR1 Start60.14
Volume & EV
DER(3)1.15%
DER(5)0.43%
Volume13.52M
Volume Incr35.24%
Vol(5)16.42M
Vol(50)12.47M