NEWMONT CORP (NGT.CA) Stock Technical Analysis
TSX:NGT - Toronto Stock Exchange - US6516391066 - Common Stock - Currency: CAD
Taking everything into account, NGT scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, NGT is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
NGT 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 NGT is lagging the market slightly.
In the last month NGT has a been trading in the 75.99 - 83.74 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.
When comparing the performance of all stocks over the past year, NGT turns out to be only a medium performer in the overall market: it outperformed 60% of all stocks.
NGT is an average performer in the Metals & Mining industry, it outperforms 49% of 794 stocks in the same industry.
Volume is considerably higher in the last couple of days.
NGT 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.
More info and screens
55.01
84.15
When analyzing the support we can see 7 important areas.
- Support @78.69 from a trend line in the daily time frame.
- A support zone ranging from 76.25 to 76.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @70.00 from a horizontal line in the weekly time frame.
- Support @67.97 from a horizontal line in the daily time frame.
- Support @62.68 from a trend line in the weekly time frame.
- Support @60.60 from a horizontal line in the daily time frame.
- Support @55.57 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 80.51 to 83.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for NGT.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NGT.CA is up. |
| ChartMill Relative Strength | 60.31 | NEUTRAL | NGT.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of NGT.CA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NGT.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NGT.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.69 | NEUTRAL | The RSI value for NGT.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.41 | NEGATIVE | The MACD value suggests NGT.CA has a negative trend. |
| Stochastics (14,3) | 49.59 | NEUTRAL | The Stochastics value for NGT.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.89 | MEDIUM VOLATILITY | The ATR as a percentage value for NGT.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 19.94 | NEGATIVE | The low ADX value for NGT.CA suggests a weak or negative trend. |
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)
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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 80.71 | 78.68 | 2.03 (2.51%) | 25.00% |
| An entry @80.70. This is a Buy Stop order right above the 10 day moving average. | An exit @78.68. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.03 points, which is 2.51%. | For a 0.63% 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 NGT. 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.
TSX:NGT (7/18/2025, 7:00:00 PM)
79.86
+0.16 (+0.2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0.2%
1 Week-2.94%
2 Weeks-1.94%
1 Month0.68%
3 Month4.78%
6 Month32.48%
12 Month23.62%
2 Year41.07%
3 Year37.83%
5 Year-13.9%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.29
ATR(20)%2.89%
ATR Inc-40.79%
Range Today0.97
ADR(20)2
ADR(20)%2.5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS60.31
Mansfield0.81
10 Day High83.74
10 Day Low75.99
20 Day High83.74
20 Day Low75.99
52 Week High83.74
52 Week Low53.03
CS1 End78.69
CR1 Start80.51
Volume & EV
DER(3)0%
DER(5)0%
Volume156.01K
Volume Incr58.48%
Vol(5)338.93K
Vol(50)227.00K