NEWMONT CORP (NGT.CA) Stock Technical Analysis
TSX:NGT - Toronto Stock Exchange - US6516391066 - Common Stock - Currency: CAD
Overall NGT gets a technical rating of 8 out of 10. Although NGT 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.
NGT is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month NGT has a been trading in the 76.94 - 82.88 range, which is quite wide. It is currently trading near the high of this range.
When compared to the yearly performance of all other stocks, NGT outperforms 67% of them, which is more or less in line with the market.
NGT is an average performer in the Metals & Mining industry, it outperforms 51% of 805 stocks in the same industry.
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. There is a resistance zone just above the current price starting at 82.29. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 80.69, a Stop Loss order could be placed below this zone.
More info and screens
55.01
83.11
When analyzing the support we can see 7 important areas.
- A support zone ranging from 79.89 to 80.69. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 75.33 to 76.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @71.78 from a horizontal line in the daily time frame.
- Support @70.00 from a horizontal line in the weekly time frame.
- Support @62.40 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 82.29 to 82.29. This zone is formed by a combination of multiple trend lines 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 | 67.65 | NEUTRAL | NGT.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NGT.CA is above 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) | 60.31 | NEUTRAL | The RSI value for NGT.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests NGT.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 74.82 | NEUTRAL | The Stochastics value for NGT.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.55 | MEDIUM VOLATILITY | The ATR as a percentage value for NGT.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 20.86 | NEUTRAL | The ADX value for NGT.CA suggests a possible start of a new 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 |
|---|---|---|---|
| 82.30 | 79.88 | 2.42 (2.94%) | 25.00% |
| An entry @82.30. This is a Buy Stop order right above the resistance zone. | An exit @79.88. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.42 points, which is 2.94%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.74%. |
- 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 (7/11/2025, 7:00:00 PM)
82.28
+0.61 (+0.75%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0.75%
1 Week1.03%
2 Weeks1.95%
1 Month8.11%
3 Month7.78%
6 Month45.89%
12 Month27.01%
2 Year45.35%
3 Year42.01%
5 Year-11.29%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.2
ATR(20)%2.55%
ATR Inc-45.67%
Range Today1
ADR(20)1.77
ADR(20)%2.15%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS67.65
Mansfield1.23
10 Day High82.45
10 Day Low77.24
20 Day High82.88
20 Day Low76.94
52 Week High82.88
52 Week Low53.03
CS1 End80.69
CR1 Start82.29
Volume & EV
DER(3)0%
DER(5)0%
Volume183.55K
Volume Incr4.2%
Vol(5)224.90K
Vol(50)212.47K