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Archive
- 4/4/2025 -
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Newmont Mining Corp. (Hldg. Co.) (NEM) Technical Analysis
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| Summary:
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| | It was the negative week for the Newmont Mining Corp. (Hldg. Co.) (NEM). During the week, the NEM dropped -3.90 points, or -8.11%, and closed at 44.18 on Friday, April 4, 2025. It was the worst weekly loss since November 15, 2024. Weekly volume was 48% above average.
 Long-term trend: [See NEM long-term trend chart]
A long-term downtrend had started on October 22, 2024 at 58.72 and reached 36.86 on December 30, 2024. NEM lost 21.86 points, or 37.23%, in 9 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 43.96 and resistance is at 44.22. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a long-term trend.
 Medium-term trend: [See NEM medium-term trend chart]
A medium-term uptrend had started on December 30, 2024 at 36.86 and reached 49.52 on March 28, 2025. NEM gained -12.66 points, or -34.35%, in 12 weeks. The chart has formed a Rising Wedge chart pattern. The price is near the trend support (43.96) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.
 Weekly Technical Indicators: [See NEM weekly technical indicators chart]
Weekly technical indicators are neutral. Weekly Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.
The weekly MACD line is above its signal line since February 7, 2025. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.
 Short-term trend: [See NEM short-term trend chart]
A short-term uptrend had started on February 28, 2025 at 41.23 and reached 49.52 on March 28, 2025. NEM gained -8.29 points, or -20.11%, in 28 days. The price is now at the 64.41% retracement level.
Daily Technical Indicators: [See NEM daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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