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Gold Industry Stocks Technical Analysis - NEMArchive
- 4/10/2026 -
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Newmont Mining Corp. (Hldg. Co.) (NEM) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a third positive week after 3 consecutive negative weeks for the Newmont Mining Corp. (Hldg. Co.) (NEM). During the week, the NEM gained 6.85 points, or 6.01%, and closed at 120.90 on Friday, April 10, 2026. Weekly volume was -39% below average.
NEM is a member of Materials Sector. Materials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See NEM long-term trend chart]
A long-term uptrend had started on December 30, 2024 at 36.86 and reached 134.88 on January 29, 2026. NEM gained -98.02 points, or -265.93%, in 56 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 96.74 and resistance is at 139.81. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
 Medium-term trend: [See NEM medium-term trend chart]
A medium-term downtrend had started on January 29, 2026 at 134.88 and reached 94.34 on March 20, 2026. NEM lost 40.54 points, or 30.06%, in 7 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 87.94 and resistance is at 128.11. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See NEM weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since March 13, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. 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 March 20, 2026 at 94.34 and reached 122.00 on April 8, 2026. NEM gained -27.66 points, or -29.32%, in 19 days. Price is near the trend high.
 Daily Technical Indicators: [See NEM daily technical indicators chart]
Daily Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index and Lane's Stochastic or strongly overbought daily Williams' Percentage Range. 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The daily MACD line is above its signal line since March 30, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term uptrend is strong.
During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. 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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