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Archive
- 8/15/2025 -
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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 second consecutive positive week for the Newmont Mining Corp. (Hldg. Co.) (NEM). During the week, the NEM climbed 0.35 points, or 0.51%, and closed at 69.33 on Friday, August 15, 2025. Weekly volume was -31% below average.
 Long-term trend: [See NEM long-term trend chart]
A long-term uptrend had started on December 30, 2024 at 36.86 and reached 70.29 on August 8, 2025. NEM gained -33.43 points, or -90.69%, in 31 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 56.07 and resistance is at 74.80. 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 uptrend had started on May 14, 2025 at 48.27 and reached 70.29 on August 8, 2025. NEM gained -22.02 points, or -45.62%, in 12 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (60.26) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See NEM weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly 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 and Williams' Percentage Range 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 July 15, 2025 at 55.37 and reached 70.29 on August 8, 2025. NEM gained -14.92 points, or -26.95%, in 24 days. The chart has formed a Rising Wedge chart pattern. The price is near the trend support (69.12) 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 short-term trend.
 Daily Technical Indicators: [See NEM daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic.
The daily MACD line is above its signal line since July 22, 2025. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Materials |
5 |
| Industry |
Gold |
116 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
67.11 |
| Low Date |
08/11/2025 |
| High |
69.85 |
| High Date |
08/13/2025 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Wedge |
| Status |
Test Support |
| Resistance |
72.15 |
| Support |
69.12 |
| Low |
55.37 |
| Low Date |
07/15/2025 |
| High |
70.29 |
| High Date |
08/08/2025 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Broken Resistance |
| Resistance |
65.72 |
| Support |
60.26 |
| Low |
48.27 |
| Low Date |
05/14/2025 |
| High |
70.29 |
| High Date |
08/08/2025 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Valid |
| Resistance |
74.80 |
| Support |
56.07 |
| Low |
36.86 |
| Low Date |
12/30/2024 |
| High |
70.29 |
| High Date |
08/08/2025 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
29.42 |
| Low Date |
02/28/2024 |
| High |
70.29 |
| High Date |
08/08/2025 |
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