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Downtrend Broken Resist.Archive
- 3/21/2025 -
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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 third consecutive positive week for the Newmont Mining Corp. (Hldg. Co.) (NEM). During the week, the NEM gained 1.12 points, or 2.42%, and closed at 47.36 on Friday, March 21, 2025. Weekly volume was 45% 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 downtrend resistance line (42.87) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. NEM may retest the broken resistance line. It is considered to be a support line now. 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 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 48.68 on March 18, 2025. NEM gained -11.82 points, or -32.07%, in 11 weeks. The price is now at the 11.17% retracement level.
 Weekly Technical Indicators: [See NEM weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. 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 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. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 48.68 on March 18, 2025. NEM gained -7.45 points, or -18.07%, in 18 days. The chart has formed a Broadening Ascending Wedge chart pattern.
 Daily Technical Indicators: [See NEM daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic.
The daily MACD line is above its signal line since March 13, 2025. This is an indication that the short-term trend is up.
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