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Archive
- 7/10/2026 -
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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 the negative week for the Newmont Mining Corp. (Hldg. Co.) (NEM). During the week, the NEM dropped -1.75 points, or -1.80%, and closed at 95.29 on Friday, July 10, 2026. Weekly volume was -38% below average.
NEM is a member of Gold Industry. Gold is the fifth most oversold industry. 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 Symmetric Triangle chart pattern. The uptrend support line (108.66) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. NEM may retest the broken support line. It is considered to be a resistance 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 support 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 91.18 on July 8, 2026. NEM lost 43.70 points, or 32.40%, in 22 weeks. The price is now at the 9.41% retracement level.
 Weekly Technical Indicators: [See NEM weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold 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 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 near its high and getting bigger. It indicates that the current medium-term downtrend is strong. Use the following link to access a MACD help.
 Short-term trend: [See NEM short-term trend chart]
A short-term downtrend had started on May 11, 2026 at 121.26 and reached 91.18 on July 8, 2026. NEM lost 30.08 points, or 24.81%, in 58 days. The chart has formed a Falling Wedge chart pattern.
 Daily Technical Indicators: [See NEM daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
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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 |
3 |
| Industry |
Gold |
5 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Wedge |
| High |
121.26 |
| High Date |
05/11/2026 |
| Low |
91.18 |
| Low Date |
07/08/2026 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
122.00 |
| High Date |
04/08/2026 |
| Low |
91.18 |
| Low Date |
07/08/2026 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
134.88 |
| High Date |
01/29/2026 |
| Low |
91.18 |
| Low Date |
07/08/2026 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Symmetric Triangle |
| Status |
Broken Support |
| Resistance |
104.46 |
| Support |
108.66 |
| Low |
36.86 |
| Low Date |
12/30/2024 |
| High |
134.88 |
| High Date |
01/29/2026 |
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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 |
134.88 |
| High Date |
01/29/2026 |
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