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Gold Industry Stocks Technical Analysis - NEMArchive
- 4/17/2025 -
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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 0.11 points, or 0.20%, and closed at 55.08 on Thursday, April 17, 2025. Weekly volume was 56% 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 (44.94) 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 57.08 on April 16, 2025. NEM gained -20.22 points, or -54.86%, in 15 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (42.28) 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. 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. 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 57.08 on April 16, 2025. NEM gained -15.85 points, or -38.44%, in 47 days. The price is now at the 12.62% retracement level.
 Daily Technical Indicators: [See NEM daily technical indicators chart]
Daily Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range or strongly overbought daily Lane's Stochastic. Daily Relative Strength Index has bearish divergence. Use the following links to access the Relative Strength Index help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index bearish divergence. Use the following link to access Relative Strength Index help.
The daily MACD line is above its signal line since April 9, 2025. This is an indication that the short-term trend is up.
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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 |
123 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
41.23 |
| Low Date |
02/28/2025 |
| High |
57.08 |
| High Date |
04/16/2025 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Broken Resistance |
| Resistance |
50.21 |
| Support |
42.28 |
| Low |
36.86 |
| Low Date |
12/30/2024 |
| High |
57.08 |
| High Date |
04/16/2025 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Symmetric Triangle |
| Status |
Broken Resistance |
| Resistance |
43.05 |
| Support |
44.94 |
| High |
58.72 |
| High Date |
10/22/2024 |
| Low |
36.86 |
| Low Date |
12/30/2024 |
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| Quarterly Trend |
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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 |
58.72 |
| High Date |
10/22/2024 |
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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 |
86.37 |
| High Date |
04/18/2022 |
| Low |
29.42 |
| Low Date |
02/28/2024 |
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