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Gold Industry Stocks Technical Analysis - NEM

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- 3/13/2026 -
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Newmont Mining Corp. (Hldg. Co.) (NEM) Technical Analysis

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Summary:
Weekly :Overbought sector
Daily :Lane's Stochastic bullish divergence
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It was the negative week for the Newmont Mining Corp. (Hldg. Co.) (NEM). During the week, the NEM dropped -6.71 points, or -5.77%, and closed at 109.58 on Friday, March 13, 2026. Weekly volume was -20% 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 92.24 and resistance is at 133.54. 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 March 2, 2026 at 131.98 and reached 108.80 on March 13, 2026. NEM lost 23.18 points, or 17.56%, in 1 weeks. Price is near the trend low.

Weekly Technical Indicators: [See NEM weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since December 5, 2025. The distance between MACD and the signal line is low and getting smaller. 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 March 10, 2026 at 120.34 and reached 108.80 on March 13, 2026. NEM lost 11.54 points, or 9.59%, in 3 days. The price is now at the 6.76% retracement level.

Daily Technical Indicators: [See NEM daily technical indicators chart]
Daily technical indicators are neutral. Daily Lane's Stochastic has bullish 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 daily Lane's Stochastic bullish 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 link to access Lane's Stochastic help.

The daily MACD line is below its signal line since March 2, 2026. This is an indication that the short-term trend is down.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 28.31
Williams' Percentage Range (W%R) 75.10
Lane's Stochastic (%D-Slow) 27.09
Bullish
Greed/Fear Indicator (GFI) 26.78
Moving Average Converg./Diverg. (MACD) 0.49
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.81
Williams' Percentage Range (W%R) 34.50
Lane's Stochastic (%D-Slow) 62.79
Greed/Fear Indicator (GFI) 60.41
Moving Average Converg./Diverg. (MACD) 12.49
Trading Signals
Description Value Chart
Upper Bollinger Band 129.22
Weekly Stochastic Crossing 124.56
20 Day Moving Average 121.31
Parabolic System 121.19
50 Day Moving Average 117.95
Daily Stochastic Crossing 112.09
Price 109.58
Lower Bollinger Band 108.31
Quarterly Trendline Support 92.24
Sector and Industry
Description Name Rank
Sector Materials 10
Industry Gold 85
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 120.34
High Date 03/10/2026
Low 108.80
Low Date 03/13/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 120.34
High Date 03/10/2026
Low 108.80
Low Date 03/13/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 131.98
High Date 03/02/2026
Low 108.80
Low Date 03/13/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 133.54
Support 92.24
Low 36.86
Low Date 12/30/2024
High 134.88
High Date 01/29/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 29.42
Low Date 02/28/2024
High 134.88
High Date 01/29/2026
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.