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Gold Industry Stocks Technical Analysis - NEMArchive
- 1/23/2026 -
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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 a third consecutive positive week for the Newmont Mining Corp. (Hldg. Co.) (NEM). During the week, the NEM gained 10.19 points, or 8.93%, and closed at 124.31 on Friday, January 23, 2026. Weekly volume was -8% 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 124.64 on January 23, 2026. NEM gained -87.78 points, or -238.14%, in 55 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (69.78) 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 long-term trend.
 Medium-term trend: [See NEM medium-term trend chart]
A medium-term uptrend had started on October 28, 2025 at 76.05 and reached 124.64 on January 23, 2026. NEM gained -48.59 points, or -63.89%, in 12 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (101.09) 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 Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range and Lane's Stochastic. Weekly Relative Strength Index and MACD have bearish divergence. Use the following links to access the Relative Strength Index and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index and MACD 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, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is above its signal line since December 5, 2025. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 December 29, 2025 at 97.67 and reached 124.64 on January 23, 2026. NEM gained -26.97 points, or -27.61%, in 25 days. Price is near the trend high.
 Daily Technical Indicators: [See NEM daily technical indicators chart]
Daily Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index or strongly overbought daily Williams' Percentage Range and Lane's Stochastic. Daily 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 daily Lane's Stochastic bearish divergence.
The daily MACD line is above its signal line since January 5, 2026. 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 |
10 |
| Industry |
Gold |
122 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
97.67 |
| Low Date |
12/29/2025 |
| High |
124.64 |
| High Date |
01/23/2026 |
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| Weekly 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 |
97.67 |
| Low Date |
12/29/2025 |
| High |
124.64 |
| High Date |
01/23/2026 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Broken Resistance |
| Resistance |
113.76 |
| Support |
101.09 |
| Low |
76.05 |
| Low Date |
10/28/2025 |
| High |
124.64 |
| High Date |
01/23/2026 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Broken Resistance |
| Resistance |
118.92 |
| Support |
69.78 |
| Low |
36.86 |
| Low Date |
12/30/2024 |
| High |
124.64 |
| High Date |
01/23/2026 |
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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 |
124.64 |
| High Date |
01/23/2026 |
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