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Gold Industry Stocks Technical Analysis - NEMArchive
- 10/23/2026 -
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Newmont Mining Corp. (Hldg. Co.) (NEM) Technical Analysis
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| Summary:
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| | It was the negative week for the Newmont Mining Corp. (Hldg. Co.) (NEM). During the week, the NEM dropped -9.73 points, or -8.20%, and closed at 108.87 on Friday, October 23, 2026. It was the worst weekly loss since June 5, 2026. Weekly volume was -26% below average.
 Long-term trend: [See NEM long-term trend chart]
A long-term uptrend had started on February 28, 2024 at 29.42 and reached 135.29 on August 25, 2026. NEM gained -105.87 points, or -359.86%, in 129 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Medium-term trend: [See NEM medium-term trend chart]
A medium-term downtrend had started on August 25, 2026 at 135.29 and reached 107.81 on October 23, 2026. NEM lost 27.48 points, or 20.31%, in 8 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 107.06 and resistance is at 118.66. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a medium-term trend.
 Weekly Technical Indicators: [See NEM weekly technical indicators chart]
Weekly technical indicators are neutral.
During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 October 16, 2026 at 120.05 and reached 107.81 on October 23, 2026. NEM lost 12.24 points, or 10.20%, in 7 days. The price is now at the 8.66% retracement level.
Daily Technical Indicators: [See NEM daily technical indicators chart]
Daily technical indicators are neutral. Daily MACD has bullish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD 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.
The daily MACD line is below its signal line since October 22, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. The distance between the Bollinger Bands (8.16%) is close to one year low (8.47%). It is 59.11% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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