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Archive
- 5/29/2026 -
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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 first positive week for the Newmont Mining Corp. (Hldg. Co.) (NEM). During the week, the NEM gained 2.17 points, or 2.02%, and closed at 109.81 on Friday, May 29, 2026. Weekly volume was -14% below average.
 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. 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 January 29, 2026 at 134.88 and reached 94.34 on March 20, 2026. NEM lost 40.54 points, or 30.06%, in 7 weeks. Price is near the Fibonacci 38.2% retracement level.
 Weekly Technical Indicators: [See NEM weekly technical indicators chart]
Weekly technical indicators are neutral.
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 relatively 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 uptrend had started on March 20, 2026 at 94.34 and reached 122.00 on April 8, 2026. NEM gained -27.66 points, or -29.32%, in 19 days. The chart has formed a Ascending Triangle chart pattern. The uptrend support line (116.62) is broken. A broken support is considered to be a long-term bearish signal. 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 short-term trend.
Daily Technical Indicators: [See NEM daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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 May 15, 2026. The distance between MACD and the signal line is low and getting smaller.
Price is close to the 50 Day Moving Average. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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