US stock / ETF

Newmont Corporation

NEM · NYSE · USD

1 weekBearish76%
Weekly Downside probability 76%Bearish

NEM 1W chart

EMA21EMA50Bollinger
----

Market View

Market Shift

Weekly: price is below EMA21, short trend is weak

Confirmation Trigger

Recover $106.4 and stabilize above resistance $134.74.

Invalidation Trigger

Break above $134.74 with RSI back above 50.

Market Context

Trend PhaseRange
Sideways Structure

Price is below EMA21

Weekly
Momentum StateBearish
Momentum soft

RSI 44.4, MACD -3.108

Weekly
Volatility EnvironmentBearish
High volatility

ATR is $10.75 (11.19%)

Weekly

EMA Structure

Range
EMA 8$103.99Bearish
EMA 21$106.4Bearish
EMA 50$96.43Bearish

Signals

CategoryReadStrength
Momentum
RSI 44.4 · MACD -3.108

Momentum is weak

Strength
Bearish
Volatility
ATR $10.75 · BB 34.57%

High volatility

Strength
Bearish
Volume
MFI 43.9 · OBV -1.69%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$78.6 - $134.74

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+51.41% · 4.6 ATR above latest close

$145.49
Nearest resistance

+40.22% · 3.6 ATR above · 34-bar high

$134.74
Current price

Price shown is delayed

$96.1
Nearest support

-18.21% · 1.6 ATR below · 34-bar low

$78.6
Deeper support zone

-29.4% · 2.6 ATR below latest close

$67.85
ATR zone

Latest close ± ATR14

$85.34 - $106.85

Indicators

Trend

Dow Theory Structure

Confirmation $92.06, invalidation $121.26

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is moderate

18.2 / 20.6 / 21.3Bearish
Supertrend (10,3)

Price is above Supertrend

$64.14Bullish
Ichimoku Cloud

Cloud Span A / Span B

$110.03 / $95.06Bearish
Donchian Channel (20)

20-period breakout channel position

10%Bearish

Volatility

ATR (14)

High volatility

$10.75 (11.19%)Bearish
Bollinger Bands (20,2)

Width 34.57%

11%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$128.53 / $84.52Bearish
ATR channel lower / upper

Current Volatility Envelope

$85.34 / $106.85Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$134.74Range
Support

Nearest Downside Decision Level

$78.6Range

Momentum

RSI (14)

Momentum is weak

44.4Bearish
MACD (12,26,9)

Histogram is negative

-3.108Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

13.5 / 26.7Bearish
Williams %R (14)

Oversold zone

-86.5Bullish
CCI (20)

Weak expansion

-138.3Bearish
TD Sequential

Setup is not extreme

buy 4Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

43.9Bearish
OBV slope

20-period OBV slope

-1.69%Bearish
Volume ratio

Relative to 20-period average volume

1.24xBullish

Trend

Dow Theory Structure

Confirmation $92.06, invalidation $121.26

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is moderate

18.2 / 20.6 / 21.3Bearish
Supertrend (10,3)

Price is above Supertrend

$64.14Bullish
Ichimoku Cloud

Cloud Span A / Span B

$110.03 / $95.06Bearish
Donchian Channel (20)

20-period breakout channel position

10%Bearish

Momentum

RSI (14)

Momentum is weak

44.4Bearish
MACD (12,26,9)

Histogram is negative

-3.108Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

13.5 / 26.7Bearish
Williams %R (14)

Oversold zone

-86.5Bullish
CCI (20)

Weak expansion

-138.3Bearish
TD Sequential

Setup is not extreme

buy 4Bullish

Volatility

ATR (14)

High volatility

$10.75 (11.19%)Bearish
Bollinger Bands (20,2)

Width 34.57%

11%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$128.53 / $84.52Bearish
ATR channel lower / upper

Current Volatility Envelope

$85.34 / $106.85Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

43.9Bearish
OBV slope

20-period OBV slope

-1.69%Bearish
Volume ratio

Relative to 20-period average volume

1.24xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$134.74Range
Support

Nearest Downside Decision Level

$78.6Range

Related Forecasts