Newmont: Lower Low & Lower High
By:TradingView
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Newmont more than doubled last year, but some traders may think the gold miner is stalling.
The first pattern on today’s chart is the bullish continuation in late 2025: NEM held its rising 50-day simple moving average (SMA), made a higher low and broke a falling trendline before continuing to a new record high.
Now compare that with the recent price action: NEM fell under its 50-day SMA, made a lower low and failed to break a falling trendline. That contrast may suggest its uptrend is fading.
Next, stochastics are dipping from an overbought condition.
Finally, prices have slipped under the 8- and 21-day exponential moving averages (EMAs). That also differs from December and may reflect a weakening short-term trend. (See the shaded boxes.)
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. Learn more about TradingView’s Broker of the Year!
The first pattern on today’s chart is the bullish continuation in late 2025: NEM held its rising 50-day simple moving average (SMA), made a higher low and broke a falling trendline before continuing to a new record high.
Now compare that with the recent price action: NEM fell under its 50-day SMA, made a lower low and failed to break a falling trendline. That contrast may suggest its uptrend is fading.
Next, stochastics are dipping from an overbought condition.
Finally, prices have slipped under the 8- and 21-day exponential moving averages (EMAs). That also differs from December and may reflect a weakening short-term trend. (See the shaded boxes.)
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. Learn more about TradingView’s Broker of the Year!
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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