Newmont Mining (NEM) Chart Patterns, Support & Resistance & Technical Analysis

Auto-detected technical analysis for NEM · data as of Aug 4, 2026. The chart above is live; the read below updates daily.

$97.73last close · Aug 4, 202652-week range $63.13 – $134.88 · 27.54% below the high
Falling Wedge · playing out now

NEM just broke higher out of a falling wedge — a brief, tidy pause inside a strong run. That's usually a breather before another push up.

On this chart, setups like it have followed through about 54% of the time.

As long as price stays above $88.98, the setup is intact — a daily close back below there is the cue to step away.

A natural first target sits near $112.2 — but moves like this often run further. The simple way to follow the rest is to stay with the 10-day average, and only step aside when a day closes below it.

NEM Falling Wedge Pattern

NEM is currently forming a falling wedge on the daily timeframe. Detected Aug 4, 2026.

DirectionBullishTarget$112.16Projected move+21.5%Breakout level$92.45

New to this pattern? What a falling wedge is and how to trade it →

How Falling Wedges Have Performed

Win rate
56.2%
Avg return
+0.55R
Backtested trades
8,465
NEM win rate
56.3%

Historical pattern statistics (2006-08-04 – 2026-08-03), not a prediction.

How these backtests work →

NEM Pattern Trade History

Every completed pattern trade our nightly backtest found on NEM's daily chart, newest first — wins and losses alike.

PatternEntryExitOutcomeResult
Falling WedgeJun 5, 2026 @ $103.89Jul 17, 2026 @ $89.98Win+1.73R
TriangleMay 7, 2026 @ $118.58May 19, 2026 @ $105.09Loss-1.15R
Rising WedgeJan 12, 2026 @ $112.56Jan 30, 2026 @ $112.35Loss-0.01R
Bullish PennantNov 28, 2025 @ $91.94Jan 30, 2026 @ $112.35Win+6.72R
Rising WedgeAug 15, 2025 @ $68.37Aug 22, 2025 @ $70.77Loss-1.25R
TriangleJul 21, 2025 @ $60.55Aug 19, 2025 @ $67.38Win+1.32R
TriangleApr 10, 2025 @ $48.99Apr 23, 2025 @ $53.15Win+0.69R
Rising WedgeSep 6, 2024 @ $51.26Sep 20, 2024 @ $54.47Loss-1.23R
Rising WedgeAug 19, 2024 @ $51.35Sep 27, 2024 @ $53.90Win+0.50R
Rising WedgeApr 4, 2024 @ $37.59May 8, 2024 @ $41.54Win+0.92R
Rising WedgeJan 8, 2024 @ $39.64Jan 26, 2024 @ $34.18Win+1.72R
TriangleNov 7, 2023 @ $37.41Nov 28, 2023 @ $40.57Loss-1.65R

NEM Support and Resistance Levels

Price was turned away at a ceiling near $125.53 about 2 months ago and has been sliding since. On the weekly chart, the next floor below sits near $97.44 — still about 0.3% away.

  • Traders commonly watch $97.44 as a target (its 38.2% retracement) — think of it as a sensible next stop, not a guarantee.
  • That floor is the first place the slide might steady — worth watching how price behaves as it gets there.
  • There's nothing to act on here — the spot to watch was the $125.53 ceiling about 2 months ago, when price was turned away there, but price has already pulled lower. What's left is the slide playing out, not a fresh starting point.

Nearest auto-detected support sits near $86.30, resistance near $126.70. These are chart/swing-derived levels, not formula pivots.

Resistance
$126.70$128.73$130.27$134.28$134.65
Support
$86.30

NEM Recent Daily Prices

DateOpenHighLowClose
Aug 4, 2026$97.85$98.52$96.68$97.73
Aug 3, 2026$93.45$95.52$92.97$95.37
Jul 31, 2026$94.43$94.90$91.85$93.71
Jul 30, 2026$92.83$96.02$92.17$95.76
Jul 29, 2026$91.45$93.29$88.98$91.34
Jul 28, 2026$92.47$92.58$90.88$91.52
Jul 27, 2026$94.88$94.88$91.93$93.47
Jul 24, 2026$93.74$95.34$92.50$93.19
Jul 23, 2026$93.64$94.84$92.89$94.72
Jul 22, 2026$94.32$96.94$94.32$95.75

NEM Frequently Asked Questions

What chart pattern is NEM forming right now?
As of Aug 4, 2026, TradingPal's detector identifies a falling wedge on Newmont Mining (NEM) on the daily chart, with a measured-move target of $112.16.
Is a falling wedge bullish or bearish?
The falling wedge detected on NEM is a bullish pattern, projecting a measured-move target of $112.16. See its full backtested track record above — that's the real edge, not the textbook label.
How reliable is a falling wedge pattern, and what is its win rate?
Across TradingPal's backtest of the falling wedge family (8,465 trades over 631 symbols), it resolved in the expected direction 56.2% of the time with an average of +0.55R. These are historical statistics, not a prediction.
What are the support and resistance levels for NEM?
Based on auto-detected, swing-derived levels (as of Aug 4, 2026), NEM's nearest support is around $86.30 and nearest resistance around $126.70.
What is the price target if NEM's pattern breaks out?
The detected falling wedge has a geometry-based measured-move target of $112.16 (pattern height projected from the breakout). This is a technical target, not a recommendation.
What was NEM's closing price on Aug 4, 2026?
Newmont Mining (NEM) last closed at $97.73 on Aug 4, 2026. For the live quote, see the chart above or a real-time quote provider.

Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.