Newmont MiningNEM
Auto-detected technical analysis for NEM · data as of Sep 8, 2026. The chart above is live; the read below updates daily.
NEM is currently forming a falling wedge on the daily timeframe. Detected Sep 8, 2026.
A falling wedge is a brief, tidy pause that typically continues the move higher. A breakout projects a measured-move target near $112.16 (+21.5%).
New to this pattern? What a falling wedge is and how to trade it →
NEM's most recent completed falling wedge (which broke against type) resolved as a loss: it broke down on Oct 30, 2026 near $105.97, then was stopped out at $120.92 on Nov 5, 2026 — a 14.1% move (-1.06R) over 4 sessions. Across 137,198 backtested falling wedges, this setup wins 42.2% of the time.
Every completed pattern trade our nightly backtest found on NEM's daily chart, newest first — wins and losses alike.
| Pattern | Entry | Exit | Outcome | Result |
|---|---|---|---|---|
| Falling wedge | Oct 30, 2026 @ $105.97 | Nov 5, 2026 @ $120.92 | Loss | +7.0% · -1.06R |
| Rising wedge | Oct 22, 2026 @ $113.50 | Nov 5, 2026 @ $120.92 | Loss | +27.3% · -1.13R |
| Falling wedge | Oct 16, 2026 @ $117.87 | Oct 23, 2026 @ $109.83 | Loss | +6.9% · -1.00R |
| Rising wedge | Oct 14, 2026 @ $111.67 | Oct 16, 2026 @ $119.05 | Loss | +29.1% · -1.00R |
| Falling wedge | Aug 5, 2026 @ $105.17 | Sep 1, 2026 @ $121.94 | Win | +17.4% · +1.38R |
| Falling wedge | Aug 4, 2026 @ $97.99 | Sep 1, 2026 @ $121.94 | Win | +5.0% · +3.90R |
| Triangle | Jun 5, 2026 @ $101.03 | Jun 9, 2026 @ $97.60 | Win | +3.4% · +0.31R |
| Triangle | May 19, 2026 @ $104.59 | Jun 9, 2026 @ $95.82 | Win | +8.4% · +0.53R |
| Rising wedge | Jan 12, 2026 @ $112.98 | Feb 2, 2026 @ $111.06 | Loss | +10.1% · -0.22R |
| Rising wedge | Dec 22, 2025 @ $104.87 | Feb 2, 2026 @ $111.06 | Win | +18.5% · +0.89R |
| Triangle | Dec 9, 2025 @ $93.96 | Feb 2, 2026 @ $111.06 | Win | +18.4% · +3.38R |
| Rising wedge | Sep 10, 2025 @ $78.64 | Oct 10, 2025 @ $86.25 | Win | +8.6% · +2.22R |
Historical examples from the published simulation. This selection is not a win-rate sample.
Price found a floor near $94.59 about 5 weeks ago and has been climbing since. On the weekly chart, the next ceiling overhead sits near $163.39 — still about 29% away.
| Date | Open | High | Low | Close |
|---|---|---|---|---|
| Sep 8, 2026 | $126.53 | $130.04 | $126.29 | $127.09 |
| Sep 4, 2026 | $126.25 | $128.86 | $126.07 | $128.09 |
| Sep 3, 2026 | $128.17 | $130.71 | $126.81 | $130.43 |
| Sep 2, 2026 | $124.97 | $127.12 | $123.33 | $125.16 |
| Sep 1, 2026 | $121.94 | $126.09 | $121.55 | $122.63 |
| Aug 31, 2026 | $127.45 | $127.86 | $124.55 | $126.06 |
| Aug 28, 2026 | $132.35 | $132.89 | $127.11 | $127.98 |
| Aug 27, 2026 | $131.02 | $133.70 | $130.87 | $132.29 |
| Aug 26, 2026 | $132.64 | $133.29 | $131.45 | $131.60 |
| Aug 25, 2026 | $129.98 | $135.29 | $129.70 | $135.14 |
Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.