Newmont Mining(NEM)

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

Auto-detected technical analysis for NEM · data as of Jul 22, 2026. The chart above is live; the read below updates daily.

$95.75last close · Jul 22, 202652-week range $59.96 – $134.88 · 29.01% below the high

NEM Falling Wedge Pattern

NEM is currently forming a falling wedge on the daily timeframe. Detected Jul 22, 2026.

A falling wedge usually breaks higher, but NEM is breaking lower out of it instead — a notably bearish turn. A breakout projects a measured-move target near $89.98 (−13.7%). Across 10,683 backtested falling wedges, the setup followed through 56.4% of the time, averaging +0.52R; NEM's own falling wedges have hit 57.1%.

DirectionBearishTarget$89.98Projected move−13.7%Breakout level$104.51

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

NEM's Most Recent Falling Wedge Trade

NEM's most recent completed falling wedge (which broke against type) resolved as a win: it broke down on Jun 5, 2026 near $103.89, then reached its target at $89.98 on Jul 17, 2026 — a 13.4% move (+1.73R) over 28 sessions. Across 117 backtested falling wedges, this setup wins 50.4% of the time.

OutcomeWinResult+13.4%R+1.73REntry$103.89Exit$89.98

Learn about falling wedge

How Falling Wedges Have Performed

Win rate
56.4%
Avg return
+0.52R
Backtested trades
10,683
NEM win rate
57.1%

Historical pattern statistics (1987-01-30 – 2026-07-17), 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+13.7% · +1.73R
Rising WedgeJan 12, 2026 @ $112.56Jan 30, 2026 @ $112.35Loss+16.8% · -0.01R
Bullish PennantNov 28, 2025 @ $91.94Jan 30, 2026 @ $112.35Win+29.6% · +6.72R
Rising WedgeAug 15, 2025 @ $68.37Aug 22, 2025 @ $70.77Loss+15.4% · -1.25R
TriangleJul 22, 2025 @ $60.55Aug 19, 2025 @ $67.38Win+6.2% · +1.32R
Rising WedgeSep 6, 2024 @ $51.26Sep 20, 2024 @ $54.47Loss+9.6% · -1.23R
Rising WedgeAug 19, 2024 @ $51.35Sep 27, 2024 @ $53.90Win+11.6% · +0.40R
Rising WedgeApr 4, 2024 @ $37.59May 8, 2024 @ $41.54Win+15.1% · +0.92R
Rising WedgeJan 8, 2024 @ $39.64Jan 19, 2024 @ $34.36Win+17.6% · +1.66R
Rising WedgeJan 30, 2023 @ $53.17Feb 6, 2023 @ $48.93Win+10.5% · +1.89R
TriangleSep 23, 2022 @ $41.49Oct 4, 2022 @ $44.53Loss+11.1% · -1.09R
Falling WedgeJun 29, 2022 @ $62.47Jul 14, 2022 @ $56.60Win+9.8% · +1.56R

Recent Falling Wedges on Other Charts

ALNYhit target +18.8%Jul 22, 2026BAstopped −7.9%Jul 21, 2026BDXhit target +2.8%Jul 21, 2026HIIhit target +13.1%Jul 21, 2026

Learn about falling wedge

NEM Support and Resistance Levels

Price was turned away at a ceiling near $123.48 about 7 weeks ago and has been sliding since. On the weekly chart, the next floor below sits near $85.87 — still about 10% away.

  • Traders commonly watch $85.87 as a target (its 50% 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 $123.48 ceiling about 7 weeks 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.

NEM Recent Daily Prices

DateOpenHighLowClose
Jul 22, 2026$94.32$96.94$94.32$95.75
Jul 21, 2026$91.43$92.72$90.54$92.49
Jul 20, 2026$90.10$90.95$89.13$89.20
Jul 17, 2026$89.85$90.95$88.75$89.70
Jul 16, 2026$93.62$93.90$90.60$90.83
Jul 15, 2026$95.43$96.01$93.50$95.21
Jul 14, 2026$97.81$98.19$94.25$94.75
Jul 13, 2026$93.73$94.14$92.43$93.10
Jul 10, 2026$93.80$95.73$93.80$95.29
Jul 9, 2026$95.01$95.25$93.47$94.81

NEM Frequently Asked Questions

What chart pattern is NEM forming right now?
As of Jul 22, 2026, TradingPal's detector identifies a falling wedge on Newmont Mining (NEM) on the daily chart, with a measured-move target of $89.98.
Is a falling wedge bullish or bearish?
The falling wedge detected on NEM is a bearish pattern, projecting a measured-move target of $89.98. 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 (10,683 trades over 628 symbols), it resolved in the expected direction 56.4% of the time with an average of +0.52R. These are historical statistics, not a prediction.
What is the price target if NEM's pattern breaks out?
The detected falling wedge has a geometry-based measured-move target of $89.98 (pattern height projected from the breakout). This is a technical target, not a recommendation.
What was NEM's closing price on Jul 22, 2026?
Newmont Mining (NEM) last closed at $95.75 on Jul 22, 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.