NEM technical analysis
NEM Technical Analysis
Analysis date
August 4, 2026
Market
NYSE (USD)
Daily cutoff
August 3, 2026
Reliability
Passed
Informational use only. This page is not investment advice.
Data verification
NEM Data Verification
Checking the latest completed daily bar for date and closing-price consistency before indicators are calculated.
- Symbol
- NEM
- Market
- NYSE
- Currency
- USD (US Dollar)
- Latest completed bar
- August 3, 2026
Historical prices are adjusted for corporate actions when applicable. Date and closing-price consistency checks passed for the latest completed daily bar.
| Validation series | Latest Close | Date | Difference | Status |
|---|---|---|---|---|
| Calculation series | 95.37 | August 3, 2026 | - | Verified |
| Verification series | 95.37 | August 3, 2026 | 0.00% | Verified |
Bottom line
NEM Technical Analysis Summary
NEM trades at 95.37 on the daily chart, back above the SMA20 (93.42) but below the SMA50 (98.54) and SMA200 (103.93). Daily RSI14 at 50.53 is neutral and the daily MACD histogram has turned positive at +0.65, suggesting the recent selling pressure is easing after the pullback from the 52-week high of 134.29. The weekly chart remains under pressure, with price at 93.71 below the SMA20 (104.39) and SMA50 (99.74) while holding above the SMA200 (57.29), keeping the longer-term uptrend intact. Key support is at 88.75 (20-day and 60-day low); resistance sits at 98.19 (20-day high) ahead of the SMA50 at 98.54. A close below 88.75 would signal a deeper correction, while reclaiming 98.54 would strengthen the recovery case.
Multi-timeframe dashboard
Multi-Timeframe Technical Dashboard
Comparing daily (2-year) and weekly (5-year) perspectives to identify aligned or conflicting signals.
Daily (August 3, 2026)
- Trend
- Mixed. Price at 95.37 trades above the SMA20 (93.42) but below the SMA50 (98.54) and SMA200 (103.93). The moving average stack remains downward aligned (93.42 / 98.54 / 103.93), so the medium-term structure is still bearish even though the latest close has reclaimed the shortest average.
- Momentum
- Neutral. RSI14 at 50.53 sits near the 50 midline, reflecting a balance after the pullback. MACD at -1.21 is above its signal line at -1.86 with a positive histogram of +0.65, indicating downside momentum has faded and a short-term recovery is in progress.
- Volatility
- Elevated. ATR14 at 3.54 (3.71% of price) reflects wide daily ranges typical of a gold miner in a correction. Bollinger Bands (89.50 to 97.35) place price near the middle band after recovering from the lower band.
- Volume
- Below average. Latest volume of 5,048,900 is 70.5% of the 20-period average (7,161,870), indicating the bounce has not attracted heavy participation yet.
Assessment
The daily chart shows early signs of stabilization after a sharp pullback. Price has reclaimed the SMA20 (93.42) and RSI14 has recovered to the neutral 50.53 zone, while the MACD histogram turned positive at +0.65. The recovery still lacks volume confirmation, and the bearish SMA alignment means a move above the SMA50 (98.54) is needed to shift the trend bias. Watch the 20-day low at 88.75 as the key downside level.
Weekly (July 27, 2026 week)
- Trend
- Mixed. Price at 93.71 is below the SMA20 (104.39) and SMA50 (99.74) but well above the SMA200 (57.29). The weekly moving averages remain in a long-term bullish alignment (104.39 / 99.74 / 57.29), so the multi-year uptrend is intact even though the current correction is also visible on the weekly timeframe.
- Momentum
- Bearish. RSI14 at 44.11 is in bearish territory. MACD at -2.59 sits below its signal line at +0.04 with a negative histogram of -2.63, confirming the correction is still underway on the weekly timeframe.
- Volatility
- High. ATR14 at 9.72 (10.37% of price) reflects wide weekly swings consistent with a volatile gold producer undergoing a major pullback from its highs.
- Volume
- Below average. Weekly volume of 32,040,200 is 76.6% of the 20-week average (41,837,005), suggesting the correction has not triggered heavy selling at the weekly level.
Assessment
The weekly chart shows a correction within a longer-term uptrend. Price holds above the SMA200 (57.29) with a bullish weekly moving average alignment, keeping the structural uptrend intact. However, weekly RSI14 at 44.11 and a negative MACD histogram at -2.63 indicate the pullback may extend unless price reclaims the SMA20 (104.39). The 20-week low at 88.75 is the nearest weekly support, with the SMA50 (99.74) acting as the first resistance overhead.
Key indicators
NEM Key Technical Indicators
RSI, MACD, moving averages, ATR, and Bollinger Bands across daily and weekly timeframes.
| Indicator | Daily | Weekly |
|---|---|---|
| RSI (14) | 50.53 | 44.11 |
| MACD (12, 26, 9) | -1.21 / -1.86 / +0.65 | -2.59 / +0.04 / -2.63 |
| ATR (14) | 3.54 (3.71%) | 9.72 (10.37%) |
| Bollinger Bands (20, 2) | 89.50 - 97.35 | 85.70 - 123.09 |
| SMA (20) | 93.42 | 104.39 |
| SMA (50) | 98.54 | 99.74 |
| SMA (200) | 103.93 | 57.29 |
Price structure
NEM Price Structure and Returns
Price performance across multiple lookback periods and 52-week position.
| Metric | Daily | Weekly |
|---|---|---|
| Current Price | 95.37 | 93.71 |
| 1-Period Return | +1.77% | +0.56% |
| 5-Period Return | +2.03% | -2.52% |
| 20-Period Return | -2.88% | -14.28% |
| 60-Period Return | -16.95% | +80.88% |
| 252-Period Return | +55.21% | +100.36% |
| 52-Week Low | 61.18 | 62.47 |
| 52-Week High | 134.29 | 134.29 |
| 52-Week Position | 46.76% | 43.50% |
Key levels
NEM Support and Resistance Levels
Key price levels based on recent swing highs and lows across daily and weekly timeframes.
| Level | Daily | Weekly |
|---|---|---|
| 20-Period High | 98.19 | 121.72 |
| 20-Period Low | 88.75 | 88.75 |
| 60-Period High | 120.98 | 134.29 |
| 60-Period Low | 88.75 | 51.53 |
Scenarios
NEM Technical Scenarios
Conditions, invalidation triggers, and what to watch for each scenario.
Bullish
Trigger
Price builds above the 20-day high at 98.19 and then clears the SMA50 at 98.54 with rising volume, shifting the trend bias from mixed to positive.
Invalidation
Price closes back below the SMA20 at 93.42.
What to watch
Daily RSI holding above 50; MACD histogram continuing to rise; volume expanding on up days.
Range-Bound
Trigger
Price oscillates between the 20-day low at 88.75 and the 20-day high at 98.19 while digesting the prior move.
Invalidation
A decisive close beyond either boundary with above-average volume.
What to watch
Daily RSI staying between 40 and 60; MACD histogram flattening near zero; volume staying subdued.
Bearish
Trigger
Price breaks below the 20-day low at 88.75, opening a path toward the 60-day low, also at 88.75, and then the 52-week low zone.
Invalidation
Price reclaims the SMA20 (93.42) and holds above it.
What to watch
Sustained closes below 88.75; weekly MACD histogram becoming more negative; RSI dropping below 35 on the daily chart.
Methodology
Methodology and Limitations
This technical analysis is calculated locally from adjusted OHLCV history. The daily series ends August 3, 2026, and the weekly series ends July 27, 2026 week. The latest completed daily bar is independently checked for date and closing-price consistency. Historical prices are adjusted for corporate actions when applicable. Indicators include Wilder RSI(14), MACD(12,26,9), SMA20/50/200, Wilder ATR(14), Bollinger Bands(20,2), relative volume, multi-period returns, and price-range levels. Support and resistance are descriptive zones, not guaranteed reversal points. Historical patterns do not predict future prices, and this page is not investment advice.
Frequently Asked Questions
This technical analysis is for informational and educational purposes only. It does not constitute investment advice, a recommendation, or a solicitation to buy or sell any security. Past performance and historical patterns are not guarantees of future results. All investments carry risk, including the potential loss of principal. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Market data is checked for date and closing-price consistency before indicators are calculated. Data cutoffs: daily August 3, 2026, weekly July 27, 2026 week. Generated August 4, 2026.
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