2025 annual report release sees Newmont stock drop 2.13%

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Newmont slides 2.13% to $99.36 today

Highlights

Newmont trades below short- and medium-term moving averages, indicating continued selling pressure despite holding above long-term support.
Momentum indicators signal a bearish bias with negative short-term trend strength and oversold conditions dominating the technical outlook.
Baseline expectation is for Newmont to trade sideways between $97.00 and $104.00 next week, with a downside break more likely than an upside move.

Newmont (NEM) is currently trading at $99.36, which is below the SMA-20 ($111.29) and SMA-50 ($117.06), indicating persistent short- and medium-term selling pressure, while it remains above the SMA-200 ($88.83), suggesting continued long-term support. The Ichimoku Kijun at $113.17 stands as immediate resistance. Near-term support is identified at the SMA-200 ($88.83), with key support closer to the SMA-100 ($105.85). Immediate resistance is marked by the Kijun ($113.17), and key resistance at the SMA-20 ($111.29).

Momentum remains negative, as both MACD and ADX on D1 favor sellers, while RSI (34.73), CCI (-93.05), and BBP (-3.22) reflect oversold or selling conditions. Stoch RSI indicates a neutral-to-oversold tone, and AO stays neutral. In today’s session, Newmont fell 2.13%, pointing to pronounced intraday selling. Over the week, NEM has risen $3.56 (3.72%) from a prev_week_close of $95.80, with the current price situated in the middle of the weekly range. Weekly volatility stands at 10.15%. The stock is consolidating after a recovery off the weekly low, while mixed signals between strong weekly gains and prevailing negative D1 momentum indicate a divergent short-term outlook.

For the coming week, the expected price range is $97.00–$104.00, keeping within a realistic band given recent volatility and anchoring against the 52-week low ($42.93) and high ($134.88). The probability of a price increase is very low (less than 20%), reflecting only one "Buy" among the four major W1 indicators (only ADX W1 is bullish); a decline is therefore much more likely. The baseline scenario is for NEM to move sideways between $97.00 and $104.00. A bullish scenario would require breaking above $104.00, with targets near the Kijun and MA-20 resistance. A bearish scenario could see the price slipping below $97.00, with the SMA-200 ($88.83) as a key support.

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Previously it was reported that Newmont committed $800 million to upgrade its Cerro Negro mine in Argentina, aiming to enhance both safety and productivity. As the company progresses with these improvements, investors should monitor for operational results that could act as a catalyst for the stock’s next significant move.

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