January 09, 2026 a 11:44 am
NEM: Fibonacci Analysis - Newmont Corporation
Newmont Corporation (NEM) remains a key player in the global gold mining industry with vast reserves of gold and other precious metals. Recent market performance indicates a strong upward trend, making this an appealing stock for investors interested in commodities. The technical analysis suggests a bullish outlook with potential resistance at higher Fibonacci levels.
Fibonacci Analysis
| Parameter | Details |
|---|---|
| Trend Start Date | 2025-01-10 |
| Trend End Date | 2026-01-08 |
| High Price | $109.20 on 2026-01-06 |
| Low Price | $39.10 on 2025-01-10 |
Fibonacci Retracement Levels
| Level | Price |
|---|---|
| 0.236 | $71.88 |
| 0.382 | $84.27 |
| 0.5 | $92.15 |
| 0.618 | $100.03 |
| 0.786 | $111.74 |
Current Price: $106.89. The stock is currently within the 0.618 retracement zone. This level might act as a resistance, attracting selling pressure if the trend loses momentum. Alternatively, a break above this level could signal further bullish potential.
Conclusion
Newmont Corporation has seen significant appreciation, with the stock showing a sustained upward trend over the past year. With the current price near the 0.618 Fibonacci retracement level, investors should monitor for potential support or resistance scenarios. While there are opportunities for further growth, given the bullish trend, there are also risks of a retracement in case of a reversal. The retracement levels provide essential checkpoints for investors to assess entry or exit strategies.