Should You Buy Newmont Corporation (NEM) Today? Analysis, Price Targets, and 2026 Outlook.
Analysis Updated At
2026/01/30
Buy now. NEM is pulling back hard pre-market (-7.12% to 117.89) into a nearby support zone (S1 ~113.84) while the broader technical trend remains bullish (SMA_5 > SMA_20 > SMA_200). Macro/news flow is strongly supportive for gold producers (gold > $5,000), hedge funds are aggressively adding, and Wall Street targets have been moving up meaningfully into 2026.
**Intellectia Proprietary Trading Signals**
- [AI Stock Picker](module://ai_stock_pick): no signal on given stock today.
- [SwingMax](module://swingmax): No signal on given stock recently.
Even without proprietary entry signals, the current dip offers a favorable, impatient entry versus chasing strength nearer resistance (R1 ~131.87).
Technical Analysis
Trend: Bullish on moving averages (SMA_5 > SMA_20 > SMA_200), indicating the dominant trend is still up.
Momentum: MACD histogram is positive (1.003) but contracting, suggesting upside momentum is still present but cooling (a pullback/consolidation is consistent).
RSI: RSI_6 at 66.7 is neutral-to-strong (not a clear overbought extreme), which supports the idea that this dip can be bought within an uptrend.
Key levels: Pivot 122.85 is now overhead (pre-market 117.89 is below pivot = short-term weakness). Nearest supports: S1 113.84 then S2 108.27. Resistances: R1 131.87, R2 137.44.
Interpretation: The larger uptrend remains intact, but price is in a short-term correction; buying near 114–118 is reasonable with 113–108 as the key “line in the sand” support area.
