Uptrend Under Pressure 93
Institutional selling is building — 7 distribution days in the last 25 sessions. Severe risk · 93/100 · 7 distribution days (SPY) Sep 11 Full briefing →
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NEM · Newmont Corporation

$126.14 -2.00% Sep 10 close
Detected setup Cup & Handle · Setup Score 55/100

Stand aside — setup invalidated

Setup score 55, but price closes below stop $128.82 — stand aside until the condition resets.

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$NEM

Newmont Corporation

Newmont Corporation is a large-cap Precious Metals company in the Non-Energy Minerals sector with a market cap of $133B.

Non-Energy Minerals Precious Metals stock Stage 2 · Advancing Base 3+
$126.14 latest close
Join to Watchlist $NEM Share card
Verdict · setup score 55/100 · data Sep 10 close · 1 session old

Stand aside — setup invalidated

Setup score 55, but price closes below stop $128.82 — stand aside until the condition resets.

Review six verdicts Inspect chart
Earnings

Normal technical setup

Next earnings Wednesday, October 21, 2026 Before market open Exact clock time not supplied by source

Deterministic evidence

NEM-2.00%
Sector proxy · XLB-1.23%
Broad market · SPY-0.60%
Same completed session window ending 2026-09-10. NEM was -0.77 points vs XLB. -1.40 points vs SPY.

Session internals Mixed

Rule: direction and internals disagree — it met neither the strong nor the weak rule. Judged on internals, not on the size of the move.

Vs prior close-2.00% From the open+1.15% Range position68% GapFaded
QQQ confirmationConfirming (-1.06%) SMH confirmationConfirming (-2.44%)
Price bars, sourced event fields, and benchmark math only. This can adjust displayed short-term conviction; it does not change the stored scanner score or readiness.

Ask a Legend to interpret this evidence → Commentary only — never scanner evidence or a sizing recommendation.

Price $126.14 -2.0% Sep 10 close
52W High $135.29 6.8% below high
Wks Since High 2w
Base Depth 10.2%
RS Rank 75 percentile of scan
SMA 50 $109.11
Avg Vol 7,717,743
Rel Vol (Sep 10) 0.81×
More stats
52W Low $76.05
Tight Wks 0
Base B3
SMA 200 $109.13
RS Line vs High -12.3%
RS Line Slope +13.4% ▲
Group Rank #9/58
ADR% 2.9%
ATR(14) $4.40 (3.5%)
Vol Pace (live) N/A
U/D Vol 1.56
A/D Days 17A / 19D
A/D Rating D
VDU Bars 0/10 d
Power Trend 23d
Earnings in 39d
Position in 52-week range 85thpercentile of the 52-week range
$76.05low
$135.29high

NEM Chart

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Technical Analysis Report Card

$NEM · $126.14 · as of 2026-09-10 · multi-factor read
76
/ 100
Technicals 76/100
Reference read from price & volume only — the verdict at the top of the page decides the action.

Trend · Daily / Weekly / Monthly

Daily ▬ Sideways / consolidating
Weekly ▲ Uptrend
Monthly ▲ Uptrend

Moving Averages

50-day$109.11 ↑
100-day$108.17 ↑
200-day$109.13 ↑
Bearish (50 < 200)

RSI (14)

Reading56.7 · Bullish

Bullish momentum — comfortably in buyer territory.

MACD (12/26/9)

StateWeakening
Histogram-1.179

Weakening — MACD slipped below its signal line. Histogram contracting.

Bollinger Bands (20,2)

%B / Width49% · 17.9%

Mid-band — no directional band edge in play.

Volume · Buyer vs Seller

Up/Down vol1.56 · Accumulation
Rel volume0.81×

Accumulation — volume is concentrated on up days; buyers dominate. Recent volume is expanding versus its baseline.

Support & Resistance

R · $127.34swing level
R · $131.98swing level
R · $135.2952-week high
Price · $126.14now
S · $121.55swing level
S · $106.87swing level
S · $103.88swing level

Fibonacci · Uptrend swing

23.6% ◄ price here$124.31
38.2%$117.51
50.0%$112.02
61.8%$106.53
78.6%$98.71

Retracement support zones measured from the recent swing low up to the high.

The verdict is free. The trade plan is Pro.
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Weekly uptrendMonthly uptrendAbove 200-day MA50/200 bearishVolume accumulation
Want this read in a legend's voice? Ask a Legend about NEM
Generic technical analysis generated mechanically from price & volume — educational research only, not financial advice or a personalized recommendation. Levels are illustrative; confirm on your own chart. New to these terms? →
Legend Verdicts 6 methodology checks

Who would consider this setup, why it qualifies, and what blocks it — calculated from the same deterministic methodology rules used across Legend AI.

Council consensus: 4 of 6 legends are Watching — building, not yet a confirmed buy.
Minervini
Avoid
Minervini B

Trend-template read: fails 50-day MA > 150-day MA AND 200-day MA.

Passing evidence
1.1 Price > 150-day MA AND 200-day MAPrice $126.14, MA150 $110.52, MA200 $109.13
1.2 150-day MA > 200-day MAMA150 $110.52 vs MA200 $109.13
Failing evidence
1.4 50-day MA > 150-day MA AND 200-day MAMA50 $109.11, MA150 $110.52, MA200 $109.13
2. Quarterly EPS growth ≥ 25%From SEPA scan
9/12 checks
Method → Playbook → Ask →
O'Neil
Avoid
O'Neil D

CANSLIM read: fails C: Quarterly EPS acceleration ≥ 25%.

Passing evidence
N: Near 52-week high or RS line new high6.8% below high | RS line new high: False
S: Base tightness (ATR% ≤ 4.5%)ATR% 3.49%
Failing evidence
C: Quarterly EPS acceleration ≥ 25%CANSLIM grade N/A
L: RS rank ≥ 80 (IBD leadership)RS rank 79
2/8 checks
Method → Playbook → Ask →
Weinstein
Watch
Weinstein C

Stage-analysis read: Stage 2 is present; 2 supporting checks need improvement.

Passing evidence
Stage 2 (Advancing phase) confirmedStage 2 (Advancing)
Price above 30-week MA (200-day proxy)Price $126.14 vs MA200 $109.13
Failing evidence
Volume expansion above averageVolume ratio 0.81x
Weekly price coiling (Stage 2 consolidation)Tightening weekly range confirms base
5/7 checks
Method → Playbook → Ask →
Livermore
Watch
Livermore B

Pivotal-point read: constructive evidence is present, but volume vs average is unresolved.

Passing evidence
Price$126.14
Relative strengthRS 79
Failing evidence
Volume vs average0.81x
Pivotal point cleared on expanding volumeNot confirmed
4/6 checks
Method → Playbook → Ask →
Darvas
Watch
Darvas B

Box-theory read: constructive evidence is present, but volume vs average is unresolved.

Passing evidence
Price$126.14
Relative strengthRS 79
Failing evidence
Volume vs average0.81x
Box top broken on heavy volumeNot confirmed
4/6 checks
Method → Playbook → Ask →
Wyckoff
Watch
Wyckoff B

Supply-and-demand read: constructive evidence is present, but volume vs average is unresolved.

Passing evidence
Price$126.14
Relative strengthRS 79
Failing evidence
Volume vs average0.81x
Sign of Strength confirmed on expanding volumePrice hasn't cleared the pivot yet — confirmation pending
4/6 checks
Method → Playbook → Ask →
Base & Breakout
Breakout follow-through

No active breakout tracked — Legend AI monitors daily for pivot-point breaks. What's a breakout?

Unlock Base & Breakout Tracking
RS Line vs SPY 52-week relative strength · blue = RS line · dashed = MA50 · dot = NH ▲ Rising
138RS Line (52W)
Accumulation / Distribution last 65 sessions · green = acc on high vol · red = dist on high vol Net +1 D
A: 16 D: 15 Net: +165 sessions
Minervini · Grade Card
Fundamentals & leadership quality — Minervini’s published criteria · 3/7 met
C 3/7 criteria
Separate score from the Minervini Trend Template (7/8): the Trend Template grades the price structure, this grades the company & leadership (earnings, sales, margins, RS rank). A stock can ride a clean trend while its fundamentals lag, so the two often differ by design — they are not the same checklist.
✗ EPS acceleration ≥25% QoQ —
✓ Revenue growth ≥20% YoY +21%
✗ Gross margin ≥30% —
✗ ROE ≥17% —
✗ RS rating ≥80 (leadership) 79
✓ Stage 2 uptrend (Weinstein) Stage 2
✓ Within 25% of 52W high -6.8%

Method Playbook

Trade it like Darvas EXACT LEVELS · PRO
Darvas B · Watch — The deterministic methodology check is Watch; wait for the failing or incomplete criteria to improve before the trigger can qualify.
Pivot
Pro level
Published-method rule: Use the top of the active Darvas box near the high as the mechanical breakout boundary.
Evidence: Canonical setup geometry is available with Pro.
Entry trigger
Pro level
Published-method rule: Require price to clear the box top with volume confirmation; movement inside the box remains observation, not a trigger.
Evidence: Canonical setup geometry is available with Pro.
Initial stop
Pro level
Published-method rule: Start below the active box support or the canonical structural stop that proves the breakout failed.
Evidence: Canonical setup geometry is available with Pro.
Trail
Rule-based
Published-method rule: As higher boxes form, raise the stop beneath the newest confirmed box floor; the stop moves up only.
Evidence: Planned management rule; no stored stop or broker order is changed automatically.
Exit / invalidation
Pro level
Published-method rule: Exit when price breaks the active box floor or decisively falls back through the breakout structure.
Evidence: Canonical setup geometry is available with Pro.
Deterministic educational plan, not a recommendation. No order or stop is changed automatically. Method and sources →

Pattern Analysis

Cup & Handle Historical replay: +20% before −8% within 40 sessions: 21% (n=53) · source bars 2025-03-17–2026-09-04 · avg +1.9% per setup (+0.24R) ⚠ Extended above volume value area ⚠ Late-stage base (#4) ⚠ Not actionable yet
55 setup score
RS Score 79
Trend template 7/8
CANSLIM — (N/A)
29.6% cup depth 5.3% handle
Why This Setup?
cup handle Cup & Handle · schematic

depth=29.6%, handle_pb=5.3%, lips_diff=3.8%, upper_half=yes, u_shape=yes, near_pivot=no, orderly=yes | Strong trend (7/8) | Good RS (79) | High-confidence pattern (90%) | Accumulation (1.6× up/dn vol) | Power Trend | Stage 2 | Readiness 64/100 (early) | CANSLIM N/A (N/A) | ⚠ Extended above volume value area; Late-stage base (#4); Not actionable yet

Ask a Legend ▾
The Universal Edge Check · context only

What the setup still has going for it, recorded for later. The verdict above stands — these principles do not overrule it.

2/7 universals met
  • Risk is defined — not met No stop — undefined risk
  • A relative-strength leader — partly met RS rank 75 — middling
  • Asymmetric reward — partly met No target set
  • Not chasing (in range) — partly met Pivot distance unknown
  • Volume confirms — partly met 0.8× average — light
  • Clear of earnings — met in 39 days
  • In a confirmed uptrend — met Stage 2 · Trend template 7/8
Why these seven? → The Universal Edge

Minervini Trend Template

7/8

Grades the price structure — moving-average stacking, distance from the 52-week high/low, and relative strength above the ≥70 uptrend bar. This is the technical trend check; the company's fundamentals and ≥80 RS leadership are scored separately in the Grade Card.

Price above SMA 150 & 200 $126.14 vs SMA150 $110.52 / SMA200 $109.13
SMA 150 above SMA 200 SMA150 $110.52 vs SMA200 $109.13
SMA 200 trending up Slope +4.21 over 20 days
SMA 50 above SMA 150 & 200 SMA50 $109.11
Price above SMA 50 $126.14 vs SMA50 $109.11
30%+ above 52-week low +65.9% from $76.05
Within 25% of 52-week high -6.8% from $135.29
RS score above 70 RS 79

Fundamentals

52W Range
85%
Mkt Cap SEC
132.9B
Rev YoY
+21%
EPS TTM
$6.39
P/E TTM
19.7x
Float
1.1B

Company

Company profile
Newmont Corporation
NEM · NYSE · Non-Energy Minerals · Precious Metals
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O'Neil · Grade Card
CANSLIM — current EPS, annual EPS, new highs, supply, leader RS, inst. sponsorship, market
N/A — CANSLIM
C · Curr. EPS
100
A · Annual EPS
81
N · New Highs
100
S · Supply/Demand
70
L · Leader RS
79
I · Inst. Spons.
100
M · Market
30

Weekly Context

Multi-timeframe signals from weekly bars
W. Trend
7/8
W. RS
92
W. Support
$88.75
W. Resist
$135.29
Weekly Structure

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