Stand aside — setup invalidated
Setup score 50, but price closes below stop $129.18 — stand aside until the condition resets.
Simple research view
NEM · Newmont Corporation
$110.39 +1.40% Oct 26 close
Switch to Advanced for indicator panels, raw grades, provenance, drawing tools, and full technical tables.
$NEM
Newmont CorporationNewmont Corporation is a large-cap Precious Metals company in the Non-Energy Minerals sector with a market cap of $115B.
Market Structure
Trend structure: range
Latest event: structure_shift
(bullish)
Resistance
111.28–112.18
· 4 touches · moderate
Resistance
120.00–120.83
· 4 touches · moderate
Resistance
121.26–122.00
· 3 touches · moderate
Support
109.30–109.83
· 3 touches · moderate
Momentum Turn Watch
Bollinger Squeeze + Lower-Band Support
Bollinger band width (8.8%) is in the bottom quartile of its last 120 sessions — Legend's width-percentile squeeze (not a TTM/Keltner squeeze), so volatility is compressed and a sharper move often follows. Price ($110.39) is holding just above the lower Bollinger band ($110.20; %B 2) — support at the bottom of the bands.
Early technical context only. Wait for price, volume, and the canonical setup trigger to confirm; this signal does not change readiness or the setup score.
Historical verdict · setup score 50/100 · data Oct 26 close · latest session
Stand aside — setup invalidated
Setup score 50, but price closes below stop $129.18 — stand aside until the condition resets.
Recent price action · daily
What would change this verdict
What needs to turn for this to become buyable — the top failing checks across the legend council:
- Minervini 1.1 Price > 150-day MA AND 200-day MA — Price $110.39, MA150 $110.70, MA200 $112.47
- Minervini 1.2 150-day MA > 200-day MA — MA150 $110.70 vs MA200 $112.47
- O'Neil C: Quarterly EPS acceleration ≥ 25% — +15.1% QoQ
- O'Neil N: Near 52-week high or RS line new high — 18.4% below high | RS line new high: False
- Weinstein Price above 30-week MA (200-day proxy) — Price $110.39 vs MA200 $112.47
- Weinstein Volume expansion above average — Volume ratio 1.08x
Minority view — the council disagrees here
- Minervini: avoid Trend-template read: fails Price > 150-day MA AND 200-day MA.
- O'Neil: avoid CANSLIM read: fails C: Quarterly EPS acceleration ≥ 25%.
- Weinstein: watch Stage-analysis read: Stage 2 is present; 2 supporting checks need improvement.
62
Neutral
Legend Score · rates the stock
Neutral (62/100) — held back by eps growth
Our proprietary 0-100 rating — the answer to Wall Street's black-box scores. Five pillars, each computed from real scan data, each explained below in plain English.
- Relative Strength (25%) 83
- Trend Template (25%) 88
- Institutional Footprint (20%) 38
- EPS Growth (15%) 30
- Quality (SMR-like) (15%) 44
RS rank 82: beating most of the market. Trend template 7/8: price above rising 50/150/200-day lines — textbook uptrend structure. Institutional score 38: mild distribution — sellers active. EPS up +0% — growing, but below the 25% leadership bar. Quality 44: weak fundamentals (sales growth 30, return on equity 41, leverage 100). Updated 2026-09-30.
Earnings
Normal technical setup
Next earnings
Thursday, October 22, 2026
After market close
Exact clock time not supplied by source
Deterministic evidence
Reported EPS 2.2 vs estimate 2.0715 · surprise +6.2%
NEM+1.40%
Sector proxy · XLB+0.14%
Broad market · SPY+0.71%
Session internals Strong momentum
Rule: closed up, at or above the open, in the top third of the day's range. Judged on internals, not on the size of the move.
Vs prior close+1.40%
From the open+1.44%
Range position96%
GapNo gap
QQQ confirmationConfirming (+1.11%)
SMH confirmationConfirming (+2.74%)
Ask a Legend to interpret this evidence → Commentary only — never scanner evidence or a sizing recommendation.
More stats
52W Low
$76.05
Tight Wks
0
Base
B2
SMA 200
$112.47
RS Line vs High
-19.2%
RS Line Slope
-4.8% ▼
ADR%
2.7%
ATR(14)
$3.94 (3.6%)
Vol Pace (live)
N/A
A/D Days
14A / 8D
A/D Rating
A+
VDU Bars
0/10 d
Earnings
past
NEM Chart
Interactive price, volume, RS, RSI, and MACD charts are available after sign in.
Technical Analysis Report Card
$NEM · $110.39 · as of 2026-10-26 · multi-factor read
37
/ 100
Reference read from price & volume only — the verdict at the top of the page decides the action.
Trend · Daily / Weekly / Monthly
Daily
▼ Downtrend
Weekly
▬ Sideways / consolidating
Monthly
▬ Sideways / consolidating
Moving Averages
50-day$121.52 ↓
100-day$110.31 ↑
200-day$112.47 ↓
Bullish (50 > 200)
RSI (14)
Reading39.3 · Bearish
Bearish momentum — sellers in control.
MACD (12/26/9)
StateBearish
Histogram-0.477
Bearish — MACD below its signal line and below zero. Histogram contracting.
Bollinger Bands (20,2)
%B / Width2% · 8.8%
Squeeze — volatility compressing
Near the lower band — under pressure or oversold. Bands are squeezing — volatility is compressing, often a precursor to a sharp move.
Volume · Buyer vs Seller
Up/Down vol1.31 · Neutral
Rel volume1.08×
Pocket pivots · 10d1
5d vs 50d vol101%
Heavy vol up / down0 / 0
Balanced — up/down volume is roughly even; no clear hand. Recent volume is easing versus its baseline.
- Pocket pivot 6 sessions ago — up-day volume beat every down day of the prior 10 sessions.
Support & Resistance
R · $112.06swing level
R · $121.42swing level
R · $128.09swing level
Price · $110.39now
S · $109.83swing level
S · $106.87swing level
S · $103.88swing level
Fibonacci · Uptrend swing
23.6%$124.31
38.2%$117.51
50.0% ◄ price here$112.02
61.8%$106.53
78.6%$98.71
Retracement support zones measured from the recent swing low up to the high.
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Daily downtrendBelow 200-day MA50/200 bullishRS 82 (leader)
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.
How to read the numbers: the setup score (50/100, in the verdict band) rates this trade setup. Each legend's A–D grade rates the same setup against that legend's own checklist — so a high score next to a C grade is not a contradiction. The setup can be strong without fitting that legend's style. When the council disagrees, the verdict band breaks the tie.
Council consensus:
7 of 9 legends are Watching — building, not yet a confirmed buy.
Minervini
Avoid
C
Trend-template read: fails Price > 150-day MA AND 200-day MA.
partialRule check says AVOID (8/13 checks passed) — Trend-template read: fails Price > 150-day MA AND 200-day MA.
Passing evidence
1.4 50-day MA > 150-day MA AND 200-day MAMA50 $121.52, MA150 $110.70, MA200 $112.47
1.7 Price within 25% of 52-week high18.4% below 52-week high
Failing evidence
1.1 Price > 150-day MA AND 200-day MAPrice $110.39, MA150 $110.70, MA200 $112.47
1.2 150-day MA > 200-day MAMA150 $110.70 vs MA200 $112.47
O'Neil
Avoid
D
CANSLIM read: fails C: Quarterly EPS acceleration ≥ 25%.
partialRule check says AVOID (3/8 checks passed) — CANSLIM read: fails C: Quarterly EPS acceleration ≥ 25%.
Passing evidence
L: RS rank ≥ 80 (IBD leadership)RS rank 82
A: Annual earnings & revenue qualityRev +21.3% | ROE 25.2%
Failing evidence
C: Quarterly EPS acceleration ≥ 25%+15.1% QoQ
N: Near 52-week high or RS line new high18.4% below high | RS line new high: False
Weinstein
Watch
B
Stage-analysis read: Stage 2 is present; 2 supporting checks need improvement.
mediumClassic Stage 2 advancing phase — strong weekly trend confirms uptrend. This is Weinstein's sweet spot: buy and hold while price remains above the 30-week MA.
Passing evidence
Stage 2 (Advancing phase) confirmedStage 2 (Advancing)
30-week MA trending upwardFrom weekly scan context
Failing evidence
Price above 30-week MA (200-day proxy)Price $110.39 vs MA200 $112.47
Volume expansion above averageVolume ratio 1.08x
dennis
Watch
C
Turtle read: no Donchian signal. The system stays flat until price takes out the 20-day high.
Passing evidence
No breakdown below the 20-day channel20-day low $107.81
Volatility-unit sizing (1N ≈ 1% of equity)1N = $3.95 (3.58% of price); the Turtles size 1 unit so a 1N move ≈ 1% of equity, making the 2N stop ≈ 2% equity risk
Failing evidence
S1: 20-day Donchian breakoutNot confirmed
S2: 55-day Donchian breakoutNot confirmed
zanger
Watch
B
Zanger read: the structure is fine but the breakout quality is not there yet — wait for 150%+ volume on the break.
partialZanger would buy the Cup & Handle breakout only with 150-200% volume, never more than 5% above the breakout point, with a 2-3% stop set at entry. His edge over O'Neil is the exit plan: sell 20-30% of the position at +15-20%, then trail the rest on the 10/20-day moving average.
Passing evidence
Named Zanger pattern onlyCup & Handle
Not extended (≤5% above the breakout point)Measured as passing
Failing evidence
Breakout volume 1.5-2.0x averageNot confirmed
zweig
Watch
B
Zweig read: part of his screen passes but not all: Insider buying — wait for the full growth screen before treating this as a Zweig setup.
Passing evidence
EPS growth above the market (≥15% QoQ)+15.1% QoQ — Zweig wants growth above the S&P average
Reasonable price for the growth (P/E ≤ 35)Trailing P/E 17.3x — no PEG or forward P/E stored
Failing evidence
Insider buyingNo insider buying flagged
Monetary conditions: don't fight the FedFed series stored but too thin to read direction
Livermore
Watch
B
Pivotal-point read: constructive evidence is present, but volume vs average is unresolved.
Passing evidence
Price$110.39
Relative strengthRS 82
Failing evidence
Volume vs average1.08x
Pivotal point cleared on expanding volumeNot confirmed
Darvas
Watch
B
Box-theory read: constructive evidence is present, but volume vs average is unresolved.
partialConsolidating within the box (13.4% from 52W high) — patience until it approaches the prior high.
Passing evidence
Price$110.39
Relative strengthRS 82
Failing evidence
Volume vs average1.08x
Box top broken on heavy volumeNot confirmed
Wyckoff
Watch
B
Supply-and-demand read: constructive evidence is present, but volume vs average is unresolved.
Passing evidence
Price$110.39
Relative strengthRS 82
Failing evidence
Volume vs average1.08x
Sign of Strength confirmed on expanding volumePrice hasn't cleared the pivot yet — confirmation pending
Base & Breakout
Breakout follow-through
No active breakout tracked — Legend AI monitors daily for pivot-point breaks. What's a breakout?
Latest candle: Bullish Engulfing — Today's up candle fully engulfs yesterday's down candle — a classic bullish reversal, strongest after a pullback to support.
RS Line vs SPY
52-week relative strength · blue = RS line · dashed = MA50 · dot = NH
▼ Falling
Accumulation / Distribution
last 65 sessions · green = acc on high vol · red = dist on high vol
Net +1
Fundamentals & leadership quality — Minervini’s published criteria · 5/7 met
B
5/7 criteria
Separate score from the Minervini Trend Template (5/8): 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
+15%
Revenue growth ≥20% YoY
+21%
Gross margin ≥30%
68%
ROE ≥17%
25%
RS rating ≥80 (leadership)
82
Stage 2 uptrend (Weinstein)
Stage 1
Within 25% of 52W high
-18.4%
Method Playbook
Trade it like O'Neil
EXACT LEVELS · PRO
O'Neil D · Avoid — The deterministic methodology check is Avoid; wait until the blocking criteria are resolved.
Pivot
Pro levelPublished-method rule: Use the proper base pivot or handle high after CANSLIM leadership and market-direction checks are satisfied.
Evidence: Canonical setup geometry is available with Pro.
Evidence: Canonical setup geometry is available with Pro.
Entry trigger
Pro levelPublished-method rule: Require a breakout through the pivot on volume at least 40% above average; the valid buy zone ends 5% above the pivot.
Evidence: Canonical setup geometry is available with Pro.
Evidence: Canonical setup geometry is available with Pro.
Initial stop
Pro levelPublished-method rule: Use the setup's structural stop with a hard 7–8% maximum-loss ceiling from the actual entry.
Evidence: Canonical setup geometry is available with Pro.
Evidence: Canonical setup geometry is available with Pro.
Trail
Rule-basedPublished-method rule: Protect progress under constructive support such as the 21-day or 10-week line; a stop may ratchet higher but never lower.
Evidence: Planned management rule; no stored stop or broker order is changed automatically.
Evidence: Planned management rule; no stored stop or broker order is changed automatically.
Exit / invalidation
Pro levelPublished-method rule: Exit on the hard loss limit, a decisive support break, or a rule-based climax/distribution signal; a normal 20–25% advance is reviewed rather than assumed permanent.
Evidence: Canonical setup geometry is available with Pro.
Evidence: Canonical setup geometry is available with Pro.
Deterministic educational plan, not a recommendation. No order or stop is changed automatically. Method and sources →
The published-method workflow is public. Unlock exact pivot, entry, stop, target, and sizing with Pro →
Forming Patterns (predictive — not confirmed)
Head & Shoulders
bearish
forming
75%
built
Possible head & shoulders top — not confirmed. Watch for a daily close below ~88.75 (neckline) to confirm, with measured-move risk toward ~42.21. A push back above 128.09 weakens the pattern; reclaiming 135.29 invalidates it.
Confirms below
88.75
Invalidates at
135.29
Left Shoulder
121.26
Head
135.29
Right Shoulder
128.09
Neckline
88.75
Target
42.21
LS 121.26 / head 135.29 / RS 128.09, neckline ~88.75, vol_fading=yes
Predictive pattern recognition is educational — most forming structures never confirm. Wait for the confirmation level before treating this as a setup.
Pattern Analysis (historical)
Cup & Handle
Historical replay: +20% before −8% within 40 sessions: 16% (n=376) · source bars 2024-11-01–2026-10-26 · avg +0.3% per setup (+0.03R)
⚠ Late-stage base (#4)
⚠ Head & shoulders top (neckline confirmed)
⚠ Not actionable yet
50
setup score
RS Score
82
Trend template
5/8
CANSLIM
71.0* (B)
29.4% cup depth
7.7% handle
- Cup 29.4% deep from a $129.18 left rim to a $91.18 low
- Rims 4.7% apart (ideal, within 10%)
- Handle pulled back 7.7% over 3 bars from $124.25 to $114.63
- Handle sits in the upper half of the cup
- Rounded U-shaped bottom
- Pivot $135.29 fixed at the handle high
- No close above the pivot yet
- Volume dried up in the handle
Raw detector evidence · confidence is a heuristic match score, not a probability
depth=29.4%, handle_pb=7.7%, lips_diff=4.7%, upper_half=yes, u_shape=yes, near_pivot=no, orderly=yes | Strong trend (7/8) | Top RS (82) | High-confidence pattern (90%) | Stage 2 | Readiness 63/100 (early) | CANSLIM 71.0 (B) | ⚠ Late-stage base (#4); Head & shoulders top (neckline confirmed); Not actionable yet
setup_key=cup_handle|2026-07-08|2026-08-25|135.29 · cup_handle/2026-09-16
anchors={"bottom": {"bar": 151, "bars_ago": 58, "date": "2026-07-08", "price": 91.18}, "breakout": null, "handle_high": {"bar": 205, "bars_ago": 4, "date": "2026-09-23", "price": 124.25}, "handle_low": {"bar": 208, "bars_ago": 1, "date": "2026-09-28", "price": 114.63}, "left_lip": {"bar": 39, "bars_ago": 170, "date": "2026-01-26", "price": 129.184}, "right_lip": {"bar": 185, "bars_ago": 24, "date": "2026-08-25", "price": 135.29}}
Why This Setup?
D+W Confluence
Cup & Handle · schematic
depth=29.4%, handle_pb=7.7%, lips_diff=4.7%, upper_half=yes, u_shape=yes, near_pivot=no, orderly=yes | Strong trend (7/8) | Top RS (82) | High-confidence pattern (90%) | Stage 2 | Readiness 63/100 (early) | CANSLIM 71.0 (B) | ⚠ Late-stage base (#4); Head & shoulders top (neckline confirmed); Not actionable yet
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.
3/7
universals met
- Clear of earnings — not met in -5 days — event risk
- A relative-strength leader — partly met RS rank 63 — middling
- In a confirmed uptrend — partly met Stage 1 · Trend template 5/8 — not yet Stage 2
- Volume confirms — partly met 0.6× average — light
- Asymmetric reward — met Met — levels are a Pro detail
- Not chasing (in range) — met Met — levels are a Pro detail
- Risk is defined — met Met — levels are a Pro detail
Minervini Trend Template
5/8Grades 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
$110.39 vs SMA150 $110.70 / SMA200 $112.47
SMA 150 above SMA 200
SMA150 $110.70 vs SMA200 $112.47
SMA 200 trending up
Slope +1.33 over 20 days
SMA 50 above SMA 150 & 200
SMA50 $121.52
Price above SMA 50
$110.39 vs SMA50 $121.52
30%+ above 52-week low
+45.2% from $76.05
Within 25% of 52-week high
-18.4% from $135.29
RS score above 70
RS 82
Fundamentals
52W Range
58%
Mkt Cap SEC
114.7B
EPS QoQ
+15%
Rev YoY
+21%
ROE
25%
Gross Margin
68%
D/E
0.17
EPS TTM
$6.39
P/E TTM
17.3x
Float
1.0B
Insider
No Buy
Company
Company profile
Newmont Corporation
CANSLIM — current EPS, annual EPS, new highs, supply, leader RS, inst. sponsorship, market
B
71.0* CANSLIM
* disqualified on C, M
C · Curr. EPS
78
A · Annual EPS
86
N · New Highs
40
S · Supply/Demand
80
L · Leader RS
82
I · Inst. Spons.
96
M · Market
30
Weekly Context
Multi-timeframe signals from weekly barsW. Trend
7/8
W. RS
79
W. Support
$88.75
W. Resist
$135.29
W. Patterns
Golden Cross
Weekly Structure
Trend
Neutral
Tight Weeks
0
Confirmation
Neutral
Scan History
Sep 30
Cup & Handle
✓ Gate
50
Sep 29
Wyckoff SOS
✓ Gate
50
-5.7%
Sep 30
Wyckoff SOS
✓ Gate
50
-4.3%
Sep 28
Trend Only
✓ Gate
80
-4.9%
Sep 25
Cup & Handle
✓ Gate
50
-9.1%
Latest News
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