Buy signal, second confirmation week
Newmont: the buy signal holds, but RSI calls for caution
Our view last week
Newmont stock extends last week's surge: up 4.2% and building a third straight higher low in an already established uptrend. The price is pressing into the 120 area, its 7-day high, with buyers in firm control — 63% of daily volume — and money flow back solidly positive. Our weekly technical analysis confirms the fresh buy signal: the first confirmation week closed higher, though daily RSI already at 71 calls for caution on entry timing.
This week's summary
Newmont's buy signal holds and moves into its second confirmation week, with the trade already up 16%. The week just closed brought an 11.7% jump, and the price is now pressing against its all-time high. The weekly structure is solid, averages aligned and MACD above its Signal line, but daily RSI at 76 flags a stretched stock. Signal strength medium (66 out of 100), setup quality in tension (76 out of 100): a constructive picture, with caution on timing.
IQS Phase
76
in tension
Signal Strength
66
medium
Sizing
STANDARD
Ranking
#48 / 167
US stocks in progress
Trade P&L %
+16.46%
from signal to date, no stop loss
Rank position
ranks 48th among the 167 Longs already running for US stocks in our ranking, with a signal strength of 66 out of 100.
Sector context
SectorMaterials
Benchmark ETFXLB
Sector regimein strong phase
Performanceweekly +1.90% · monthly +5.35%
NEM belongs to the materials sector (reference ETF XLB). The sector is classified in strong phase according to our weekly reading.
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