Newmont Corporation
Here’s whether Newmont Corporation (NEM) is worth buying in 2026 — based on weekly-updated price trend, RSI momentum, and return vs. the S&P 500. Our current read: Caution.
Positives: 50-day MA is rising (+0.58% over 10 days); RSI 37 — healthy momentum range; strong 1-year return of +82.9%. Concerns: trading below the 200-day MA (long-term downtrend); below the 50-day MA (medium-term momentum negative); 3-month momentum negative (-14.8%). Currently 26.1% off its 52-week high. Score: -1/7.
NEM is trading below its 200-day MA ($101.17) — a key warning sign the longer-term trend is under pressure. An RSI of 36.6 sits in the neutral zone — momentum is neither stretched nor exhausted. The 1-year return of +82.9% compares to +24.4% for SPY (beat the market by 58.5%). The current 26.1% drawdown from the 52-week high reflects elevated risk for momentum-based strategies.