What chart pattern is ChartPattern.io tracking on Newmont?
ChartPattern.io is currently tracking Bearish Flag on Newmont in the Materials stock. Secondary context includes Bearish Flag and Descending Triangle.
Live Materials stock scanner page for Newmont. Review the bearish flag setup, chart structure, and trade levels in one place.
NEM is showing interesting structural developments at $113.92. Currently at $113.92, the asset is showing upward momentum (1.14%). The primary technical feature is a Bearish Flag formation. Volume is average (0.83x avg) with moderate trend strength (2.8). A potential breakout level is identified at $106.96, targeting $68.43 with support near $119.24 (R:R 3.14).
NEM is part of the Materials stock on ChartPattern.io. The scanner currently highlights Bearish Flag as the leading setup, with an entry near $106.96, a stop around $119.24, and a target near $68.43.
Bearish Flag
76/100 CP Index
Entry $106.96 · Stop $119.24 · Target $68.43
Traders are watching this Bearish Flag on NEM. Inspect the chart now.
Sideways movement between parallel supports.
Bearish continuation if preceding move was down.
Bearish continuation pattern.
What is your outlook on NEM?
These answers make the page easier to scan for traders, search engines, and LLMs looking for quick context on NEM.
ChartPattern.io is currently tracking Bearish Flag on Newmont in the Materials stock. Secondary context includes Bearish Flag and Descending Triangle.
The current trade plan points to an entry near $106.96, a stop near $119.24, and a target near $68.43.
Newmont currently leans bullish. The page is showing a CP Index of 76/100, which helps summarize the current technical setup.