The best indicator for Newmont (NEM)
We backtested 382 indicators across daily, weekly and hourly charts on real Newmont (NEM) history. Here's what actually worked — risk-adjusted, out-of-sample, with costs.
Where Newmont (NEM) stands
Computed from our own daily OHLCV history, not quoted from a third party. Moving averages use closing prices; "52-week" is the last 252 trading sessions.
WaveTrend (8/6/4)
On the weekly chart, this is the strongest risk-adjusted edge we found for Newmont (NEM) over ~46.4 years — beating buy-and-hold by 2.2% CAGR.
Newmont (NEM) on the weekly chart
The timeframe our backtest found best for this asset. The chart is live market data; the results above are hypothetical and historical.
Chart by TradingView. Loading it contacts tradingview.com, which may set its own cookies — see our privacy policy.
Best multi-indicator combo
Going long only when all 2 agree was the strongest confluence setup we found for Newmont (NEM) — trailing buy-and-hold by 4.2% CAGR, out-of-sample. Fewer, higher-conviction trades than any single indicator.
The winner on each chart
Every indicator, ranked
Ranked by Sharpe (risk-adjusted return). Hypothetical, fees included.
| # | Indicator | TF | CAGR | Sharpe | Max DD | Win | Trades | vs B&H |
|---|---|---|---|---|---|---|---|---|
| 1 | WaveTrend (8/6/4) ✓ | Weekly | 8.5% | 0.44 | -51.6% | 78.0% | 41 | 2.2% |
| 2 | Williams %R ✓ | Weekly | 7.1% | 0.42 | -61.8% | 75.4% | 69 | 0.8% |
| 3 | Intraday Momentum Index ✓ | Weekly | 7.4% | 0.42 | -62.6% | 76.7% | 30 | 1.1% |
| 4 | Zero-Lag MACD ✓ | Weekly | 7.7% | 0.41 | -63.0% | 47.2% | 195 | 1.5% |
| 5 | Zero-Lag MACD ✓ | Weekly | 7.7% | 0.41 | -63.0% | 47.2% | 195 | 1.5% |
| 6 | Chande-Kroll Stop (fast) ✓ | Weekly | 8.1% | 0.4 | -62.9% | 40.9% | 164 | 1.8% |
| 7 | Money Flow Index ✓ | Daily | 7.0% | 0.39 | -56.4% | 75.9% | 54 | 0.7% |
| 8 | Ultimate Oscillator ✓ | Daily | 7.4% | 0.39 | -69.5% | 79.6% | 49 | 1.0% |
| 9 | CCI ✓ | Weekly | 6.5% | 0.39 | -59.9% | 74.5% | 51 | 0.3% |
| 10 | Stochastic ✓ | Weekly | 6.7% | 0.38 | -59.1% | 74.0% | 50 | 0.5% |
| 11 | SMC: Liquidity Sweep ✓ | Weekly | 7.0% | 0.38 | -65.0% | 73.0% | 37 | 0.7% |
| 12 | Order-Flow Reversion ✓ | Weekly | 4.7% | 0.37 | -47.1% | 81.1% | 37 | -1.5% |
| 13 | Bollinger Mean-Reversion ✓ | Weekly | 4.9% | 0.36 | -47.1% | 84.6% | 39 | -1.4% |
| 14 | Stochastic Momentum Index ✓ | Weekly | 5.6% | 0.36 | -59.3% | 72.9% | 48 | -0.7% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
What it would take to beat buy & hold on Newmont (NEM)
44 of 724 tested setups beat buy-and-hold on Newmont (NEM) outright. Another 224 could get there with leverage they would survive — but 259 would be liquidated by their own drawdown before they caught it.
| Indicator | Beats B&H unlevered | Leverage needed | Leverage survived |
|---|---|---|---|
| SMC: Fair Value Gap | 1 | 1.04× | 1.58× |
| ROC (60) | 1 | 1.08× | 2.13× |
| Net Volume | 1 | 1.11× | 1.66× |
| Liquidity Flow Oscillator | 1 | 1.11× | 1.66× |
| ZLEMA 200 Trend | 1 | 1.28× | 2.24× |
| Smoothed MA (Wilder) | 1 | 1.37× | 1.92× |
Out-of-sample, costs included. A setup is only listed if the leverage it needs is less than the leverage its own worst drawdown survives — when it isn't, no amount of leverage gets there. Volatility drag isn't modelled, so these are the optimistic case. Every indicator, ranked this way
For Newmont (NEM), WaveTrend (8/6/4) on the weekly timeframe gave the best balance of return and risk in our test. It beat buy-and-hold — but remember: this is a hypothetical backtest of a standard rule, not a recommendation. Markets change. See the methodology and disclaimer.
More stock
Get alerted when Newmont’s signal flips
We track Newmont daily. Its backtested best indicator, WaveTrend (8/6/4) (Weekly), is long right now — we'll email you the moment that changes. Free, no spam, unsubscribe any time.