FIRST NORDIC METALS CORP (FNM.CA) Stock Technical Analysis
TSX-V:FNM - TSX Venture Exchange - CA33583M1077 - Common Stock - Currency: CAD
Taking everything into account, FNM scores 6 out of 10 in our technical rating. Although FNM is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
100% of all other stocks performed better in the past year than FNM.
FNM is one of the lesser performing stocks in the Metals & Mining industry. 94% of 822 stocks in the same industry do better.
In the last month FNM has a been trading in the 0.47 - 0.63 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Although the technical rating is only medium, FNM does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. We notice that large players showed an interest for FNM in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
0.34
0.52
2 important support areas can be observed.
- Support @0.49 from a horizontal line in the daily time frame.
- Support @0.34 from a trend line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High0.58
10 Day Low0.47
20 Day High0.63
20 Day Low0.47
52 Week HighN/A
52 Week LowN/A
Performance
1 Week-7.27%
2 Weeks-13.56%
1 Month3.03%
3 Month59.38%
6 Month39.73%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.01
RSI(14)47.81
LBB0.49
UBB0.61
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 0.55 | 0.48 | 0.07 (12.17%) | 8.22% |
| An entry @0.55. This is a Buy Stop order right above the 10 day moving average. | An exit @0.48. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.07 points, which is 12.17%. | For a 1.00% total portfolio risk, you can invest 8.22% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of FNM. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX-V:FNM (3/7/2025, 7:00:00 PM)
0.51
+0.01 (+2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg2%
1 Week-7.27%
2 Weeks-13.56%
1 Month3.03%
3 Month59.38%
6 Month39.73%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%8.48%
ATR Inc21.26%
Range Today0.05
ADR(20)0.04
ADR(20)%8.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High0.58
10 Day Low0.47
20 Day High0.63
20 Day Low0.47
52 Week HighN/A
52 Week LowN/A
CS1 End0.49
CR1 StartN/A
Volume & EV
DER(3)4.3%
DER(5)0.04%
Volume312.97K
Volume Incr-28.49%
Vol(5)310.37K
Vol(50)366.25K