FORAN MINING CORPORATION (FOM.CA) Stock Technical Analysis
TSX-V:FOM - TSX Venture Exchange - CA3449112018 - Common Stock - Currency: CAD
Overall FOM gets a technical rating of 3 out of 10. In the past year, FOM was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, FOM is a bad performer in the overall market: 64% of all stocks are doing better.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
FOM is part of the Metals & Mining industry. There are 822 other stocks in this industry, FOM did better than 50% of them.
FOM is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
In the last month FOM has a been trading in the 3.85 - 4.22 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, FOM does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 4.08, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
3.50
4.67
When analyzing the support we can see 5 important areas.
- A support zone ranging from 3.95 to 4.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.86 from a trend line in the weekly time frame.
- Support @3.72 from a trend line in the weekly time frame.
- A support zone ranging from 3.62 to 3.66. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 3.54 to 3.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- Resistance @4.14 from a trend line in the daily time frame.
- Resistance @4.54 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 4.62 to 4.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS36.88
Mansfield-0.23
10 Day High4.2
10 Day Low3.85
20 Day High4.22
20 Day Low3.85
52 Week High4.69
52 Week Low3.43
Performance
1 Week1.11%
2 Weeks2.63%
1 Month5%
3 Month0.12%
6 Month15.68%
12 Month-0.85%
2 Year3.67%
3 Year48.91%
5 Year4210.53%
10 Year1538%
15 Year2459.37%
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)54.84
LBB3.88
UBB4.2
TSX-V:FOM (3/7/2025, 7:00:00 PM)
4.095
-0.08 (-1.8%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-1.8%
1 Week1.11%
2 Weeks2.63%
1 Month5%
3 Month0.12%
6 Month15.68%
12 Month-0.85%
2 Year3.67%
3 Year48.91%
5 Year4210.53%
10 Year1538%
15 Year2459.37%
Volatility
ATR(14)0.14
ATR(20)%3.32%
ATR Inc-6.67%
Range Today0.15
ADR(20)0.13
ADR(20)%3.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS36.88
Mansfield-0.23
10 Day High4.2
10 Day Low3.85
20 Day High4.22
20 Day Low3.85
52 Week High4.69
52 Week Low3.43
CS1 End4.08
CR1 Start4.14
Volume & EV
DER(3)-2.56%
DER(5)0.12%
Volume253.65K
Volume Incr1.13%
Vol(5)377.07K
Vol(50)319.52K