FORTUNA MINING CORP (FSM) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:FSM - CA3499421020 - Common Stock
Taking everything into account, FSM scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, FSM is showing a nice and steady performance.
Besides having an excellent technical rating, FSM also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
5.51
7 important support areas can be observed.
- A support zone ranging from 9.43 to 9.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @9.21 from a horizontal line in the daily time frame.
- Support @8.54 from a trend line in the daily time frame.
- Support @7.94 from a horizontal line in the daily time frame.
- Support @7.51 from a trend line in the daily time frame.
- Support @6.24 from a horizontal line in the daily time frame.
- Support @5.57 from a trend line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for FSM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FSM is up. |
| ChartMill Relative Strength | 95.36 | POSITIVE | FSM has a high relative strength, it outperformed 95.36% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FSM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FSM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FSM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.17 | NEUTRAL | The RSI value for FSM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests FSM has a negative trend. |
| Stochastics (14,3) | 38.02 | NEUTRAL | The Stochastics value for FSM is a neutral value. |
| Average True Range in percent/ATR (20) | 4.72 | MEDIUM VOLATILITY | The ATR as a percentage value for FSM suggests some volalility. |
| Average Directional Index/ADX (14) | 22.45 | NEUTRAL | The ADX value for FSM suggests a possible start of a new trend. |
9.6
-0.16 (-1.64%)
FORTUNA MINING CORP / FSM FAQ
Can you provide the ChartMill technical rating for FORTUNA MINING CORP?
ChartMill assigns a technical rating of 10 / 10 to FSM.
Can you provide the trend direction for FORTUNA MINING CORP?
The current trend direction for FORTUNA MINING CORP (FSM) is Bullish.
Can you provide the RSI signal for FORTUNA MINING CORP?
FORTUNA MINING CORP (FSM) has an RSI value of 57.1729. This indicates that the stock is currently neutral.
What is the buy/sell signal for FORTUNA MINING CORP (FSM) stock?
The buy/sell signal for FORTUNA MINING CORP (FSM) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for FORTUNA MINING CORP?
FORTUNA MINING CORP (FSM) has a support level at 9.59. Check the full technical report for our detailed analysis of FSM support and resistance levels.