ALPHAMIN RESOURCES CORP (AFM.CA) Stock Technical Analysis
Canada - TSX Venture Exchange - TSX-V:AFM - MU0456S00006 - Common Stock
Taking everything into account, AFM scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, AFM is only an average performer.
AFM has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 1.10, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for AFM 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
1.02
2 important support areas can be observed.
- A support zone ranging from 1.09 to 1.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.03 to 1.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- Resistance @1.20 from a horizontal 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 AFM.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AFM.CA is up. |
| ChartMill Relative Strength | 40.96 | NEUTRAL | AFM.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AFM.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AFM.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AFM.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.32 | NEUTRAL | The RSI value for AFM.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests AFM.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.33 | OVERBOUGHT | The high Stochastics value suggests AFM.CA may be overbought. |
| Average True Range in percent/ATR (20) | 3.72 | MEDIUM VOLATILITY | The ATR as a percentage value for AFM.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 17.18 | NEGATIVE | The low ADX value for AFM.CA suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 1.21 | 1.06 | 0.15 (12.40%) | 8.07% |
| An entry @1.21. This is a Buy Stop order right above the resistance zone. | An exit @1.06. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.15 points, which is 12.40%. | When investing 8.07% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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:AFM (12/31/2025, 7:00:00 PM)
1.19
-0.03 (-2.46%)
ALPHAMIN RESOURCES CORP / AFM.CA FAQ
Can you provide the ChartMill technical rating for ALPHAMIN RESOURCES CORP?
ChartMill assigns a technical rating of 8 / 10 to AFM.CA.
What is the current trend direction of ALPHAMIN RESOURCES CORP (AFM.CA) stock?
The current trend direction for ALPHAMIN RESOURCES CORP (AFM.CA) is Bullish.
What is the RSI signal for ALPHAMIN RESOURCES CORP (AFM.CA) stock?
ALPHAMIN RESOURCES CORP (AFM.CA) has an RSI value of 59.3214. This indicates that the stock is currently neutral.
What is the buy/sell signal for ALPHAMIN RESOURCES CORP (AFM.CA) stock?
The buy/sell signal for ALPHAMIN RESOURCES CORP (AFM.CA) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for ALPHAMIN RESOURCES CORP (AFM.CA) stock?
ALPHAMIN RESOURCES CORP (AFM.CA) has a support level at 1.1 and a resistance level at 1.2. Check the full technical report for our detailed analysis of AFM.CA support and resistance levels.