ALPHAMIN RESOURCES CORP (AFM.CA) Stock Technical Analysis
TSX-V:AFM - TSX Venture Exchange - MU0456S00006 - Common Stock - Currency: CAD
We assign a technical rating of 4 out of 10 to AFM. Although AFM is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
AFM has an average volume of 1066170 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that AFM is one of the better performing stocks in the market, outperforming 86% of all stocks. However, this relatively good performance is mostly due to a recent big move.
AFM is part of the Metals & Mining industry. There are 808 other stocks in this industry, AFM did better than 69% of them.
AFM is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so AFM is lagging the market slightly.
In the last month AFM has a been trading in the 0.77 - 1.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, AFM does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 0.88. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 0.85, a Stop Loss order could be placed below this zone.
More info and screens
0.79
0.99
2 important support areas can be observed.
- A support zone ranging from 0.85 to 0.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 0.80 to 0.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 0.88 to 0.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.92 from a trend line in the daily time frame.
- A resistance zone ranging from 0.95 to 0.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 0.98 to 0.98. This zone is formed by a combination of multiple trend lines in the daily 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 | DOWN | NEGATIVE | The long term trend for AFM.CA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AFM.CA is down. |
| ChartMill Relative Strength | 86.48 | POSITIVE | AFM.CA has a high relative strength, it outperformed 86.48% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AFM.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of AFM.CA is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of AFM.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.75 | NEUTRAL | The RSI value for AFM.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests AFM.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 49.63 | NEUTRAL | The Stochastics value for AFM.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.15 | HIGH VOLATILITY | The high ATR as a percentage value for AFM.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 25.4 | POSITIVE | The high ADX value value for AFM.CA suggests a strong trend. |
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)
TSX-V:AFM (6/19/2025, 7:00:00 PM)
0.86
+0.02 (+2.38%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg2.38%
1 Week-1.15%
2 Weeks1.18%
1 Month-8.51%
3 Month93.26%
6 Month-21.1%
12 Month-20.37%
2 Year-14%
3 Year3.61%
5 Year493.1%
10 Year273.91%
15 Year186.67%
Volatility
ATR(14)0.05
ATR(20)%5.15%
ATR Inc-18.25%
Range Today0.04
ADR(20)0.04
ADR(20)%4.97%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.48
Mansfield-1.61
10 Day High0.88
10 Day Low0.77
20 Day High1
20 Day Low0.77
52 Week High1.32
52 Week Low0.41
CS1 End0.85
CR1 Start0.88
Volume & EV
DER(3)1.75%
DER(5)-0.27%
Volume144.78K
Volume Incr-56.46%
Vol(5)393.11K
Vol(50)1.07M