FOUNDERS METALS INC (FDR.CA) Stock Technical Analysis
TSX-V:FDR - TSX Venture Exchange - CA3505901056 - Common Stock - Currency: CAD
Taking everything into account, FDR scores 6 out of 10 in our technical rating. Although FDR 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.
Although the technical rating is only medium, FDR 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 4.70. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for FDR 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.
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3.62
We found 4 important support areas.
- Support @4.03 from a trend line in the daily time frame.
- A support zone ranging from 3.95 to 3.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.86 from a horizontal line in the daily time frame.
- Support @3.66 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 4.70 to 4.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @5.11 from a trend line in the daily time frame.
- Resistance @5.55 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 | NEUTRAL | NEUTRAL | The long term trend for FDR.CA is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FDR.CA is neutral. |
| ChartMill Relative Strength | 94.09 | POSITIVE | FDR.CA has a high relative strength, it outperformed 94.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FDR.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of FDR.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FDR.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.9 | NEUTRAL | The RSI value for FDR.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests FDR.CA has a positive trend. |
| Stochastics (14,3) | 79.28 | NEUTRAL | The Stochastics value for FDR.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 6 | HIGH VOLATILITY | The high ATR as a percentage value for FDR.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 19.19 | NEGATIVE | The low ADX value for FDR.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 |
|---|---|---|---|
| 4.78 | 3.89 | 0.89 (18.62%) | 5.37% |
| An entry @4.78. This is a Buy Stop order right above the resistance zone. | An exit @3.89. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.89 points, which is 18.62%. | When investing 5.37% 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:FDR (5/28/2025, 7:00:00 PM)
4.64
+0.07 (+1.53%)