FHR Technical Analysis - FIDDLEHEAD RESOURCES CORP

Technical Rating and Analysis

Overall FHR gets a technical rating of 0 out of 10. FHR scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

When comparing the yearly performance of all stocks, FHR is a bad performer in the overall market: 100% of all stocks are doing better.

FHR is one of the lesser performing stocks in the Hotels, Restaurants & Leisure industry. 94% of 18 stocks in the same industry do better.

In the last month FHR has a been trading in the 0.10 - 0.17 range, which is quite wide. It is currently trading near the lows of this range.

Considerably lower volume is observed in the last couple of days.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

FIDDLEHEAD RESOURCES CORP / FHR Weekly stock chart

FIDDLEHEAD RESOURCES CORP / FHR Daily stock chart

Setup Rating and Analysis

Although the technical rating is bad, FHR does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 0.12. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 0.10, a Stop Loss order could be placed below this zone.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

0.10

0.18

We found 1 important support area.

A support zone ranging from 0.10 to 0.10. This zone is formed by a combination of multiple trend lines in multiple time frames.

3 important resistance areas can be observed.

A resistance zone ranging from 0.12 to 0.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 0.13 to 0.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @0.18 from a horizontal line in the daily time frame.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

Technical Indicator Signal Analysis

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 FHR.CA is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for FHR.CA is down.
ChartMill Relative Strength	0	NEGATIVE	FHR.CA has a low relative strength, it was outperformed by 100% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of FHR.CA is above a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of FHR.CA is below a declining SMA(50).
Relative Strength Index/RSI (14)	50.14	NEUTRAL	The RSI value for FHR.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	POSITIVE	The MACD value suggests FHR.CA has a positive trend.
Stochastics (14,3)	19.05	OVERSOLD	The low Stochastics value suggests FHR.CA may be oversold.
Average True Range in percent/ATR (20)	8.26	HIGH VOLATILITY	The high ATR as a percentage value for FHR.CA suggests high volalility.
Average Directional Index/ADX (14)	25.78	POSITIVE	The high ADX value value for FHR.CA suggests a strong trend.