FIRST QUANTUM MINERALS LTD (FM.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:FM - CA3359341052 - Common Stock
We assign a technical rating of 8 out of 10 to FM. In the last year, FM was one of the better performers, but we do observe some doubts in the very recent evolution.
Besides having an excellent technical rating, FM also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 28.63, a Stop Loss order could be placed below this zone.
More info and screens
18.05
We found 4 important support areas.
- A support zone ranging from 28.36 to 28.63. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- A support zone ranging from 27.62 to 27.69. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @24.90 from a trend line in the daily time frame.
- Support @18.23 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 29.36 to 30.00. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @31.13 from a horizontal line in the daily time frame.
- Resistance @32.97 from a horizontal line 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 | UP | POSITIVE | The long term trend for FM.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FM.CA is neutral. |
| ChartMill Relative Strength | 81.55 | POSITIVE | FM.CA has a high relative strength, it outperformed 81.55% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FM.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of FM.CA is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FM.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.66 | NEUTRAL | The RSI value for FM.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests FM.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 32.09 | NEUTRAL | The Stochastics value for FM.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.47 | MEDIUM VOLATILITY | The ATR as a percentage value for FM.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 16.54 | NEGATIVE | The low ADX value for FM.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 |
|---|---|---|---|
| 30.01 | 28.35 | 1.66 (5.53%) | 18.08% |
| An entry @30.01. This is a Buy Stop order right above the resistance zone. | An exit @28.35. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.66 points, which is 5.53%. | For a 1.00% total portfolio risk, you can invest 18.08% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of FM. Please evaluate whether better entry and exit points can be found.
- 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:FM (11/24/2025, 7:00:00 PM)
29.35
+0.72 (+2.51%)
FIRST QUANTUM MINERALS LTD / FM.CA FAQ
Can you provide the ChartMill technical rating for FIRST QUANTUM MINERALS LTD?
ChartMill assigns a technical rating of 8 / 10 to FM.CA.
What is the trend direction for FM stock?
The current trend direction for FIRST QUANTUM MINERALS LTD (FM.CA) is Bullish.
What is the RSI signal for FIRST QUANTUM MINERALS LTD (FM.CA) stock?
FIRST QUANTUM MINERALS LTD (FM.CA) has an RSI value of 49.6581. This indicates that the stock is currently neutral.
What is the short term momentum for FIRST QUANTUM MINERALS LTD (FM.CA) stock?
The short term momentum for FIRST QUANTUM MINERALS LTD (FM.CA) is neutral.
Can you provide the support and resistance levels for FIRST QUANTUM MINERALS LTD?
FIRST QUANTUM MINERALS LTD (FM.CA) has a support level at 28.63 and a resistance level at 29.36. Check the full technical report for our detailed analysis of FM.CA support and resistance levels.