First Mexican Gold Corp (FMG.CA) Stock Technical Analysis
TSX-V:FMG - TSX Venture Exchange -
Overall FMG gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, FMG is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, FMG did better than 99% of all other stocks. We also observe that the gains produced by FMG over the past year are nicely spread over this period.
FMG is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so FMG is leading the market.
In the last month FMG has a been trading in the 0.23 - 0.41 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although FMG has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
0.01
0.40
When analyzing the support we can see 3 important areas.
- Support @0.27 from a trend line in the daily time frame.
- Support @0.25 from a trend line in the daily time frame.
- Support @0.01 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 FMG.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FMG.CA is up. |
| ChartMill Relative Strength | 99.62 | POSITIVE | FMG.CA has a high relative strength, it outperformed 99.62% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FMG.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FMG.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FMG.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65 | NEUTRAL | The RSI value for FMG.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests FMG.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90.09 | OVERBOUGHT | The high Stochastics value suggests FMG.CA may be overbought. |
| Average True Range in percent/ATR (20) | 8.86 | HIGH VOLATILITY | The high ATR as a percentage value for FMG.CA suggests high volalility. |
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:FMG (7/7/2020, 5:40:00 PM)
0.395
-0.01 (-2.47%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-2.47%
1 Week19.7%
2 Weeks41.07%
1 Month58%
3 Month507.69%
6 Month887.5%
12 Month2533.33%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.03
ATR(20)%8.86%
ATR Inc-23.91%
Range Today0.01
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.62
Mansfield29.07
10 Day High0.41
10 Day Low0.26
20 Day High0.41
20 Day Low0.23
52 Week High0.41
52 Week Low0.01
CS1 End0.27
CR1 StartN/A
Volume & EV
DER(3)-1.69%
DER(5)6.33%
Volume58.21K
Volume Incr3.14%
Vol(5)80.10K
Vol(50)55.95K