First Mexican Gold Corp (FMG.CA) Stock Technical Analysis
Canada - TSX Venture Exchange - TSX-V:FMG -
Taking everything into account, FMG scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, FMG has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, FMG did better than 99% of all other stocks. On top of that, FMG also shows a nice and consistent pattern of rising prices.
- FMG is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with 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 present a decent entry opportunity 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
We found 3 important support 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. |
TSX-V:FMG (7/7/2020, 5:40:00 PM)
0.395
-0.01 (-2.47%)
First Mexican Gold Corp / FMG.CA FAQ
What is the ChartMill technical rating of First Mexican Gold Corp (FMG.CA) stock?
ChartMill assigns a technical rating of 10 / 10 to FMG.CA.
What is the current trend direction of First Mexican Gold Corp (FMG.CA) stock?
The current trend direction for First Mexican Gold Corp (FMG.CA) is Bullish.
Can you provide the RSI signal for First Mexican Gold Corp?
First Mexican Gold Corp (FMG.CA) has an RSI value of 64.9962. This indicates that the stock is currently neutral.
What is the MACD signal for FMG stock?
The MACD indicator for First Mexican Gold Corp (FMG.CA) has a value of 0.0105388, indicating a bearish trend.
What is the short term momentum for FMG stock?
The short term momentum for First Mexican Gold Corp (FMG.CA) is positive.