First Mexican Gold Corp (FMG.CA) Technical Analysis
TSX-V:FMG
Current stock price
FMG.CA Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to FMG. 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!
- When comparing the yearly performance of all stocks, we notice that FMG is one of the better performing stocks in the market, outperforming 99% of all 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 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.
FMG.CA Weekly and Daily overview Charts
FMG.CA Setup Rating and Analysis
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
FMG.CA Support and Resistance Analysis
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.
FMG.CA 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 | 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. |
FMG.CA Chart- and CandleStick Pattern Analysis
FMG.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX-V:FMG (7/7/2020, 5:40:00 PM)
0.395
-0.01 (-2.47%)
First Mexican Gold Corp / FMG.CA TA 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.