FOREMOST CLEAN ENERGY LTD (FMST) Stock Technical Analysis
USA - NASDAQ:FMST - CA34547F1053 - Common Stock
We assign a technical rating of 2 out of 10 to FMST. Although FMST is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The technical rating of FMST is bad and it also does not present a 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
2.23
3 important support areas can be observed.
- A support zone ranging from 2.78 to 2.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.30 from a horizontal line in the weekly time frame.
- Support @2.25 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- Resistance @4.12 from a trend 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 | NEUTRAL | NEUTRAL | The long term trend for FMST is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FMST is down. |
| ChartMill Relative Strength | 81.19 | POSITIVE | FMST has a high relative strength, it outperformed 81.19% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FMST is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of FMST is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FMST is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 38.42 | NEUTRAL | The RSI value for FMST is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests FMST has a negative trend. |
| Stochastics (14,3) | 2.43 | OVERSOLD | The low Stochastics value suggests FMST may be oversold. |
| Average True Range in percent/ATR (20) | 14.65 | HIGH VOLATILITY | The high ATR as a percentage value for FMST suggests high volalility. |
| Average Directional Index/ADX (14) | 20.24 | NEUTRAL | The ADX value for FMST suggests a possible start of a new trend. |
2.79
-0.05 (-1.76%)
FOREMOST CLEAN ENERGY LTD / FMST FAQ
What is the technical rating for FMST stock?
ChartMill assigns a technical rating of 2 / 10 to FMST.
What is the trend direction for FMST stock?
The current trend direction for FOREMOST CLEAN ENERGY LTD (FMST) is Bearish.
Can you provide the RSI signal for FOREMOST CLEAN ENERGY LTD?
FOREMOST CLEAN ENERGY LTD (FMST) has an RSI value of 38.4244. This indicates that the stock is currently neutral.
What is the short term momentum for FMST stock?
The short term momentum for FOREMOST CLEAN ENERGY LTD (FMST) is negative.
What is the support and resistance level for FMST stock?
FOREMOST CLEAN ENERGY LTD (FMST) has a support level at 2.78 and a resistance level at 4.12. Check the full technical report for our detailed analysis of FMST support and resistance levels.