FOREMOST CLEAN ENERGY LTD (FMST) Technical Analysis
NASDAQ:FMST • CA34547F1053
Current stock price
FMST Technical Rating and Analysis
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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- FMST is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month FMST has a been trading in the 1.54 - 2.30 range, which is quite wide. It is currently trading near the lows of this range.
- Looking at the yearly performance, FMST did better than 91% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
- FMST is an average performer in the Metals & Mining industry, it outperforms 64% of 158 stocks in the same industry.
FMST Weekly and Daily overview Charts
FMST Setup Rating and Analysis
Although the technical rating is bad, FMST does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 1.78. Right above this resistance zone may be a good entry point.
More info and screens
FMST Support and Resistance Analysis
1.60
We found 2 important support areas.
- Support @1.66 from a horizontal line in the weekly time frame.
- Support @1.62 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 1.78 to 1.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.42 from a horizontal line in the daily time frame.
- Resistance @2.48 from a trend line in the weekly time frame.
- Resistance @3.24 from a horizontal line in the daily time frame.
FMST 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 | DOWN | NEGATIVE | The long term trend for FMST is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FMST is down. |
| ChartMill Relative Strength | 91.25 | POSITIVE | FMST has a high relative strength, it outperformed 91.25% 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) | DOWN | NEGATIVE | The current price of FMST is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 39.32 | NEUTRAL | The RSI value for FMST is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests FMST has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 15.09 | OVERSOLD | The low Stochastics value suggests FMST may be oversold. |
| Average True Range in percent/ATR (20) | 9.56 | HIGH VOLATILITY | The high ATR as a percentage value for FMST suggests high volalility. |
| Average Directional Index/ADX (14) | 18.76 | NEGATIVE | The low ADX value for FMST suggests a weak or negative trend. |
FMST Chart- and CandleStick Pattern Analysis
FMST Technicals: Chart, Performance Metrics, Trend & Indicators
1.67
+0.04 (+2.45%)
FOREMOST CLEAN ENERGY LTD / FMST TA FAQ
What is the technical rating for FMST stock?
ChartMill assigns a technical rating of 2 / 10 to FMST.
Can you provide the trend direction for FOREMOST CLEAN ENERGY LTD?
The current trend direction for FOREMOST CLEAN ENERGY LTD (FMST) is Bearish.
What is the RSI signal for FMST stock?
FOREMOST CLEAN ENERGY LTD (FMST) has an RSI value of 39.321. This indicates that the stock is currently neutral.
What is the MACD signal for FMST stock?
The MACD indicator for FOREMOST CLEAN ENERGY LTD (FMST) has a value of -0.000402769, indicating a bearish trend.
Can you provide the support and resistance levels for FOREMOST CLEAN ENERGY LTD?
FOREMOST CLEAN ENERGY LTD (FMST) has a support level at 1.66 and a resistance level at 1.78. Check the full technical report for our detailed analysis of FMST support and resistance levels.