We assign a technical rating of 1 out of 10 to FMST. FMST has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- FMST is one of the lesser performing stocks in the Metals & Mining industry. 82% of 154 stocks in the same industry do better.
- 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 1.90 - 2.79 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- When compared to the yearly performance of all other stocks, FMST outperforms 44% of them, which is more or less in line with the market.
The technical rating of FMST is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
1.89
We can see 3 important resistance areas.
- Resistance @2.29 from a trend line in the daily time frame.
- Resistance @2.40 from a trend line in the daily time frame.
- Resistance @3.03 from a trend 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 | 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 | 44.68 | NEUTRAL | FMST is not amongst the best or worst performers 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 | MIXED | The current price of FMST is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 35.34 | NEUTRAL | The RSI value for FMST is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests FMST has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 13.34 | OVERSOLD | The low Stochastics value suggests FMST may be oversold. |
| Average True Range in percent/ATR (20) | 9.5 | HIGH VOLATILITY | The high ATR as a percentage value for FMST suggests high volalility. |
| Average Directional Index/ADX (14) | 16.81 | NEGATIVE | The low ADX value for FMST suggests a weak or negative trend. |
1.91
-0.23 (-10.75%)
FOREMOST CLEAN ENERGY LTD / FMST FAQ
What is the technical rating for FMST stock?
ChartMill assigns a technical rating of 1 / 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.
Can you provide the RSI signal for FOREMOST CLEAN ENERGY LTD?
FOREMOST CLEAN ENERGY LTD (FMST) has an RSI value of 35.3415. This indicates that the stock is currently neutral.
Can you provide the MACD signal for FOREMOST CLEAN ENERGY LTD?
The MACD indicator for FOREMOST CLEAN ENERGY LTD (FMST) has a value of 0.000524476, indicating a bearish trend.
Can you provide the short term momentum for FOREMOST CLEAN ENERGY LTD?
The short term momentum for FOREMOST CLEAN ENERGY LTD (FMST) is negative.