FOREMOST CLEAN ENERGY LTD (FMST) Stock Technical Analysis
NASDAQ:FMST • CA34547F1053
We assign a technical rating of 3 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 short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- When comparing the yearly performance of all stocks, we notice that FMST is one of the better performing stocks in the market, outperforming 94% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
- FMST is part of the Metals & Mining industry. There are 157 other stocks in this industry, FMST did better than 48% of them.
- FMST is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so FMST is lagging the market.
- In the last month FMST has a been trading in the 1.73 - 2.57 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, FMST does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 2.27, a Stop Loss order could be placed below this zone.
More info and screens
2.02
We found 3 important support areas.
- A support zone ranging from 2.26 to 2.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.15 from a horizontal line in the daily time frame.
- Support @2.04 from a trend line in the weekly time frame.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 2.29 to 2.31. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @2.42 from a horizontal line in the daily time frame.
- Resistance @2.49 from a horizontal line in the daily time frame.
- Resistance @2.81 from a trend line in the weekly time frame.
- Resistance @3.17 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 | DOWN | NEGATIVE | The long term trend for FMST is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FMST is neutral. |
| ChartMill Relative Strength | 94.62 | POSITIVE | FMST has a high relative strength, it outperformed 94.62% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FMST is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of FMST is above 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) | 50.15 | NEUTRAL | The RSI value for FMST is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests FMST has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 54.52 | NEUTRAL | The Stochastics value for FMST is a neutral value. |
| Average True Range in percent/ATR (20) | 9.6 | HIGH VOLATILITY | The high ATR as a percentage value for FMST suggests high volalility. |
| Average Directional Index/ADX (14) | 12.27 | NEGATIVE | The low ADX value for FMST suggests a weak or negative trend. |
2.27
-0.06 (-2.58%)
FOREMOST CLEAN ENERGY LTD / FMST FAQ
What is the technical rating for FMST stock?
ChartMill assigns a technical rating of 3 / 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 50.1532. 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 0.00769893, 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 neutral.