Overall FMST gets a technical rating of 6 out of 10. In the last year, FMST was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
FMST has an average technical rating and the quality of the presented setup is also not ideal 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.
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2.23
2 important support areas can be observed.
- Support @2.34 from a trend line in the weekly time frame.
- A support zone ranging from 2.25 to 2.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- Resistance @3.27 from a horizontal line in the daily time frame.
- Resistance @3.42 from a trend line in the weekly time frame.
- Resistance @3.80 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 | UP | POSITIVE | The long term trend for FMST is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FMST is up. |
| ChartMill Relative Strength | 93 | POSITIVE | FMST has a high relative strength, it outperformed 93% 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 | 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) | 52.55 | NEUTRAL | The RSI value for FMST is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests FMST has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.46 | NEUTRAL | The Stochastics value for FMST is a neutral value. |
| Average True Range in percent/ATR (20) | 9.58 | HIGH VOLATILITY | The high ATR as a percentage value for FMST suggests high volalility. |
| Average Directional Index/ADX (14) | 19.61 | NEGATIVE | The low ADX value for FMST suggests a weak or negative trend. |
3
-0.26 (-7.98%)
FOREMOST CLEAN ENERGY LTD / FMST FAQ
What is the technical rating for FMST stock?
ChartMill assigns a technical rating of 6 / 10 to FMST.
What is the trend direction for FMST stock?
The current trend direction for FOREMOST CLEAN ENERGY LTD (FMST) is Bullish.
Can you provide the RSI signal for FOREMOST CLEAN ENERGY LTD?
FOREMOST CLEAN ENERGY LTD (FMST) has an RSI value of 52.5474. 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 positive.
What is the support and resistance level for FMST stock?
FOREMOST CLEAN ENERGY LTD (FMST) has a support level at 2.34 and a resistance level at 3.27. Check the full technical report for our detailed analysis of FMST support and resistance levels.