FIRST NORDIC METALS CORP (FNM.CA) Stock Technical Analysis
Canada - TSX Venture Exchange - TSX-V:FNM - CA33583M1077 - Common Stock
We assign a technical rating of 6 out of 10 to FNM. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, FNM is only an average performer.
Although the technical rating is only medium, FNM does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 0.45, a Stop Loss order could be placed below this zone.
More info and screens
0.35
We found 5 important support areas.
- A support zone ranging from 0.45 to 0.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.43 from a trend line in the daily time frame.
- A support zone ranging from 0.42 to 0.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.41 from a horizontal line in the daily time frame.
- Support @0.35 from a trend line in the weekly time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 0.47 to 0.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.50 from a trend line in the weekly time frame.
- Resistance @0.52 from a trend line in the daily time frame.
- Resistance @0.54 from a horizontal 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 FNM.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FNM.CA is neutral. |
| ChartMill Relative Strength | 78.24 | POSITIVE | FNM.CA has a high relative strength, it outperformed 78.24% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FNM.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of FNM.CA is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of FNM.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.78 | NEUTRAL | The RSI value for FNM.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests FNM.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 46.3 | NEUTRAL | The Stochastics value for FNM.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.95 | MEDIUM VOLATILITY | The ATR as a percentage value for FNM.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 23.97 | NEUTRAL | The ADX value for FNM.CA suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 0.48 | 0.44 | 0.04 (9.37%) | 10.67% |
| An entry @0.48. This is a Buy Stop order right above the resistance zone. | An exit @0.43. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.04 points, which is 9.37%. | When investing 10.67% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX-V:FNM (11/26/2025, 7:00:00 PM)
0.455
0 (0%)
FIRST NORDIC METALS CORP / FNM.CA FAQ
Can you provide the ChartMill technical rating for FIRST NORDIC METALS CORP?
ChartMill assigns a technical rating of 6 / 10 to FNM.CA.
What is the trend direction for FNM stock?
The current trend direction for FIRST NORDIC METALS CORP (FNM.CA) is Bullish.
Can you provide the RSI signal for FIRST NORDIC METALS CORP?
FIRST NORDIC METALS CORP (FNM.CA) has an RSI value of 48.7777. This indicates that the stock is currently neutral.
What is the short term momentum for FNM stock?
The short term momentum for FIRST NORDIC METALS CORP (FNM.CA) is neutral.
What is the support and resistance level for FNM stock?
FIRST NORDIC METALS CORP (FNM.CA) has a support level at 0.45 and a resistance level at 0.47. Check the full technical report for our detailed analysis of FNM.CA support and resistance levels.