FIRST NORDIC METALS CORP (FNM.CA) Technical Analysis
TSX-V:FNM • CA33583M1077
Taking everything into account, FNM scores 8 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, FNM is showing a nice and steady performance.
- In the last month FNM has a been trading in the 3.53 - 4.37 range, which is quite wide. It is currently trading near the lows of this range.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- FNM is one of the better performing stocks in the Metals & Mining industry, it outperforms 72% of 815 stocks in the same industry.
- FNM is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so FNM is lagging the market slightly.
- When comparing the yearly performance of all stocks, we notice that FNM is one of the better performing stocks in the market, outperforming 89% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
FNM has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 4.23. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 3.69, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for FNM in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
2.03
2 important support areas can be observed.
- A support zone ranging from 3.69 to 3.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 2.05 to 2.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 4.23 to 4.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 89.87 | POSITIVE | FNM.CA has a high relative strength, it outperformed 89.87% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of FNM.CA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FNM.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FNM.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.46 | NEUTRAL | The RSI value for FNM.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests FNM.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 25.16 | NEUTRAL | The Stochastics value for FNM.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 6.58 | HIGH VOLATILITY | The high ATR as a percentage value for FNM.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 33.22 | POSITIVE | The high ADX value value for FNM.CA suggests a strong 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 |
|---|---|---|---|
| 4.24 | 3.68 | 0.56 (13.21%) | 7.57% |
| An entry @4.24. This is a Buy Stop order right above the resistance zone. | An exit @3.68. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.56 points, which is 13.21%. | For a 1.00% total portfolio risk, you can invest 7.57% of your capital in this trade. |
- 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.
FNM.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX-V:FNM (3/9/2026, 7:00:00 PM)
3.9
+0.2 (+5.41%)
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 8 / 10 to FNM.CA.
What is the current trend direction of FIRST NORDIC METALS CORP (FNM.CA) 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 53.4561. This indicates that the stock is currently neutral.
What is the short term momentum for FIRST NORDIC METALS CORP (FNM.CA) stock?
The short term momentum for FIRST NORDIC METALS CORP (FNM.CA) is neutral.