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 8 out of 10 to FNM. Although FNM is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although FNM has an excellent technical rating, it does not present a decent entry opportunity 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.
More info and screens
1.41
We found 6 important support areas.
- A support zone ranging from 2.09 to 2.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 1.85 to 1.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.82 from a trend line in the daily time frame.
- Support @1.76 from a horizontal line in the daily time frame.
- Support @1.68 from a horizontal line in the daily time frame.
- Support @1.42 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 2.16 to 2.17. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The short term trend for FNM.CA is up. |
| ChartMill Relative Strength | 61.57 | NEUTRAL | FNM.CA is not amongst the best or worst performers 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 | POSITIVE | The current price of FNM.CA is above 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) | 61.86 | NEUTRAL | The RSI value for FNM.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests FNM.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 67.88 | NEUTRAL | The Stochastics value for FNM.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 6.57 | HIGH VOLATILITY | The high ATR as a percentage value for FNM.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 32.28 | POSITIVE | The high ADX value value for FNM.CA suggests a strong trend. |
TSX-V:FNM (1/7/2026, 7:00:00 PM)
2.11
-0.03 (-1.4%)
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 61.855. 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 positive.
What is the buy/sell signal for FNM stock?
The buy/sell signal for FIRST NORDIC METALS CORP (FNM.CA) is buy as both the short term and long term trends are positive.