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 5 out of 10 to FNM. FNM has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
FNM has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 1.97. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.85, 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.
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1.41
5 important support areas can be observed.
- A support zone ranging from 1.83 to 1.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.75 to 1.78. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @1.72 from a horizontal line in the weekly 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.
3 important resistance areas can be observed.
- A resistance zone ranging from 1.97 to 1.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.09 from a horizontal line in the weekly time frame.
- 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 | NEUTRAL | NEUTRAL | The short term trend for FNM.CA is neutral. |
| ChartMill Relative Strength | 64.16 | 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) | DOWN | MIXED | The current price of FNM.CA is above a declining 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) | 58.23 | 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. |
| Stochastics (14,3) | 41.92 | NEUTRAL | The Stochastics value for FNM.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 6.07 | HIGH VOLATILITY | The high ATR as a percentage value for FNM.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 20.87 | NEUTRAL | The ADX value for FNM.CA suggests a possible start of a new trend. |
TSX-V:FNM (12/23/2025, 7:00:00 PM)
1.96
+0.06 (+3.16%)
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 5 / 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 58.2313. 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 1.85 and a resistance level at 1.97. Check the full technical report for our detailed analysis of FNM.CA support and resistance levels.