FORAN MINING CORPORATION (FOM.CA) Stock Technical Analysis
TSX-V:FOM - TSX Venture Exchange - CA3449112018 - Common Stock - Currency: CAD
Overall FOM gets a technical rating of 0 out of 10. FOM's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
92% of all other stocks performed better in the past year than FOM.
FOM is one of the lesser performing stocks in the Metals & Mining industry. 80% of 805 stocks in the same industry do better.
FOM is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
In the last month FOM has a been trading in the 2.68 - 3.36 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
The technical rating of FOM is bad and it also does not present a quality setup 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
2.67
4.59
4 important resistance areas can be observed.
- Resistance @3.54 from a trend line in the weekly time frame.
- Resistance @3.83 from a trend line in the daily time frame.
- Resistance @3.98 from a trend line in the daily time frame.
- Resistance @4.54 from a horizontal line in the weekly 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 | DOWN | NEGATIVE | The long term trend for FOM.CA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FOM.CA is down. |
| ChartMill Relative Strength | 8.52 | NEGATIVE | FOM.CA has a low relative strength, it was outperformed by 91.48% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FOM.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of FOM.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of FOM.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 27.71 | OVERSOLD | The low RSI value suggests FOM.CA may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests FOM.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 2.64 | OVERSOLD | The low Stochastics value suggests FOM.CA may be oversold. |
| Average True Range in percent/ATR (20) | 4.19 | MEDIUM VOLATILITY | The ATR as a percentage value for FOM.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 24.77 | NEUTRAL | The ADX value for FOM.CA suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
TSX-V:FOM (7/16/2025, 7:00:00 PM)
2.7
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0%
1 Week-6.25%
2 Weeks-11.76%
1 Month-14.83%
3 Month-20.35%
6 Month-32.5%
12 Month-28.19%
2 Year-32.33%
3 Year19.47%
5 Year1587.5%
10 Year1700%
15 Year558.54%
Volatility
ATR(14)0.11
ATR(20)%4.19%
ATR Inc-36.16%
Range Today0.06
ADR(20)0.11
ADR(20)%4.04%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.52
Mansfield-3.34
10 Day High3.1
10 Day Low2.68
20 Day High3.36
20 Day Low2.68
52 Week High4.69
52 Week Low2.68
CS1 EndN/A
CR1 Start3.54
Volume & EV
DER(3)-6.35%
DER(5)-7.89%
Volume1.20M
Volume Incr61.02%
Vol(5)758.94K
Vol(50)649.96K