FORAN MINING CORPORATION (FOM.CA) Stock Technical Analysis
Canada - TSX-V:FOM - CA3449112018 - Common Stock
We assign a technical rating of 7 out of 10 to FOM. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, FOM is only an average performer.
Although FOM has an excellent technical rating, it does not offer a high 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
3.28
4 important support areas can be observed.
- A support zone ranging from 3.84 to 3.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.75 from a trend line in the weekly time frame.
- A support zone ranging from 3.41 to 3.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 3.31 to 3.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- Resistance @3.92 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 FOM.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FOM.CA is up. |
| ChartMill Relative Strength | 54.46 | NEUTRAL | FOM.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of FOM.CA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FOM.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of FOM.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.34 | NEUTRAL | The RSI value for FOM.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests FOM.CA has a positive trend. |
| Stochastics (14,3) | 86.6 | OVERBOUGHT | The high Stochastics value suggests FOM.CA may be overbought. |
| Average True Range in percent/ATR (20) | 4.65 | MEDIUM VOLATILITY | The ATR as a percentage value for FOM.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 29.83 | POSITIVE | The high ADX value value for FOM.CA suggests a strong trend. |
TSX-V:FOM (11/5/2025, 7:00:00 PM)
3.92
+0.14 (+3.7%)
FORAN MINING CORPORATION / FOM.CA FAQ
What is the ChartMill technical rating of FORAN MINING CORPORATION (FOM.CA) stock?
ChartMill assigns a technical rating of 7 / 10 to FOM.CA.
Can you provide the trend direction for FORAN MINING CORPORATION?
The current trend direction for FORAN MINING CORPORATION (FOM.CA) is Bullish.
What is the RSI signal for FORAN MINING CORPORATION (FOM.CA) stock?
FORAN MINING CORPORATION (FOM.CA) has an RSI value of 57.3416. This indicates that the stock is currently neutral.
Can you provide the short term momentum for FORAN MINING CORPORATION?
The short term momentum for FORAN MINING CORPORATION (FOM.CA) is positive.
Can you provide the buy/sell signal for FORAN MINING CORPORATION?
The buy/sell signal for FORAN MINING CORPORATION (FOM.CA) is buy as both the short term and long term trends are positive.