FORAN MINING CORPORATION (FOM.CA) Stock Technical Analysis
Canada - TSX Venture Exchange - TSX-V:FOM - CA3449112018 - Common Stock
We assign a technical rating of 8 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 present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
3.31
When analyzing the support we can see 3 important areas.
- A support zone ranging from 4.21 to 4.31. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 3.94 to 3.94. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @3.34 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 | 74.57 | POSITIVE | FOM.CA has a high relative strength, it outperformed 74.57% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FOM.CA is above the rising 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) | UP | POSITIVE | The current price of FOM.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 75.7 | OVERBOUGHT | The high RSI value suggests FOM.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests FOM.CA has a positive trend. |
| Stochastics (14,3) | 96.58 | OVERBOUGHT | The high Stochastics value suggests FOM.CA may be overbought. |
| Average True Range in percent/ATR (20) | 3.25 | MEDIUM VOLATILITY | The ATR as a percentage value for FOM.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 36.03 | POSITIVE | The high ADX value value for FOM.CA suggests a strong trend. |
TSX-V:FOM (12/24/2025, 7:00:00 PM)
4.91
+0.05 (+1.03%)
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 8 / 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 75.6955. This indicates that the stock is currently overbought.
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.