FORAN MINING CORPORATION (FOM.CA) Stock Technical Analysis
TSX-V:FOM - CA3449112018 - Common Stock
3.01 CAD
+0.08 (+2.73%)
We assign a technical rating of 2 out of 10 to FOM. In the past year, FOM was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
88% 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. 75% of 803 stocks in the same industry do better.
FOM is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month FOM has a been trading in the 2.46 - 3.09 range, which is quite wide. It is currently trading near the high of this range.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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
2.62
3.88
When analyzing the support we notice one important area.
- A support zone ranging from 2.65 to 2.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 3.02 to 3.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @3.37 from a trend line in the weekly time frame.
- Resistance @3.84 from a trend 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 | DOWN | NEGATIVE | The long term trend for FOM.CA is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FOM.CA is up. |
| ChartMill Relative Strength | 12.57 | NEGATIVE | FOM.CA has a low relative strength, it was outperformed by 87.43% 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) | DOWN | MIXED | The current price of FOM.CA is above 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) | 62.42 | NEUTRAL | The RSI value for FOM.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests FOM.CA has a positive trend. |
| Stochastics (14,3) | 72.89 | NEUTRAL | The Stochastics value for FOM.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.78 | MEDIUM VOLATILITY | The ATR as a percentage value for FOM.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 28.8 | POSITIVE | The high ADX value value for FOM.CA suggests a strong 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 (8/29/2025, 7:00:00 PM)
3.01
+0.08 (+2.73%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg2.73%
1 Week7.12%
2 Weeks11.48%
1 Month17.12%
3 Month0.67%
6 Month-25.68%
12 Month-24.75%
2 Year-21.2%
3 Year20.4%
5 Year1572.22%
10 Year2517.39%
15 Year634.15%
Volatility
ATR(14)0.11
ATR(20)%3.78%
ATR Inc5.92%
Range Today0.13
ADR(20)0.11
ADR(20)%3.6%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.57
Mansfield-2.47
10 Day High3.09
10 Day Low2.64
20 Day High3.09
20 Day Low2.47
52 Week High4.69
52 Week Low2.47
CS1 End2.69
CR1 Start3.02
Volume & EV
DER(3)-2.18%
DER(5)-1.57%
Volume876.11K
Volume Incr5.49%
Vol(5)1.05M
Vol(50)829.92K