FORAN MINING CORPORATION (FOM.CA) Stock Technical Analysis
Canada - TSX Venture Exchange - TSX-V:FOM - CA3449112018 - Common Stock
Taking everything into account, FOM scores 8 out of 10 in our technical rating. Although FOM is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although FOM has an excellent technical rating, it does not present a decent entry opportunity 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
3.31
3 important support areas can be observed.
- Support @4.27 from a trend line in the daily time frame.
- A support zone ranging from 3.98 to 4.03. 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 | 75.31 | POSITIVE | FOM.CA has a high relative strength, it outperformed 75.31% 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) | 74.16 | OVERBOUGHT | The high RSI value suggests FOM.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests FOM.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 94.23 | OVERBOUGHT | The high Stochastics value suggests FOM.CA may be overbought. |
| Average True Range in percent/ATR (20) | 3.13 | MEDIUM VOLATILITY | The ATR as a percentage value for FOM.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 41.39 | POSITIVE | The high ADX value value for FOM.CA suggests a strong trend. |
TSX-V:FOM (12/31/2025, 7:00:00 PM)
5.04
-0.08 (-1.56%)
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.
What is the current trend direction of FORAN MINING CORPORATION (FOM.CA) stock?
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 74.1554. This indicates that the stock is currently overbought.
What is the short term momentum for FOM stock?
The short term momentum for FORAN MINING CORPORATION (FOM.CA) is positive.
What is the buy/sell signal for FOM stock?
The buy/sell signal for FORAN MINING CORPORATION (FOM.CA) is buy as both the short term and long term trends are positive.