FORTUNE BAY CORP (FOR.CA) Stock Technical Analysis
Canada - TSX Venture Exchange - TSX-V:FOR - CA34964F1099 - Common Stock
Taking everything into account, FOR scores 4 out of 10 in our technical rating. Although FOR is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
FOR has an average technical rating and it also 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.
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When analyzing the support we can see 2 important areas.
- A support zone ranging from 0.71 to 0.72. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A support zone ranging from 0.67 to 0.68. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 0.79 to 0.80. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @0.86 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 | NEUTRAL | NEUTRAL | The long term trend for FOR.CA is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FOR.CA is down. |
| ChartMill Relative Strength | 91.63 | POSITIVE | FOR.CA has a high relative strength, it outperformed 91.63% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FOR.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of FOR.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FOR.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 41.14 | NEUTRAL | The RSI value for FOR.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests FOR.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 38.89 | NEUTRAL | The Stochastics value for FOR.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 7.26 | HIGH VOLATILITY | The high ATR as a percentage value for FOR.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 22.3 | NEUTRAL | The ADX value for FOR.CA suggests a possible start of a new trend. |
TSX-V:FOR (12/19/2025, 7:00:00 PM)
0.73
+0.01 (+1.39%)
FORTUNE BAY CORP / FOR.CA FAQ
Can you provide the ChartMill technical rating for FORTUNE BAY CORP?
ChartMill assigns a technical rating of 4 / 10 to FOR.CA.
What is the trend direction for FOR stock?
The current trend direction for FORTUNE BAY CORP (FOR.CA) is Bearish.
What is the RSI signal for FORTUNE BAY CORP (FOR.CA) stock?
FORTUNE BAY CORP (FOR.CA) has an RSI value of 41.141. This indicates that the stock is currently neutral.
What is the short term momentum for FOR stock?
The short term momentum for FORTUNE BAY CORP (FOR.CA) is negative.