FORTUNE BAY CORP (FOR.CA) Stock Technical Analysis
TSX-V:FOR • CA34964F1099
Overall FOR gets a technical rating of 9 out of 10. FOR has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- When comparing the yearly performance of all stocks, we notice that FOR is one of the better performing stocks in the market, outperforming 87% of all stocks. We also observe that the gains produced by FOR over the past year are nicely spread over this period.
- FOR is part of the Metals & Mining industry. There are 800 other stocks in this industry, FOR did better than 65% of them.
- FOR is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so FOR is lagging the market.
- In the last month FOR has a been trading in the 0.78 - 0.96 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, FOR also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 0.84, a Stop Loss order could be placed below this zone.
More info and screens
0.72
3 important support areas can be observed.
- A support zone ranging from 0.83 to 0.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 0.80 to 0.81. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @0.73 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @0.91 from a trend line in the daily time frame.
- A resistance zone ranging from 0.94 to 0.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 FOR.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FOR.CA is neutral. |
| ChartMill Relative Strength | 87.47 | POSITIVE | FOR.CA has a high relative strength, it outperformed 87.47% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of FOR.CA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FOR.CA is above the rising 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) | 49.8 | NEUTRAL | The RSI value for FOR.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests FOR.CA has a negative trend. |
| Stochastics (14,3) | 50 | NEUTRAL | The Stochastics value for FOR.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 8.94 | HIGH VOLATILITY | The high ATR as a percentage value for FOR.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 13.3 | NEGATIVE | The low ADX value for FOR.CA suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 0.92 | 0.82 | 0.10 (10.87%) | 9.20% |
| An entry @0.92. This is a Buy Stop order right above the resistance zone. | An exit @0.82. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.10 points, which is 10.87%. | For a 1.00% total portfolio risk, you can invest 9.20% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of FOR. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX-V:FOR (2/17/2026, 7:00:00 PM)
0.85
-0.04 (-4.49%)
FORTUNE BAY CORP / FOR.CA FAQ
What is the ChartMill technical rating of FORTUNE BAY CORP (FOR.CA) stock?
ChartMill assigns a technical rating of 9 / 10 to FOR.CA.
Can you provide the trend direction for FORTUNE BAY CORP?
The current trend direction for FORTUNE BAY CORP (FOR.CA) is Bullish.
What is the RSI signal for FORTUNE BAY CORP (FOR.CA) stock?
FORTUNE BAY CORP (FOR.CA) has an RSI value of 49.8047. This indicates that the stock is currently neutral.
Can you provide the short term momentum for FORTUNE BAY CORP?
The short term momentum for FORTUNE BAY CORP (FOR.CA) is neutral.
Can you provide the support and resistance levels for FORTUNE BAY CORP?
FORTUNE BAY CORP (FOR.CA) has a support level at 0.84 and a resistance level at 0.91. Check the full technical report for our detailed analysis of FOR.CA support and resistance levels.