FORTUNE BAY CORP (FOR.CA) Stock Technical Analysis
TSX-V:FOR - TSX Venture Exchange - CA34964F1099 - Common Stock - Currency: CAD
Taking everything into account, FOR scores 8 out of 10 in our technical rating. In the last year, FOR was one of the better performers, but we do observe some doubts in the very recent evolution.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, FOR did better than 95% of all other stocks. On top of that, FOR also shows a nice and consistent pattern of rising prices.
FOR is one of the better performing stocks in the Metals & Mining industry, it outperforms 89% of 798 stocks in the same industry.
FOR is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so FOR is lagging the market slightly.
In the last month FOR has a been trading in the 0.49 - 0.70 range, which is quite wide. It is currently trading near the high of this range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although FOR 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
0.26
0.71
We found 1 important support area.
- Support @0.26 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 FOR.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FOR.CA is neutral. |
| ChartMill Relative Strength | 95.95 | POSITIVE | FOR.CA has a high relative strength, it outperformed 95.95% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of FOR.CA is above a declining 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) | 63.59 | NEUTRAL | The RSI value for FOR.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests FOR.CA has a positive trend. |
| Stochastics (14,3) | 100 | OVERBOUGHT | The high Stochastics value suggests FOR.CA may be overbought. |
| Average True Range in percent/ATR (20) | 6.54 | HIGH VOLATILITY | The high ATR as a percentage value for FOR.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 24.44 | NEUTRAL | The ADX value for FOR.CA suggests a possible start of a new 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:FOR (8/8/2025, 7:00:00 PM)
0.7
+0.09 (+14.75%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg14.75%
1 Week34.62%
2 Weeks32.08%
1 Month0%
3 Month11.11%
6 Month133.33%
12 Month241.46%
2 Year250%
3 Year79.49%
5 Year-48.15%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%6.54%
ATR Inc117.78%
Range Today0.14
ADR(20)0.03
ADR(20)%4.96%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.95
Mansfield6.2
10 Day High0.7
10 Day Low0.51
20 Day High0.7
20 Day Low0.5
52 Week High0.79
52 Week Low0.18
CS1 End0.26
CR1 StartN/A
Volume & EV
DER(3)-280.33%
DER(5)-211.14%
Volume14.87K
Volume Incr14.11%
Vol(5)21.31K
Vol(50)34.42K