FREDONIA MINING INC (FRED.CA) Stock Technical Analysis
Canada - TSX-V:FRED - CA3560634048 - Common Stock
0.43 CAD
-0.01 (-2.27%)
Overall FRED gets a technical rating of 8 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Warning: FRED has an average volume of 26352 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
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!
Looking at the yearly performance, FRED did better than 99% of all other stocks. We also observe that the gains produced by FRED over the past year are nicely spread over this period.
FRED is part of the Metals & Mining industry. There are 808 other stocks in this industry. FRED outperforms 99% of them.
FRED is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so FRED is lagging the market.
In the last month FRED has a been trading in the 0.36 - 0.55 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although FRED has an excellent technical rating, the quality of the presented setup is not ideal 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
0.31
0.63
We found 4 important support areas.
- A support zone ranging from 0.40 to 0.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.37 from a horizontal line in the daily time frame.
- Support @0.33 from a trend line in the weekly time frame.
- Support @0.31 from a trend line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 0.48 to 0.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.54 from a trend line in the daily time frame.
- Resistance @0.62 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 FRED.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FRED.CA is neutral. |
| ChartMill Relative Strength | 99.42 | POSITIVE | FRED.CA has a high relative strength, it outperformed 99.42% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of FRED.CA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of FRED.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FRED.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.04 | NEUTRAL | The RSI value for FRED.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests FRED.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 45.95 | NEUTRAL | The Stochastics value for FRED.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 7.27 | HIGH VOLATILITY | The high ATR as a percentage value for FRED.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 14.63 | NEGATIVE | The low ADX value for FRED.CA suggests a weak or negative 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:FRED (9/19/2025, 7:00:00 PM)
0.43
-0.01 (-2.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-2.27%
1 Week-10.42%
2 Weeks4.88%
1 Month26.47%
3 Month-21.82%
6 Month126.32%
12 Month1128.57%
2 Year473.33%
3 Year244%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.03
ATR(20)%7.27%
ATR Inc-19.54%
Range Today0.01
ADR(20)0.02
ADR(20)%3.98%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.42
Mansfield3.9
10 Day High0.55
10 Day Low0.37
20 Day High0.55
20 Day Low0.37
52 Week High0.64
52 Week Low0.02
CS1 End0.4
CR1 Start0.48
Volume & EV
DER(3)0%
DER(5)0%
Volume15.00K
Volume Incr-37.27%
Vol(5)15.70K
Vol(50)26.35K