FREDONIA MINING INC (FRED.CA) Stock Technical Analysis
TSX-V:FRED - TSX Venture Exchange - CA3560634048 - Common Stock - Currency: CAD
Overall FRED gets a technical rating of 5 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 26465 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
When comparing the yearly performance of all stocks, we notice that FRED is one of the better performing stocks in the market, outperforming 99% of all stocks.
FRED is part of the Metals & Mining industry. There are 794 other stocks in this industry. FRED outperforms 99% of them.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
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 0.34 - 0.53 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
FRED 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.
More info and screens
0.28
0.63
When analyzing the support we can see 3 important areas.
- Support @0.40 from a horizontal line in the weekly time frame.
- Support @0.36 from a trend line in the daily time frame.
- Support @0.28 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 0.46 to 0.46. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The short term trend for FRED.CA is down. |
| ChartMill Relative Strength | 99.59 | POSITIVE | FRED.CA has a high relative strength, it outperformed 99.59% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FRED.CA is below a declining 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) | 45.61 | NEUTRAL | The RSI value for FRED.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests FRED.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 55.04 | NEUTRAL | The Stochastics value for FRED.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 7.38 | HIGH VOLATILITY | The high ATR as a percentage value for FRED.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 13.13 | 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 (8/11/2025, 7:00:00 PM)
0.43
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0%
1 Week13.16%
2 Weeks-8.51%
1 Month-15.69%
3 Month-28.33%
6 Month53.57%
12 Month1128.57%
2 Year405.88%
3 Year258.33%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.03
ATR(20)%7.38%
ATR Inc-79.21%
Range Today0
ADR(20)0.01
ADR(20)%3.34%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.59
Mansfield5.63
10 Day High0.48
10 Day Low0.34
20 Day High0.53
20 Day Low0.34
52 Week High0.64
52 Week Low0.02
CS1 End0.4
CR1 Start0.46
Volume & EV
DER(3)0%
DER(5)0%
Volume20.00K
Volume Incr-18.04%
Vol(5)21.91K
Vol(50)26.47K