FREDONIA MINING INC (FRED.CA) Stock Technical Analysis
Canada • TSX Venture Exchange • TSX-V:FRED • CA3560634048
We assign a technical rating of 4 out of 10 to FRED. Although FRED 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.
- In the last month FRED has a been trading in the 0.38 - 0.46 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- Warning: FRED has an average volume of 28720 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 97% of all stocks. On top of that, FRED also shows a nice and consistent pattern of rising prices.
- FRED is part of the Metals & Mining industry. There are 814 other stocks in this industry. FRED outperforms 93% of them.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- 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.
FRED has an average technical rating and also the quality of the setup is only medium at the moment. Prices have been consolidating lately.
More info and screens
0.34
When analyzing the support we can see 2 important areas.
- Support @0.36 from a trend line in the daily time frame.
- A support zone ranging from 0.34 to 0.34. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 0.42 to 0.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.45 from a trend line in the weekly time frame.
- Resistance @0.51 from a trend line in the daily time frame.
- Resistance @0.55 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 FRED.CA is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FRED.CA is down. |
| ChartMill Relative Strength | 97.59 | POSITIVE | FRED.CA has a high relative strength, it outperformed 97.59% 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) | 43.2 | NEUTRAL | The RSI value for FRED.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests FRED.CA has a negative trend. |
| Stochastics (14,3) | 15.56 | OVERSOLD | The low Stochastics value suggests FRED.CA may be oversold. |
| Average True Range in percent/ATR (20) | 8.22 | HIGH VOLATILITY | The high ATR as a percentage value for FRED.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 10.08 | NEGATIVE | The low ADX value for FRED.CA suggests a weak or negative trend. |
TSX-V:FRED (2/3/2026, 7:00:00 PM)
0.38
0 (0%)
FREDONIA MINING INC / FRED.CA FAQ
Can you provide the ChartMill technical rating for FREDONIA MINING INC?
ChartMill assigns a technical rating of 4 / 10 to FRED.CA.
What is the trend direction for FRED stock?
The current trend direction for FREDONIA MINING INC (FRED.CA) is Bearish.
What is the RSI signal for FREDONIA MINING INC (FRED.CA) stock?
FREDONIA MINING INC (FRED.CA) has an RSI value of 43.1971. This indicates that the stock is currently neutral.
Can you provide the MACD signal for FREDONIA MINING INC?
The MACD indicator for FREDONIA MINING INC (FRED.CA) has a value of -0.00530292, indicating a bearish trend.
Can you provide the short term momentum for FREDONIA MINING INC?
The short term momentum for FREDONIA MINING INC (FRED.CA) is negative.