FREDONIA MINING INC (FRED.CA) Stock Technical Analysis
Canada - TSX-V:FRED - CA3560634048 - Common Stock
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.
FRED has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
0.31
We found 2 important support areas.
- A support zone ranging from 0.34 to 0.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 0.36 to 0.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 0.44 to 0.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.51 from a trend 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 | 98.6 | POSITIVE | FRED.CA has a high relative strength, it outperformed 98.6% 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) | 37.66 | 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) | 1.59 | OVERSOLD | The low Stochastics value suggests FRED.CA may be oversold. |
| Average True Range in percent/ATR (20) | 5.77 | HIGH VOLATILITY | The high ATR as a percentage value for FRED.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 11.51 | NEGATIVE | The low ADX value for FRED.CA suggests a weak or negative trend. |
TSX-V:FRED (11/5/2025, 7:00:00 PM)
0.355
+0.01 (+1.43%)
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 current trend direction of FREDONIA MINING INC (FRED.CA) stock?
The current trend direction for FREDONIA MINING INC (FRED.CA) is Bearish.
Can you provide the RSI signal for FREDONIA MINING INC?
FREDONIA MINING INC (FRED.CA) has an RSI value of 37.6555. This indicates that the stock is currently neutral.
What is the MACD signal for FRED stock?
The MACD indicator for FREDONIA MINING INC (FRED.CA) has a value of -0.00821462, indicating a bearish trend.
What is the short term momentum for FRED stock?
The short term momentum for FREDONIA MINING INC (FRED.CA) is negative.