FORTUNA MINING CORP (FSM) Stock Technical Analysis
NYSE:FSM - CA3499421020 - Common Stock
7.56 USD
-0.02 (-0.26%)
Taking everything into account, FSM scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, FSM is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, FSM did better than 91% of all other stocks. On top of that, FSM also shows a nice and consistent pattern of rising prices.
FSM is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month FSM has a been trading in the 6.17 - 7.67 range, which is quite wide. It is currently trading near the high of this range.
FSM has an average volume of 12442100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
FSM is part of the Metals & Mining industry. There are 155 other stocks in this industry, FSM did better than 66% of them.
FSM has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. We notice that large players showed an interest for FSM in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
4.12
7.67
When analyzing the support we can see 8 important areas.
- Support @7.46 from a trend line in the daily time frame.
- A support zone ranging from 6.92 to 7.03. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @6.47 from a trend line in the daily time frame.
- Support @6.36 from a horizontal line in the daily time frame.
- Support @6.24 from a horizontal line in the daily time frame.
- Support @5.10 from a trend line in the weekly time frame.
- Support @4.40 from a trend line in the weekly time frame.
- Support @4.16 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 7.57 to 7.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 FSM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FSM is up. |
| ChartMill Relative Strength | 91.56 | POSITIVE | FSM has a high relative strength, it outperformed 91.56% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FSM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FSM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FSM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.22 | NEUTRAL | The RSI value for FSM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests FSM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90.87 | OVERBOUGHT | The high Stochastics value suggests FSM may be overbought. |
| Average True Range in percent/ATR (20) | 4.34 | MEDIUM VOLATILITY | The ATR as a percentage value for FSM suggests some volalility. |
| Average Directional Index/ADX (14) | 16.55 | NEGATIVE | The low ADX value for FSM 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 7.68 | 7.45 | 0.23 (2.99%) | 25.00% |
| An entry @7.68. This is a Buy Stop order right above the 10 day high. | An exit @7.45. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.23 points, which is 2.99%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.75%. |
- The distance between exit and entry is rather small compared to the average daily movement of FSM. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NYSE:FSM (8/28/2025, 1:39:56 PM)
7.56
-0.02 (-0.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-0.26%
1 Week6.91%
2 Weeks5.13%
1 Month16.26%
3 Month29.57%
6 Month75.46%
12 Month65.14%
2 Year144.52%
3 Year229.57%
5 Year4.26%
10 Year211.93%
15 YearN/A
Volatility
ATR(14)0.31
ATR(20)%4.34%
ATR Inc-37.09%
Range Today0.25
ADR(20)0.3
ADR(20)%4.03%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.56
Mansfield2.52
10 Day High7.67
10 Day Low6.89
20 Day High7.67
20 Day Low6.17
52 Week High7.67
52 Week Low4.13
CS1 End7.57
CR1 StartN/A
Volume & EV
DER(3)6.62%
DER(5)8.07%
Volume10.23M
Volume Incr0.3%
Vol(5)12.00M
Vol(50)12.44M