FORTUNA MINING CORP (FSM) Stock Technical Analysis
NYSE:FSM - New York Stock Exchange, Inc. - CA3499421020 - Common Stock - Currency: USD
Overall FSM gets a technical rating of 8 out of 10. Although FSM is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
FSM is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so FSM is lagging the market slightly.
In the last month FSM has a been trading in the 6.23 - 7.08 range, which is quite wide. It is currently trading near the high of this range.
FSM has an average volume of 16552800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, FSM did better than 75% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
FSM is an average performer in the Metals & Mining industry, it outperforms 50% of 155 stocks in the same industry.
Besides having an excellent technical rating, FSM also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 6.35, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for FSM in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
4.12
6.98
5 important support areas can be observed.
- A support zone ranging from 6.17 to 6.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @5.71 from a trend line in the daily time frame.
- Support @4.89 from a trend line in the weekly time frame.
- Support @4.32 from a horizontal line in the daily time frame.
- Support @4.16 from a horizontal line in the weekly 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 FSM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FSM is up. |
| ChartMill Relative Strength | 75.3 | POSITIVE | FSM has a high relative strength, it outperformed 75.3% 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) | 58.09 | NEUTRAL | The RSI value for FSM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests FSM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 68.9 | NEUTRAL | The Stochastics value for FSM is a neutral value. |
| Average True Range in percent/ATR (20) | 3.81 | MEDIUM VOLATILITY | The ATR as a percentage value for FSM suggests some volalility. |
| Average Directional Index/ADX (14) | 17.05 | 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 |
|---|---|---|---|
| 6.96 | 6.22 | 0.74 (10.63%) | 9.41% |
| An entry @6.96. This is a Buy Stop order right above the 10 day high. | An exit @6.22. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.74 points, which is 10.63%. | For a 1.00% total portfolio risk, you can invest 9.41% of your capital in this trade. |
- 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.
6.91
+0.25 (+3.75%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg3.75%
1 Week4.54%
2 Weeks4.22%
1 Month0.44%
3 Month6.64%
6 Month57.4%
12 Month29.64%
2 Year94.65%
3 Year142.46%
5 Year2.83%
10 Year148.56%
15 YearN/A
Volatility
ATR(14)0.28
ATR(20)%3.81%
ATR Inc-11.41%
Range Today0.23
ADR(20)0.25
ADR(20)%3.6%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.3
Mansfield2.27
10 Day High6.95
10 Day Low6.23
20 Day High7.08
20 Day Low6.23
52 Week High7.55
52 Week Low3.86
CS1 End6.35
CR1 StartN/A
Volume & EV
DER(3)5.74%
DER(5)5.37%
Volume15.82M
Volume Incr-4.19%
Vol(5)15.11M
Vol(50)16.55M