FORTUNA MINING CORP (FSM) Stock Technical Analysis
NYSE:FSM - New York Stock Exchange, Inc. - CA3499421020 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to FSM. 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.
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 is also trading in the upper part of its 52 week range, so FSM is performing more or less in line with the market.
FSM has an average volume of 16895100 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 87% 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 58% of 156 stocks in the same industry.
In the last month FSM has a been trading in the 5.65 - 7.55 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, FSM also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 6.64, 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
6.72
We found 6 important support areas.
- A support zone ranging from 6.56 to 6.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 5.88 to 5.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.59 from a trend line in the daily time frame.
- Support @4.80 from a trend line in the weekly time frame.
- Support @4.32 from a horizontal line in the daily time frame.
- A support zone ranging from 4.16 to 4.21. 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 | 87.24 | POSITIVE | FSM has a high relative strength, it outperformed 87.24% 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) | 54.6 | NEUTRAL | The RSI value for FSM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests FSM has a negative trend. |
| Stochastics (14,3) | 54.94 | NEUTRAL | The Stochastics value for FSM is a neutral value. |
| Average True Range in percent/ATR (20) | 4.38 | MEDIUM VOLATILITY | The ATR as a percentage value for FSM suggests some volalility. |
| Average Directional Index/ADX (14) | 29.56 | POSITIVE | The high ADX value value for FSM suggests a strong 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 |
|---|---|---|---|
| 6.89 | 6.58 | 0.30 (4.43%) | 22.57% |
| An entry @6.88. This is a Buy Stop order right above the 10 day moving average. | An exit @6.58. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.30 points, which is 4.43%. | For a 1.00% total portfolio risk, you can invest 22.57% of your capital in this trade. |
- 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.
6.65
-0.1 (-1.48%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-1.48%
1 Week-3.34%
2 Weeks-10.14%
1 Month13.48%
3 Month13.48%
6 Month53.94%
12 Month31.94%
2 Year105.25%
3 Year134.16%
5 Year30.65%
10 Year81.69%
15 YearN/A
Volatility
ATR(14)0.32
ATR(20)%4.38%
ATR Inc-25.26%
Range Today0.28
ADR(20)0.27
ADR(20)%4.09%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.24
Mansfield2.51
10 Day High7.4
10 Day Low6.59
20 Day High7.55
20 Day Low5.65
52 Week High7.55
52 Week Low3.86
CS1 End6.64
CR1 StartN/A
Volume & EV
DER(3)11.01%
DER(5)11.08%
Volume15.54M
Volume Incr-26.64%
Vol(5)14.46M
Vol(50)16.90M