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 6 out of 10. In the last year, FSM was one of the better performers, but we do observe some doubts in the very recent evolution.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
FSM has an average volume of 15374000 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 85% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
FSM is part of the Metals & Mining industry. There are 154 other stocks in this industry, FSM did better than 61% of them.
FSM is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so FSM is lagging the market slightly.
In the last month FSM has a been trading in the 5.23 - 6.26 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, FSM does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. 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
6.08
We found 6 important support areas.
- Support @5.50 from a trend line in the daily time frame.
- A support zone ranging from 5.35 to 5.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @4.68 from a trend line in the weekly time frame.
- Support @4.40 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.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 5.95 to 6.02. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for FSM is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FSM is neutral. |
| ChartMill Relative Strength | 85.83 | POSITIVE | FSM has a high relative strength, it outperformed 85.83% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of FSM is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of FSM is below 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) | 51.34 | NEUTRAL | The RSI value for FSM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests FSM has a positive trend. |
| Stochastics (14,3) | 58.58 | NEUTRAL | The Stochastics value for FSM is a neutral value. |
| Average True Range in percent/ATR (20) | 4.68 | MEDIUM VOLATILITY | The ATR as a percentage value for FSM suggests some volalility. |
| Average Directional Index/ADX (14) | 14.38 | 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 |
|---|---|---|---|
| 6.03 | 5.49 | 0.54 (8.96%) | 11.17% |
| An entry @6.03. This is a Buy Stop order right above the resistance zone. | An exit @5.49. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.54 points, which is 8.96%. | When investing 11.17% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
5.84
+0.04 (+0.69%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0.69%
1 Week8.35%
2 Weeks2.64%
1 Month-3.63%
3 Month32.13%
6 Month17.51%
12 Month-3.95%
2 Year76.44%
3 Year78.59%
5 Year30.07%
10 Year53.28%
15 YearN/A
Volatility
ATR(14)0.29
ATR(20)%4.68%
ATR Inc-35.49%
Range Today0.17
ADR(20)0.25
ADR(20)%4.28%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.83
Mansfield1.4
10 Day High5.93
10 Day Low5.23
20 Day High6.26
20 Day Low5.23
52 Week High6.78
52 Week Low3.86
CS1 End5.5
CR1 Start5.95
Volume & EV
DER(3)10.57%
DER(5)12.35%
Volume15.93M
Volume Incr-12.55%
Vol(5)13.61M
Vol(50)15.37M