FORTUNA MINING CORP (FVI.CA) Stock Technical Analysis
TSX:FVI - Toronto Stock Exchange - CA3499421020 - Common Stock - Currency: CAD
Overall FVI gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, FVI is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
FVI 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 FVI is performing more or less in line with the market.
FVI has an average volume of 1040380 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, FVI did better than 80% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
FVI is part of the Metals & Mining industry. There are 808 other stocks in this industry, FVI did better than 61% of them.
In the last month FVI has a been trading in the 7.85 - 10.30 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, FVI 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.
More info and screens
6.02
9.51
When analyzing the support we can see 6 important areas.
- A support zone ranging from 9.28 to 9.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 8.75 to 8.88. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 8.09 to 8.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.40 from a horizontal line in the daily time frame.
- Support @7.02 from a trend line in the weekly time frame.
- Support @6.08 from a horizontal 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 | UP | POSITIVE | The long term trend for FVI.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FVI.CA is up. |
| ChartMill Relative Strength | 80.88 | POSITIVE | FVI.CA has a high relative strength, it outperformed 80.88% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FVI.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FVI.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FVI.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.96 | NEUTRAL | The RSI value for FVI.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests FVI.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 61.36 | NEUTRAL | The Stochastics value for FVI.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.02 | MEDIUM VOLATILITY | The ATR as a percentage value for FVI.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 27 | POSITIVE | The high ADX value value for FVI.CA 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 |
|---|---|---|---|
| 9.49 | 9.27 | 0.22 (2.36%) | 25.00% |
| An entry @9.49. This is a Buy Stop order right above the 10 day moving average. | An exit @9.27. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.22 points, which is 2.36%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.59%. |
- The distance between exit and entry is rather small compared to the average daily movement of FVI. 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.
TSX:FVI (6/17/2025, 7:00:00 PM)
9.42
+0.13 (+1.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg1.4%
1 Week0.11%
2 Weeks2.84%
1 Month19.09%
3 Month12.28%
6 Month51.94%
12 Month36.13%
2 Year118.56%
3 Year157.38%
5 Year36.52%
10 Year107.03%
15 Year350.72%
Volatility
ATR(14)0.43
ATR(20)%4.02%
ATR Inc-42.34%
Range Today0.24
ADR(20)0.35
ADR(20)%3.71%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.88
Mansfield2.62
10 Day High10.3
10 Day Low9.09
20 Day High10.3
20 Day Low7.85
52 Week High10.3
52 Week Low5.62
CS1 End9.34
CR1 StartN/A
Volume & EV
DER(3)-0.8%
DER(5)-0.12%
Volume749.34K
Volume Incr-24.73%
Vol(5)863.96K
Vol(50)1.04M