Technical Analysis for FT - Fortune Minerals Limited

Grade Last Price % Change Price Change
B 0.045 12.50% 0.005
FT closed up 12.5 percent on Friday, April 26, 2024, on 2.16 times normal volume. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up

Date Alert Name Type % Chg
180 Bullish Setup Bullish Swing Setup 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
Stochastic Reached Overbought Strength 0.00%
Upper Bollinger Band Walk Strength 0.00%
Wide Bands Range Expansion 0.00%
Above Upper BB Strength 0.00%
Overbought Stochastic Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
Shooting Star Candlestick Bearish 12.50%
Lizard Bearish Bearish Day Trade Setup 12.50%

   Recent Intraday Alerts

Alert Time
Possible Pocket Pivot about 8 hours ago
Possible NR7 about 9 hours ago
Rose Above Upper Bollinger Band about 12 hours ago
Up 5% about 12 hours ago
Up 3% about 12 hours ago

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Profile

Fortune Minerals Limited Description

Fortune Minerals Limited is a Canada-based development-stage mining company. The Company is engaged in developing, mining and processing precious and specialty minerals projects. It is focused on NICO gold-cobalt-bismuth-copper project, consisting of a proposed mine and mill in the Northwest Territories that will produce a bulk concentrate for shipment to a refinery that it focuses to construct in Saskatchewan. The NICO Gold-Cobalt-Bismuth-Copper deposit is located in the Northwest Territories approximately 160 kilometers from the city of Yellowknife. The products that will be produced at the refinery include cobalt chemicals used to make rechargeable batteries, bismuth metals and chemicals, as well as gold. It also owns the Sue-Dianne copper-silver-gold deposit, which is located over 24 kilometers north of the NICO deposit. It has interests in approximately 116 hectares at property south of Great Slave Lake with copper, silver, gold, lead and zinc showings, and on Camsell River NSR.


Classification

Sector: Basic Materials
Industry: Industrial Metals & Minerals
Keywords: Mining Mineral Gold Metal Chemistry Physical Sciences Copper Silver Metals Minerals Chemical Elements Zinc Cobalt Chemical Northwest Territories Chemicals Nsr Yellowknife Bismuth Rechargeable Batteries Refinery

Is FT a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 0.075
52 Week Low 0.025
Average Volume 361,948
200-Day Moving Average 0.039
50-Day Moving Average 0.036
20-Day Moving Average 0.036
10-Day Moving Average 0.039
Average True Range 0.006
RSI (14) 58.85
ADX 24.02
+DI 15.193
-DI 18.923
Chandelier Exit (Long, 3 ATRs) 0.029
Chandelier Exit (Short, 3 ATRs) 0.042
Upper Bollinger Bands 0.045
Lower Bollinger Band 0.028
Percent B (%b) 1.02
BandWidth 45.730
MACD Line 0.001
MACD Signal Line 0.000
MACD Histogram 0.0009
Fundamentals Value
Market Cap 16.18 Million
Num Shares 360 Million
EPS -0.01
Price-to-Earnings (P/E) Ratio -3.75
Price-to-Sales 0.00
Price-to-Book 0.39
PEG Ratio 0.00
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 0.053
Resistance 3 (R3) 0.052 0.048 0.051
Resistance 2 (R2) 0.048 0.046 0.049 0.051
Resistance 1 (R1) 0.047 0.045 0.048 0.048 0.050
Pivot Point 0.043 0.043 0.044 0.044 0.043
Support 1 (S1) 0.042 0.041 0.043 0.043 0.040
Support 2 (S2) 0.038 0.040 0.039 0.039
Support 3 (S3) 0.037 0.038 0.039
Support 4 (S4) 0.038