Technical Analysis for FT - Fortune Minerals Limited

Grade Last Price % Change Price Change
C 0.055 -8.33% -0.005
FT closed unchanged on Wednesday, November 20, 2024, on 6.77 times normal volume. It was able to find support at its 50 day moving average. It was able to bounce off of its 200 day moving average, an important long-term support line.
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
20 DMA Support Bullish -8.33%
200 DMA Support Bullish -8.33%
50 DMA Support Bullish -8.33%
MACD Bullish Centerline Cross Bullish -8.33%
Expansion Breakout Bullish Swing Setup -8.33%
Jack-in-the-Box Bullish Bullish Swing Setup -8.33%
Volume Surge Other -8.33%
Wide Range Bar Range Expansion -8.33%
BB Squeeze Ended Range Expansion -8.33%
Above Upper BB Strength -8.33%

   Recent Intraday Alerts

Alert Time
Gap Down Partially Closed about 2 hours ago
Gapped Down (Partial) about 3 hours ago
Down 1 ATR about 3 hours ago
Down 5% about 3 hours ago
Down 3% about 3 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 Copper Physical Sciences Silver Metals Minerals Chemical Elements Zinc Cobalt Chemical Northwest Territories Chemicals Nsr Yellowknife Bismuth Refinery Rechargeable Batteries

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 0.13
52 Week Low 0.025
Average Volume 286,592
200-Day Moving Average 0.057
50-Day Moving Average 0.053
20-Day Moving Average 0.052
10-Day Moving Average 0.052
Average True Range 0.005
RSI (14) 60.94
ADX 14.25
+DI 27.846
-DI 20.000
Chandelier Exit (Long, 3 ATRs) 0.046
Chandelier Exit (Short, 3 ATRs) 0.059
Upper Bollinger Bands 0.059
Lower Bollinger Band 0.045
Percent B (%b) 1.06
BandWidth 28.185
MACD Line 0.000
MACD Signal Line -0.001
MACD Histogram 0.0011
Fundamentals Value
Market Cap 21.57 Million
Num Shares 360 Million
EPS -0.01
Price-to-Earnings (P/E) Ratio -5.00
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) 0.075
Resistance 3 (R3) 0.073 0.067 0.073
Resistance 2 (R2) 0.067 0.063 0.068 0.072
Resistance 1 (R1) 0.063 0.060 0.065 0.065 0.071
Pivot Point 0.057 0.057 0.058 0.058 0.057
Support 1 (S1) 0.053 0.053 0.055 0.055 0.049
Support 2 (S2) 0.047 0.050 0.048 0.048
Support 3 (S3) 0.043 0.047 0.048
Support 4 (S4) 0.045