Stock Trend Analysis Report
Prepared for you on Saturday, September 30, 2023.
FORAN MINING CORP (TSE:FOM)
Sidelines Mode (+55) - FOM is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid FOM?
MarketClub looks at technical strength and momentum to determine if the timing is right for FOM.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for FOM
The long-term trend has been UP since Jun 30th, 2023 at 3.500
The intermediate-term trend has been DOWN since Sep 21st, 2023 at 3.765
The short-term trend has been UP since Sep 28th, 2023 at 3.770
Smart Scan Analysis for FOM
Based on our trend formula, FOM is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).