Stock Trend Analysis Report
Prepared for you on Monday, October 18, 2021.
Fortune Minerals Ltd (TSE:FT)
Sidelines Mode (+55) - FT 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 FT?
MarketClub looks at technical strength and momentum to determine if the timing is right for FT.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for FT
The long-term trend has been DOWN since Jul 7th, 2021 at 0.130
The intermediate-term trend has been UP since Aug 30th, 2021 at 0.120
The short-term trend has been DOWN since Oct 5th, 2021 at 0.115
Smart Scan Analysis for FT
Based on our trend formula, FT is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|Year High||0.38||Year High Date||2018-01-05|
|Year Low||0.09||Year Low Date||2018-10-10|
|52wk High||0.38||52wk High Date||2018-01-05|
|52wk Low||0.09||52wk Low Date||2018-10-10|
|Year End Close||0.5||Average Volume||290,243|