Stock Trend Analysis Report
Prepared for you on Friday, May 20, 2022.
Fortune Minerals Ltd (TSE:FT)
Countertrend Down (-85) - FT is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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 Apr 25th, 2022 at 0.130
The intermediate-term trend has been DOWN since Feb 24th, 2022 at 0.135
The short-term trend has been UP since May 19th, 2022 at 0.110
Smart Scan Analysis for FT
Based on our trend formula, FT is rated as a -85 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|