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AI Analysis of FMANF
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Freeman Gold Corp. stock downgraded to Sell Candidate
(Updated on Jun 17, 2024)

Sell candidate since Jun 17, 2024 PDF

No changes to the price of Freeman Gold Corp. stock on the last trading day (Monday, 17th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0800 to a day high of $0.0800. The price has been going up and down for this period, and there has been a -10.11% loss for the last 2 weeks.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -6.62% during the next 3 months and, with a 90% probability hold a price between $0.0573 and $0.0990 at the end of this 3-month period.

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FMANF Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Freeman Gold Corp. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.0831. On a fall, the stock will find some support from the short-term average at $0.0772. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Freeman Gold Corp. stock

Freeman Gold Corp. finds support from accumulated volume at $0.0793 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (FMANF) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect Freeman Gold Corp. to open at $0.0800, and during the day (based on 14 day Average True Range), to move between $0.0765 and $0.0835, which gives a possible trading interval of +/-$0.0035 (+/-4.34%) up or down from last closing price. If Freeman Gold Corp. takes out the full calculated possible swing range there will be an estimated 8.68% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0793 (0.88%) than the resistance at $0.0810 (1.25%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Freeman Gold Corp. stock A Buy?

Freeman Gold Corp. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -2.452 Sell Candidate Downgraded

Predicted Opening Price for Freeman Gold Corp. of Tuesday, June 18, 2024

Fair opening price June 18, 2024 Current price
$0.0800 ( 0%) $0.0800

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for FMANF

Fibonacci Support & Resistance Levels

Level Price
R3 0.0800 -
R2 0.0800 -
R1 0.0800 -
Price 0.0800
S1 0.0800 -
S2 0.0800 -
S3 0.0800 -

Accumulated Volume Support & Resistance Levels

Level Price
R3 0.0860 7.50%
R2 0.0829 3.63%
R1 0.0810 1.25%
Price 0.0800
S1 0.0793 -0.88%
S2 0.0760 -5.00%
S3 0.0687 -14.13%

FAQ

What is the symbol for Freeman Gold Corp. Stock and on which exchange is it traded?
The symbol for Freeman Gold Corp. is FMANF and it is traded on the PINK (Pink Sheets).

Should I buy or sell Freeman Gold Corp. Stock?
Freeman Gold Corp. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

How to buy Freeman Gold Corp. Stock?
Freeman Gold Corp. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Freeman Gold Corp. Stock.

What's the current price of Freeman Gold Corp. Stock?
As of the end of day on the Jun 17, 2024, the price of an Freeman Gold Corp. (FMANF) share was $0.0800.

What is the 52-week high and low for Freeman Gold Corp. Stock?
The 52-week high for Freeman Gold Corp. Stock is $0.159 and the 52-week low is $0.0580.

What is the market capitalization of Freeman Gold Corp. Stock?
As of the Jun 17, 2024, the market capitalization of Freeman Gold Corp. is 10.54M.

When is the next earnings date for Freeman Gold Corp.?
The upcoming earnings date for Freeman Gold Corp. is Sep 19, 2024.
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About Freeman Gold Corp.

Freeman Gold . Freeman Gold Corp. engages in the acquisition, exploration, and evaluation of mineral properties in Canada and the United States. The company holds a 100% interest in the Lemhi gold project comprising 10 patented mining claims, 1 patented millsite, and 333 unpatented claims covering an area of approximately 6,739 acres of mineral rights and 615 acres of surface rights located in Lemhi County, Idaho. Freeman Gold Corp. is based in Vancouver, Canad... FMANF Profile

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