While this happened, A number of analysts have revised their coverage, including Canaccord Genuity’s analysts, who increased its forecast for the stock in mid January from “a Hold” to “a Buy”. Canaccord Genuity also remained covering FSM and has decreased its forecast on November 12, 2021 with a “Sell” recommendation from previously “Hold” rating. BMO Capital Markets revised its rating on November 12, 2021. It rated FSM as “a Market perform” which previously was an “an Outperform”.
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Price Performance Review of FSM
On Tuesday, Fortuna Mining Corp. [NYSE:FSM] saw its stock jump 3.13% to $5.28. Over the last five days, the stock has lost -3.30%. Fortuna Mining Corp. shares have risen nearly 36.79% since the year began. Nevertheless, the stocks have risen 82.70% over the past one year. While a 52-week high of $6.36 was reached on 05/28/24, a 52-week low of $2.63 was recorded on 02/28/24. SMA at 50 days reached $4.77, while 200 days put it at $4.43.
Levels Of Support And Resistance For FSM Stock
The 24-hour chart illustrates a support level at 5.17, which if violated will result in even more drops to 5.06. On the upside, there is a resistance level at 5.34. A further resistance level may holdings at 5.40. The Relative Strength Index (RSI) on the 14-day chart is 60.65, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 22.70%. Stochastics %K at 67.77% indicates the stock is a holding.
How much short interest is there in Fortuna Mining Corp.?
A steep rise in short interest was recorded in Fortuna Mining Corp. stocks on 2024-10-15, growing by 1.16 million shares to a total of 11.59 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 10.43 million shares. There was a rise of 10.02%, which implies that there is a positive sentiment for the stock.
