Technical Analysis for FMG - Fortescue Metals Group Limited  

Grade Last Price % Change Price Change
B 26.030 0.85% 0.220
FMG closed up 0.85 percent on Wednesday, May 15, 2024, on 57 percent of normal volume.
Earnings due: May 15
*** please verify all earnings dates ***
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Down

Date Alert Name Type % Chg
Earnings Movers Other 0.00%
Gapped Up Strength 0.00%
Down 3 Days in a Row Weakness 0.85%
Down 4 Days in a Row Weakness 0.85%
Overbought Stochastic Strength -0.08%
Down 3 Days in a Row Weakness -0.08%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup -0.69%
Gapped Up Strength -0.69%
Overbought Stochastic Strength -0.69%
Stochastic Sell Signal Bearish -1.44%

   Recent Intraday Alerts

Alert Time
10 DMA Resistance about 8 hours ago
Gap Up Partially Closed about 8 hours ago
Rose Above Previous Day's High about 9 hours ago
Gapped Up (Partial) about 9 hours ago
Rose Above 10 DMA about 9 hours ago

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Profile

Fortescue Metals Group Limited   Description

Fortescue Metals Group Limited is engaged in the exploration, development, production, processing and sale of iron ore. It owns and operates an integrated supply chain, including its approximately five berth Herb Elliott Port in Port Hedland and the heavy haul railway with approximately 42 ton axle load capacity over 620 kilometers of track. Its operations span over four mine sites in the Pilbara. The Chichester Hub, which includes the Cloudbreak and Christmas Creek mines, is located in the Chichester Ranges, and produces over 90 million tons per annum (mtpa) from three ore processing facilities. The Solomon Hub is located in the Hamersley Ranges, and includes the Firetail and Kings Valley mines, which produce in excess of 70 mtpa. The Company owns and operates its purpose designed rail and port facilities, constructed to deliver iron ore from its mines to Port Hedland and onto its customers. Its Iron Bridge Magnetite project is located over 100 kilometers south of Port Hedland.


Classification

Sector: Basic Materials
Industry: Industrial Metals & Minerals
Keywords: Exploration Metal Metals Iron Mines Iron Ore Magnetite Supply Chain Mine Site Hamersley Range Tons Per Annum (Mtpa) Christmas Fortescue Metals Group Hamersley

Is FMG a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 28.7746
52 Week Low 17.2729
Average Volume 5,646,673
200-Day Moving Average 23.697
50-Day Moving Average 25.356
20-Day Moving Average 25.660
10-Day Moving Average 26.162
Average True Range 0.500
RSI (14) 53.70
ADX 9.81
+DI 29.704
-DI 29.784
Chandelier Exit (Long, 3 ATRs) 25.290
Chandelier Exit (Short, 3 ATRs) 25.540
Upper Bollinger Bands 26.980
Lower Bollinger Band 24.339
Percent B (%b) 0.64
BandWidth 10.293
MACD Line 0.227
MACD Signal Line 0.205
MACD Histogram 0.0225
Fundamentals Value
Market Cap 80.15 Billion
Num Shares 3.08 Billion
EPS 1.53
Price-to-Earnings (P/E) Ratio 16.99
Price-to-Sales 3.04
Price-to-Book 2.93
PEG Ratio 0.00
Dividend 1.76
Dividend Yield 6.76%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 26.915
Resistance 3 (R3) 26.953 26.697 26.768
Resistance 2 (R2) 26.697 26.471 26.678 26.718
Resistance 1 (R1) 26.363 26.332 26.235 26.325 26.669
Pivot Point 26.107 26.107 26.043 26.088 26.107
Support 1 (S1) 25.773 25.881 25.645 25.735 25.391
Support 2 (S2) 25.517 25.742 25.498 25.342
Support 3 (S3) 25.183 25.517 25.293
Support 4 (S4) 25.145