Technical Analysis for FMG - Fortescue Metals Group Limited  

Grade Last Price % Change Price Change
D 18.290 0.83% 0.150
FMG closed up 0.83 percent on Wednesday, November 13, 2024, on 71 percent of normal volume. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
Lower Bollinger Band Walk Weakness 0.00%
Stochastic Reached Oversold Weakness 0.00%
Inside Day Range Contraction 0.00%
Lower Bollinger Band Touch Weakness 0.00%
Oversold Stochastic Weakness 0.00%
Below Lower BB Weakness 0.83%
Gapped Down Weakness 0.83%
Lower Bollinger Band Touch Weakness 0.83%
Fell Below 20 DMA Bearish 0.94%
Fell Below 50 DMA Bearish 0.94%

   Recent Intraday Alerts

Alert Time
Up 1% about 5 hours ago
Possible Inside Day about 6 hours ago
Possible NR7 about 6 hours ago
Rose Above Lower Bollinger Band about 10 hours ago
Down 2 ATRs 2 days 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 27.3277
52 Week Low 15.88
Average Volume 10,152,237
200-Day Moving Average 21.453
50-Day Moving Average 18.792
20-Day Moving Average 19.211
10-Day Moving Average 18.945
Average True Range 0.635
RSI (14) 41.18
ADX 16.43
+DI 22.124
-DI 32.446
Chandelier Exit (Long, 3 ATRs) 18.845
Chandelier Exit (Short, 3 ATRs) 19.655
Upper Bollinger Bands 20.226
Lower Bollinger Band 18.196
Percent B (%b) 0.05
BandWidth 10.568
MACD Line -0.171
MACD Signal Line 0.001
MACD Histogram -0.1719
Fundamentals Value
Market Cap 56.31 Billion
Num Shares 3.08 Billion
EPS 1.53
Price-to-Earnings (P/E) Ratio 11.94
Price-to-Sales 3.04
Price-to-Book 2.93
PEG Ratio 0.00
Dividend 1.76
Dividend Yield 9.62%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 18.830
Resistance 3 (R3) 18.800 18.590 18.740
Resistance 2 (R2) 18.590 18.452 18.605 18.710
Resistance 1 (R1) 18.440 18.368 18.515 18.470 18.680
Pivot Point 18.230 18.230 18.268 18.245 18.230
Support 1 (S1) 18.080 18.092 18.155 18.110 17.900
Support 2 (S2) 17.870 18.008 17.885 17.870
Support 3 (S3) 17.720 17.870 17.840
Support 4 (S4) 17.750