Technical Analysis for FMG - Fortescue Metals Group Limited  

Grade Last Price % Change Price Change
C 20.700 2.99% 0.600
FMG closed up 3.61 percent on Friday, September 27, 2024, on 1.47 times normal volume. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
15 Watchers
Watchlist Portfolio

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Up Up

Date Alert Name Type % Chg
Gilligan's Island Sell Setup Bearish Swing Setup 2.99%
New Uptrend Bullish 2.99%
Upper Bollinger Band Walk Strength 2.99%
Multiple of Ten Bullish Other 2.99%
Above Upper BB Strength 2.99%
Gapped Up Strength 2.99%
Overbought Stochastic Strength 2.99%
Up 3 Days in a Row Strength 2.99%
Pocket Pivot Bullish Swing Setup 6.70%
Above Upper BB Strength 6.70%

   Recent Intraday Alerts

Alert Time
Gapped Up (Full) about 2 hours ago
Rose Above Previous Day's High about 2 hours ago
Up 2 ATRs about 2 hours ago
Up 1 ATR about 2 hours ago
Up 5% about 2 hours ago

Free Daily (Stock) Chart Reading

Let us help you stay on top of your investments. We will alert you to important technical developments on your portfolio & watchlist.

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 11,373,040
200-Day Moving Average 22.472
50-Day Moving Average 17.573
20-Day Moving Average 17.309
10-Day Moving Average 18.111
Average True Range 0.625
RSI (14) 74.75
ADX 26.83
+DI 42.912
-DI 13.041
Chandelier Exit (Long, 3 ATRs) 18.616
Chandelier Exit (Short, 3 ATRs) 17.754
Upper Bollinger Bands 19.506
Lower Bollinger Band 15.112
Percent B (%b) 1.14
BandWidth 25.386
MACD Line 0.439
MACD Signal Line 0.061
MACD Histogram 0.3783
Fundamentals Value
Market Cap 61.89 Billion
Num Shares 3.08 Billion
EPS 1.53
Price-to-Earnings (P/E) Ratio 13.12
Price-to-Sales 3.04
Price-to-Book 2.93
PEG Ratio 0.00
Dividend 1.76
Dividend Yield 8.76%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 20.925
Resistance 3 (R3) 20.963 20.727 20.788
Resistance 2 (R2) 20.727 20.517 20.708 20.742
Resistance 1 (R1) 20.413 20.387 20.295 20.375 20.696
Pivot Point 20.177 20.177 20.118 20.158 20.177
Support 1 (S1) 19.863 19.967 19.745 19.825 19.504
Support 2 (S2) 19.627 19.837 19.608 19.458
Support 3 (S3) 19.313 19.627 19.413
Support 4 (S4) 19.275