Technical Analysis for FMG - Fortescue Metals Group Limited  

Grade Last Price % Change Price Change
D 18.110 2.03% 0.360
FMG closed up 2.03 percent on Thursday, November 21, 2024, on 56 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 Flat

Date Alert Name Type % Chg
Oversold Stochastic Weakness 0.00%
Stochastic Buy Signal Bullish 2.03%
Gapped Up Strength 2.03%
Oversold Stochastic Weakness 2.03%
Oversold Stochastic Weakness 2.03%
NR7 Range Contraction 0.89%
Lower Bollinger Band Walk Weakness 0.89%
Gapped Up Strength 0.89%
Oversold Stochastic Weakness 0.89%
Lower Bollinger Band Walk Weakness 2.14%

   Recent Intraday Alerts

Alert Time
Rose Above 10 DMA about 9 hours ago
10 DMA Resistance about 13 hours ago
Up 2% about 13 hours ago
Rose Above Previous Day's High about 13 hours ago
Up 1% about 14 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 27.3277
52 Week Low 15.88
Average Volume 9,639,631
200-Day Moving Average 21.205
50-Day Moving Average 18.991
20-Day Moving Average 18.687
10-Day Moving Average 18.133
Average True Range 0.534
RSI (14) 43.18
ADX 19.02
+DI 19.953
-DI 30.005
Chandelier Exit (Long, 3 ATRs) 18.699
Chandelier Exit (Short, 3 ATRs) 19.141
Upper Bollinger Bands 20.037
Lower Bollinger Band 17.336
Percent B (%b) 0.29
BandWidth 14.452
MACD Line -0.371
MACD Signal Line -0.255
MACD Histogram -0.1153
Fundamentals Value
Market Cap 55.76 Billion
Num Shares 3.08 Billion
EPS 1.53
Price-to-Earnings (P/E) Ratio 11.82
Price-to-Sales 3.04
Price-to-Book 2.93
PEG Ratio 0.00
Dividend 1.76
Dividend Yield 9.72%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 18.620
Resistance 3 (R3) 18.577 18.363 18.535
Resistance 2 (R2) 18.363 18.233 18.385 18.507
Resistance 1 (R1) 18.237 18.153 18.300 18.280 18.478
Pivot Point 18.023 18.023 18.055 18.045 18.023
Support 1 (S1) 17.897 17.893 17.960 17.940 17.742
Support 2 (S2) 17.683 17.813 17.705 17.713
Support 3 (S3) 17.557 17.683 17.685
Support 4 (S4) 17.600