Technical Analysis for FMG - Fortescue Metals Group Limited  

Grade Last Price % Change Price Change
C 24.600 -1.60% -0.400
FMG closed down 1.6 percent on Friday, April 19, 2024, on 1.39 times normal volume.
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
MACD Bearish Signal Line Cross Bearish 0.00%
Bollinger Band Squeeze Range Contraction 0.00%
BB Squeeze + Lower Band Touch Range Contraction 0.00%
Outside Day Range Expansion 0.00%
Lower Bollinger Band Touch Weakness 0.00%
Bollinger Band Squeeze Range Contraction -1.60%
NR7 Range Contraction -1.60%
Narrow Range Bar Range Contraction -1.60%
Inside Day Range Contraction -1.60%
Bollinger Band Squeeze Range Contraction -1.60%

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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 6,216,711
200-Day Moving Average 23.240
50-Day Moving Average 25.698
20-Day Moving Average 25.225
10-Day Moving Average 25.276
Average True Range 0.631
RSI (14) 40.48
ADX 12.42
+DI 20.656
-DI 32.314
Chandelier Exit (Long, 3 ATRs) 24.248
Chandelier Exit (Short, 3 ATRs) 25.672
Upper Bollinger Bands 25.965
Lower Bollinger Band 24.485
Percent B (%b) 0.08
BandWidth 5.869
MACD Line -0.129
MACD Signal Line -0.115
MACD Histogram -0.0141
Fundamentals Value
Market Cap 75.74 Billion
Num Shares 3.08 Billion
EPS 1.53
Price-to-Earnings (P/E) Ratio 16.06
Price-to-Sales 3.04
Price-to-Book 2.93
PEG Ratio 0.00
Dividend 1.76
Dividend Yield 7.15%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 26.078
Resistance 3 (R3) 26.055 25.540 25.831
Resistance 2 (R2) 25.540 25.164 25.551 25.749
Resistance 1 (R1) 25.070 24.931 24.813 25.093 25.667
Pivot Point 24.555 24.555 24.426 24.566 24.555
Support 1 (S1) 24.085 24.179 23.828 24.108 23.533
Support 2 (S2) 23.570 23.946 23.581 23.451
Support 3 (S3) 23.100 23.570 23.369
Support 4 (S4) 23.123