Technical Analysis for FMG - Fortescue Metals Group Limited  

Grade Last Price % Change Price Change
C 19.470 -1.32% -0.260
FMG closed down 1.32 percent on Friday, October 11, 2024, on 57 percent of normal volume.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Up Down

Date Alert Name Type % Chg
MACD Bearish Signal Line Cross Bearish 0.00%
Narrow Range Bar Range Contraction 0.00%
Inside Day Range Contraction 0.00%
20 DMA Support Bullish 2.64%
1,2,3 Pullback Bullish Bullish Swing Setup 2.64%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 2.64%
Inside Day Range Contraction 2.64%
Gapped Down Weakness 2.64%
1,2,3 Pullback Bullish Bullish Swing Setup 1.04%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 1.04%

   Recent Intraday Alerts

Alert Time
Possible Inside Day about 8 hours ago
Down 1% about 12 hours ago
Up 1 ATR 1 day ago
Up 3% 1 day ago
Non-ADX 1,2,3,4 Pullback Entry 1 day 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 11,376,698
200-Day Moving Average 22.188
50-Day Moving Average 17.749
20-Day Moving Average 18.982
10-Day Moving Average 19.853
Average True Range 0.694
RSI (14) 56.14
ADX 31.47
+DI 33.704
-DI 19.485
Chandelier Exit (Long, 3 ATRs) 19.509
Chandelier Exit (Short, 3 ATRs) 18.391
Upper Bollinger Bands 21.270
Lower Bollinger Band 16.694
Percent B (%b) 0.61
BandWidth 24.109
MACD Line 0.578
MACD Signal Line 0.601
MACD Histogram -0.0229
Fundamentals Value
Market Cap 59.95 Billion
Num Shares 3.08 Billion
EPS 1.53
Price-to-Earnings (P/E) Ratio 12.71
Price-to-Sales 3.04
Price-to-Book 2.93
PEG Ratio 0.00
Dividend 1.76
Dividend Yield 9.04%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 19.890
Resistance 3 (R3) 19.903 19.777 19.820
Resistance 2 (R2) 19.777 19.670 19.770 19.797
Resistance 1 (R1) 19.623 19.604 19.560 19.610 19.773
Pivot Point 19.497 19.497 19.465 19.490 19.497
Support 1 (S1) 19.343 19.390 19.280 19.330 19.167
Support 2 (S2) 19.217 19.324 19.210 19.143
Support 3 (S3) 19.063 19.217 19.120
Support 4 (S4) 19.050