Technical analysis from Fortescue Metals (FMG.AX.AX, ASX:FMG.AX) on the Australian Stock Exchange (ASX). Download the latest price data & trading signals

Fortescue Metals
+ Share

Percentage volume oscillator remains negative for FMG
Percentage Volume /
Percentage volume oscillator remains negative for FMG

[BEARISH]: Fortescue Metals currently has negative PVO -2.3%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is 0%.

Fortescue Metals : Aroon oscillator (72) has confirmed a strong uptrend is present
Aroon Oscillator /
Fortescue Metals : Aroon oscillator (72) has confirmed a strong uptrend is present

[BULLISH]: Fortescue Metals has a current ARU(25) of 88 and a current ARD(25) of 16

Percentage Price /
Price percentage oscillator: Upward momentum has been initiated for Fortescue Metals

[BULLISH CROSSOVER]: Fortescue Metals currently has positive PPO 2.800%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Relative Strength Index /
Relative Strength overbought signal has just been neutralized for Fortescue Metals

[BEARISH]: Fortescue Metals is currently Overbought highlighting the potential for a short term trend reversal in the downward direction. RSI is currently overbought @73.5799

Simple Moving Average /
The SMA trend following signal is now active for Fortescue Metals [Bearish]

[BULLISH]: Fortescue Metals currently has a confirmed uptrend. Recent trading has caused the SMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is -0.4%.

On Balance Volume /
Fortescue Metals : Current trading activity signals OBV accumulation is present

[BULLISH]: Fortescue Metals current price has highlighted recent accumulation. Currently, the OBV is 8.68161e+007.

Top companies for
Australian Stock Exchange
Advertisment
Williams %R /
[Neutral]: Fortescue Metals current trading has moved to overbought status

FMG: William %R Current Signal -> (1) 11 Jan: BULLISH CROSSUNDER (2) 11 Jan: BEARISH CROSSOVER (3) 11 Jan: BEARISH CROSSUNDER

Fortescue Metals : Bull Harami
Bull Harami /
Fortescue Metals : Bull Harami

[BULLISH]: Fortescue Metals has formed a new Bull Harami reversal pattern.

Fortescue Metals : 2nd timeframe trend Uptrend has been confirmed
Medium Trend /
Fortescue Metals : 2nd timeframe trend Uptrend has been confirmed

[BULLISH]: Fortescue Metals has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Dec 27 2017.

Opening Price /
Fortescue Metals : Daily opening performance is 0 % [Uptrend]

[BULLISH]: Fortescue Metals opening price has gapped up. Currently, the OPEN is $5.31 (0 %).

Daily Volume Index /
Market conditions are indicating DVI distribution has been initiated for FMG

[BEARISH CROSSOVER]: Fortescue Metals current price has highlighted the commencement of distribution and the start of bearish trading conditions.

Chaikin Money Flow /
Fortescue Metals : Negative divergence confirmed from CMF Crossover

[BEARISH CROSSOVER]: Fortescue Metals current price has highlighted recent selling pressure and the start of a bearish trading conditions. Currently, the CMF is -0.06. During the quarter, the lowest CMF value was -0.09

Fortescue Metals  has broken the first Camarilla support point ($4.811) [Bearish]
Camarilla Pivot Points /
Fortescue Metals has broken the first Camarilla support point ($4.811) [Bearish]

Fortescue Metals has broken the first Camarilla support point ($4.811) [Bearish]. Look for a short limit order entry near this point. Exit price for FMG should be set @$4.372 & short position stoploss for Fortescue Metals should be set between $6.128 & $6.567

Limit order for a short position has been identified for Fortescue Metals  @$2
Fibonacci Extensions /
Limit order for a short position has been identified for Fortescue Metals @$2

Fortescue Metals : The current Fibonacci Extension levels are: (23.61%) $5.19: (38.2%) $5.08: (50%) $4.98: (61.8%) $4.89The current support levels are: (78.6%) $4.76: (100%) $4.59: (138.2%) $4.29: (161.8%) $4.1: (261.8%) $3.31: (423.61%) $2.03

Low Price /
Fortescue Metals : Daily low performance is 0.2 % [Uptrend]

[BEARISH]: Fortescue Metals current uptrend in the first timeframe. Currently, the Low is $5.25 (0.2 %).

Exponential Moving Average /
[Bullish]: EMA(5) is serving as a support line for Fortescue Metals

[BULLISH]: Fortescue Metals currently has a confirmed uptrend. Recent trading has caused the EMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is -0.4%.

Short Black Candle /
FMG Basic Candle: Short Black

[BEARISH]: Fortescue Metals has formed a Short Black candlestick. This means, FMG has limited price movement derived from weak selling pressure. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

Weaker price performance from FMG has seen a lower close of -0.4 % [Downtrend]
Closing Price /
Weaker price performance from FMG has seen a lower close of -0.4 % [Downtrend]

[BEARISH]: Fortescue Metals current downtrend in the first timeframe. Currently, the Close is $5.25.

Fortescue Metals : Ulcer Index (0.974)
Ulcer Index /
Fortescue Metals : Ulcer Index (0.974)

[BEARISH]: Fortescue Metals UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 0.974.

[Bull Power]: Prices are being driven above the consensus of value for FMG during the last trading session
Elder Ray Index /
[Bull Power]: Prices are being driven above the consensus of value for FMG during the last trading session

[BULLISH]: Fortescue Metals Elder Ray Index is signalling a Bullish movementERI is 0.185 indicating bull power. Prices are being driven above the consensus of value for FMG during the last trading session [Buying Pressure]

Elders Force Index /
Fortescue Metals : Direction, extent & volume have increased in recent trading [Buying Pressure]

[BULLISH]: Fortescue Metals current price has highlighted recent buying pressure. Currently, the Elders Force Index is 506851.

Open Tod Vs Close Tod /
Open/close reversal confirmed for Fortescue Metals signalling the sellers were in control all day

FMG: Open today versus close yesterday Current Signal ->(1) 11 Jan: BEARISH STRONG (2) 11 Jan: BULLISH (3) 11 Jan: BEARISH STRONG

Accumulation / Distribution /
Distribution signal for Fortescue Metals is confirmed

[BEARISH CROSSOVER]: Fortescue Metals current price has highlighted the commencement of distribution and the start of bearish trading conditions.

Volume Rate of Change /
Fortescue Metals has initiated a negative volume rate of change of -42

[BEARISH CROSSOVER]: Fortescue Metals currently has negative rate of change of -42%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is -0.4%.

Fortescue Metals  was difficult to move downward due to high volume in recent trading [Bearish]
Ease of Movement /
Fortescue Metals was difficult to move downward due to high volume in recent trading [Bearish]

FMG: EOM Current Signal -> (1) 11 Jan: BEARISH HARD (2) 11 Jan: BULLISH EASY (3) 11 Jan: BEARISH HARD

The volume MACD continues to rise above the signal line for FMG [Bullish]
MACD Volume /
The volume MACD continues to rise above the signal line for FMG [Bullish]

FMG: Volume MACD Current Signal -> (1) 11 Jan: BULLISH (2) 11 Jan: BULLISH (3) 11 Jan: BEARISH CROSSOVER

Range Tod Vs Range Yest /
Sellers have decreased eagerness for FMG reducing strength of a continued downtrend in the first timeframe.

[WEAK BULLISH]: Fortescue Metals sellers are becoming less eager. There has been 2 consecutive days of range increase for FMG reducing strength to an uptrend in the first timeframe. The biggest price range this month has been $0.49 & the greatest daily price range this year has been $0.49. The price range ratio this week versus the quarterly price range is 0.3x & the price range ratio this month versus the year to date price range is 1x.

See More   See more results
Advertisment
Advertisment
back to top