FMG | Australian Securities Exchange

Fortescue Metals
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Closing price for Fortescue Metals  has seen buyers continue to win the daily battle for performance @ 1.2%
Close Tod Vs Close Yest /
Closing price for Fortescue Metals has seen buyers continue to win the daily battle for performance @ 1.2%

[BULLISH]: Fortescue Metals buyers are keener than sellers and are driving the price up. There has been 2 consecutive days of price rise for FMG adding strength to an uptrend in the first timeframe. The biggest upward movement this month has been 6.9 & the greatest daily positive change this year has been 7.8. The longest consecutive upswing rally over the last 12 months has been 5 days giving a total rally upward movement of 20.2%. This quarter, the largest upswing rally has been 5 days giving a total rally upward movement of 20.2%. The win ratio for price rise in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 1.7x. Over the last month the average daily upward movement has been 1.900000%

Bill Williams Profanity has signalled a Fake Day for Fortescue Metals
Bill Williams Market Facilitation /
Bill Williams Profanity has signalled a Fake Day for Fortescue Metals

Fortescue Metals Currently is a confirmed Fake Day. MFI indicator is up, volume is down for FMG. Trend continuation possible for FMG from reduced trading activity.

Open Tod Vs Close Tod /
Fortescue Metals : Sellers were in control all day.

[BEARISH STRONG]: Fortescue Metals opened in the upper part of daily range at 76.5% & closed in the lower part of the trading range at 11.8%. This suggests the sellers were in control all day. Over the last 12 months there has been 5 trading days with the opening price in the upper shadow & the closing the price in the lower shadow giving a confirmation ratio of 1.9%. Over the last month there has been 5 trading days with the opening price in the lower upper range & the closing the price in the lower price range giving a confirmation ratio of 31.3%.

Supertrend /
Fortescue Metals has signalled an Supertrend present [Uptrend]

[BULLISH]: Fortescue Metals has a current Supertrend of 6.262

Simple Moving Average /
The SMA trend following signal is still current for Fortescue Metals [Bullish]

[BULLISH]: Fortescue Metals currently has a confirmed uptrend. Recent trading has caused the SMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SMA15 is 1.2%.

Black Candle /
FMG Basic Candle: Black

[BEARISH]: Fortescue Metals has formed a Black candlestick. Normal selling pressure highlighting sellers were in control.

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Fibonacci Fans /
Fortescue Metals : 0.618 Fibonacci Fan ($5.61)

Fortescue Metals : The current Fibonacci Fan levels are: (23.61%) $7.1: (38.2%) $5.86: (50%) $5.74: (61.8%) $5.61The current support levels are: (78.6%) $5.43: (100%) $5.2: (138.2%) $4.79: (161.8%) $4.53: (261.8%) $3.46: (423.61%) $1.71

Fortescue Metals : Weighted Moving Average(15) (6.563)
Weighted Moving Average /
Fortescue Metals : Weighted Moving Average(15) (6.563)

[BULLISH]: Fortescue Metals currently has a confirmed uptrend. Recent trading has caused the WMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on WMA15 is 1.2%.

Trading for Fortescue Metals  highlights the commitment of sellers to carry positions overnight.
Close Tod Vs Range Tod /
Trading for Fortescue Metals highlights the commitment of sellers to carry positions overnight.

[BEARISH]: Fortescue Metals sellers in control. This is the first day of seller commitment for Fortescue Metals adding strength to an downtrend in the first timeframe & highlights the lack of commitment of buyers to carry positions overnight Over the last 12 months there has been 5 trading days with the closing price in the lower part of the range giving a confirmation ratio of 1.9%. Over the last month there has been 5 trading days with the closing price in the lower range giving a confirmation ratio of 31.3%. Currently this quarter, closing price has spent 5 days in the lower price range compared to 2 days in the upper range giving a ratio of 2.5x.

Elder Ray Index /
[Bullish]: Elder Ray Index is 0.204 indicating bull power

FMG: Elder Ray Index Current Signal -> (1) 22 Mar: BULLISH (2) 21 Mar: BULLISH (3) 20 Mar: BULLISH

Volume Rate of Change /
Negative VROC: Volume is now lower for Fortescue Metals than 14 days ago

[BEARISH CROSSOVER]: Fortescue Metals currently has negative rate of change of -51%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is 1.2%.

Sine Weighted Moving Average /
Fortescue Metals is in a short term uptrend with the closing price @$6.59

[BULLISH]: Fortescue Metals currently has a confirmed uptrend. Recent trading has caused the SWMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SWMA15 is 1.2%.

Volume for Fortescue Metals  continues to lose momentum @-6.04)
Percentage Volume /
Volume for Fortescue Metals continues to lose momentum @-6.04)

[BEARISH]: Fortescue Metals currently has negative PVO -6.04%. The recent volume is losing momentum through a fall on the short term exponential moving average.

Fortescue Metals : Price Percentage Oscillator (2.713)
Percentage Price /
Fortescue Metals : Price Percentage Oscillator (2.713)

[BULLISH]: Fortescue Metals currently has positive PPO 2.713%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Pivot Points /
[Short]: Limit orders for Fortescue Metals should be set at $6.463

Fortescue Metals current pivot point is: 6.633. The current resistance levels are: (R2) $6.803: (R2) $6.803: (R3) $6.866: The current support levels are: (S1) $6.526: (S2) $6.463: (S3) $6.356

Fibonacci Retracements /
Fortescue Metals : 0.618 Fibonacci Retraction (5.31)

Fortescue Metals : The current Fibonacci Retraction levels are: (23.61%) $6.72: (38.2%) $5.55: (50%) $5.43: (61.8%) $5.31The current support levels are: (78.6%) $5.14: (100%) $4.92: (138.2%) $4.53: (161.8%) $4.29: (261.8%) $3.27: (423.61%) $1.62

Bollinger Bands /
Fortescue Metals : Price currently within Bollinger bands

[BULLISH]: Fortescue Metals is currently Oversold highlighting the potential for a short term trend reversal in the upward direction. The current level is 64.24% with a current width of 12.42.

FMG.AX: Current trading activity signals DVI distribution is active
Daily Volume Index /
FMG.AX: Current trading activity signals DVI distribution is active

[BEARISH]: Fortescue Metals (ASX:FMG) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -24730.

Fortescue Metals : 1.618 Fibonacci Extension ($5.31)
Fibonacci Extensions /
Fortescue Metals : 1.618 Fibonacci Extension ($5.31)

Fortescue Metals : The current Fibonacci Extension levels are: (23.61%) $6.72: (38.2%) $6.57: (50%) $6.45: (61.8%) $6.33The current support levels are: (78.6%) $6.16: (100%) $5.94: (138.2%) $5.55: (161.8%) $5.31: (261.8%) $4.29: (423.61%) $2.64

Fortescue Metals : Current trading activity signals OBV accumulation is present
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 693376.

MACD Volume /
Volume MACD oscillator remains positive for FMG

[BULLISH]: Fortescue Metals currently has positive Volume MACD of 118958. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Donchian Channels /
Oversold signal for the Lower Donchian Band is still current for Fortescue Metals

[BULLISH]: Fortescue Metals is currently bullish highlighting the potential for a short term trend continuation in the upward direction.

Rate of Change /
Positive ROC: Price is trading higher for Fortescue Metals than 14 days ago

FMG: ROC Recent Trading -> (1) 22 Mar: 3.13 (2) 21 Mar: 8.863 (3) 20 Mar: 4.95

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

FMG: EOM Current Signal -> (1) 22 Mar: BULLISH HARD (2) 21 Mar: BEARISH HARD (3) 20 Mar: BEARISH HARD

Drawdown for Fortescue Metals  is currently low signalling low stress
Ulcer Index /
Drawdown for Fortescue Metals is currently low signalling low stress

[BEARISH]: Fortescue Metals UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 3.101.

Tricklar Trend /
Fortescue Metals has maintained the Tricklar Uptrend

FMG: Tricklar Trend Current Signal -> (1) 22 Mar: BULLISH (2) 21 Mar: BULLISH (3) 20 Mar: BULLISH

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