FMG | Australian Securities Exchange

Fortescue Metals
+ Share

Open/close reversal confirmed for Fortescue Metals  signalling the buyers have lost commitment
Open Tod Vs Close Tod /
Open/close reversal confirmed for Fortescue Metals signalling the buyers have lost commitment

[BULLISH WEAK]: Fortescue Metals opened in the lower part of daily range at 11.1% & closed in the middle part of the trading range at 66.7%. This suggests the buyers have lost commitment. Over the last 12 months there has been 2 trading days with the opening price in the lower shadow & the closing the price in the middle shadow giving a confirmation ratio of 0.8%. Over the last month there has been 2 trading days with the opening price in the lower price range & the closing the price in the middle price range giving a confirmation ratio of 40%.

Confirmation of Fortescue Metals  is currently being distributed via DVI
Daily Volume Index /
Confirmation of Fortescue Metals is currently being distributed via DVI

[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 -23925.

Simple Moving Average /
[Bullish]: SMA(15) is serving as a support line for Fortescue Metals

FMG: SMA Recent Trading -> (1) 07 Dec: 4.0173 (2) 06 Dec: 4.0207 (3) 05 Dec: 4.0153

Close Tod Vs Close Yest /
Closing price for Fortescue Metals has seen buyers win the daily battle for performance @ 0.5%

[BULLISH]: Fortescue Metals buyers are currently keener than sellers and are driving the price up. This is the first day of price rise for FMG adding strength to an uptrend change in the first timeframe. The biggest upward movement this month has been 4.3 & the greatest daily positive change this year has been 5.7. The longest consecutive upswing rally over the last 12 months has been 4 days giving a total rally upward movement of 11.1%. This quarter, the largest upswing rally has been 4 days giving a total rally upward movement of 11.1%. The win ratio for price rise in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 1x. Over the last month the average daily upward movement has been 2.400000%

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 57.65% with a current width of 10.36.

Elder Ray Index /
[Bullish]: Recent trading has driven price above the consensus of value for FMG

[BULLISH]: Fortescue Metals Elder Ray Index is signalling a Bullish movementERI is 0.051 indicating bull power. Prices are being driven above the consensus of value for FMG during the last trading session [Buying Pressure]

FMG: Short term trend has confirmed a reaction day
Coles Reaction Day /
FMG: Short term trend has confirmed a reaction day

Fortescue Metals : Coles Reaction Day has been confirmed A lower low has been achieved for last trading day for FMG

Fibonacci Retracements /
Fortescue Metals : 0.618 Fibonacci Retraction (4.09)

Fortescue Metals : The current Fibonacci Retraction levels are: (23.61%) $3.89: (38.2%) $3.97: (50%) $4.03: (61.8%) $4.09The current support levels are: (78.6%) $4.18: (100%) $4.29: (138.2%) $4.49: (161.8%) $4.61: (261.8%) $5.14: (423.61%) $5.99

Fortescue Metals  has maintained the Tricklar Uptrend
Tricklar Trend /
Fortescue Metals has maintained the Tricklar Uptrend

[BULLISH]: Fortescue Metals is in an uptrend based on the Tricklar trend. & the highest rally count for the LTM is 65. The highest rally for the month is 5

Stoploss for Fortescue Metals  should be set between $3.9700 & $3.93
Pivot Points /
Stoploss for Fortescue Metals should be set between $3.9700 & $3.93

Fortescue Metals has broken the first resistance point ($4.15) [Bullish]. Look for a long limit order entry near this point. Exit price for FMG should be set @$4.15 & Stoploss for Fortescue Metals should be set between $3.97 & $3.93

Detrended Price Oscillator /
Fortescue Metals : Detrended Price Oscillator(20) is -0.022

[BEARISH]: Fortescue Metals currently has a confirmed downtrend. Price is currently below the displaced moving average for FMG. Currently, the return on DPO20 is 0.5%.

Fibonacci Fans /
Fortescue Metals : 0.618 Fibonacci Fan ($6.61)

Fortescue Metals : The current Fibonacci Fan levels are: (23.61%) $6.28: (38.2%) $6.41: (50%) $6.51: (61.8%) $6.61The current support levels are: (78.6%) $6.75: (100%) $6.93: (138.2%) $7.25: (161.8%) $7.45: (261.8%) $8.3: (423.61%) $9.68

Accumulation / Distribution /
Recent trading signals Fortescue Metals is being distributed

[BEARISH]: Fortescue Metals (ASX:FMG) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -2.73284e+006.

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 10900.4.

Fortescue Metals : MACD oscillator (0.0136)
MACD /
Fortescue Metals : MACD oscillator (0.0136)

[BULLISH]: Fortescue Metals currently has positive MACD of 0.0136. This means the signal line is greater than the MACD line signalling a bullish movement.

Sine Weighted Moving Average /
Price continues to trade above the Sine Weighted Moving Average(15) for FMG

FMG: SWMA Current Signal -> (1) 07 Dec: BULLISH (2) 06 Dec: BULLISH (3) 05 Dec: BULLISH

Close Tod Vs Range Tod /
The daily battle of control for Fortescue Metals was won by the buyers

[BULLISH]: Fortescue Metals buyers are in control at the market close. This is the first day of buyer commitment for Fortescue Metals adding strength to an uptrend in the first timeframe & highlights the commitment of buyers to carry positions overnight. Over the last 12 months there has been 3 trading days with the closing price in the upper part of the range giving a confirmation ratio of 1.1%. Over the last month there has been 2 trading days with the closing price in the upper range giving a confirmation ratio of 40%. Currently this quarter, closing price has spent 3 days in the upper price range compared to 3 days in the lower range giving a ratio of 1x.

Supertrend /
Daily trading has confirmed a Supertrend downtrend (4.2085) for Fortescue Metals

[BEARISH]: Fortescue Metals has a current Supertrend of 4.2085. This has change 0 points from yesterday.

Ulcer index has increased in stress level & high drawdown is expected for FMG
Ulcer Index /
Ulcer index has increased in stress level & high drawdown is expected for FMG

[BULLISH]: Fortescue Metals UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 5.94.

Fortescue Metals : Price Percentage Oscillator (0.408)
Percentage Price /
Fortescue Metals : Price Percentage Oscillator (0.408)

[BULLISH]: Fortescue Metals currently has positive PPO 0.408%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Fortescue Metals : DeMark Pivot ($4.07)
Demarks Pivot Points /
Fortescue Metals : DeMark Pivot ($4.07)

Fortescue Metals current pivot point (DeMark) is: (R1) $4.13. The current pivot point (DeMark) is: (S1) $4.04.

Percentage Volume /
Volume for Fortescue Metals continues to lose momentum @-7.37)

[BEARISH]: Fortescue Metals currently has negative PVO -7.37%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is 0.5%.

Ease of Movement /
Price was difficult to move downward in recent trading on high volume causing an downtrend in price for FMG

FMG: EOM Current Signal -> (1) 07 Dec: BEARISH HARD (2) 06 Dec: BEARISH HARD (3) 05 Dec: BEARISH HARD

Weighted Moving Average /
Weighted Moving Average(15) signal continues for Fortescue Metals indicating upward price movement is likely

[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 0.5%.

Volume Rate of Change /
14-day volume rate of change is decreasing for Fortescue Metals

[BEARISH]: Fortescue Metals currently has negative rate of change of -5%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is 0.5%.

Donchian Band Oversold signal is still current for Fortescue Metals  [Bullish]
Donchian Channels /
Donchian Band Oversold signal is still current for Fortescue Metals [Bullish]

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

Limit order for a long position has been identified for Fortescue Metals  [Bullish]
Woodie Pivot Point /
Limit order for a long position has been identified for Fortescue Metals [Bullish]

Fortescue Metals has broken the first Woodie resistance point ($4.153) [Bullish]. Look for a long limit order entry near this point. Exit price for FMG should be set @$4.153 & Stoploss for Fortescue Metals should be set at $3.973

MACD Volume /
Fortescue Metals : Volume MACD @-1.95718e+006 [Bearish]

[BEARISH]: Fortescue Metals currently has negative Volume MACD of -1.95718e+006. This means the signal line is less than the Volume MACD line signalling a bearish movement.

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