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

Fortescue Metals
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Closing price for FMG ($4.59) signals buyers are now keener than sellers
Close Tod Vs Close Yest /
Closing price for FMG ($4.59) signals buyers are now keener than sellers

FMG: Recent performance signals ->(1) 22 Jun: BULLISH (2) 21 Jun: NEUTRAL (3) 20 Jun: BULLISH

Fortescue Metals  currently has negative momentum of -0.12
Momentum /
Fortescue Metals currently has negative momentum of -0.12

[BEARISH]: Fortescue Metals currently has negative momentum of -0.12 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is 0.9%.The largest downward momentum rally for the last 3 months is 12 days producing a return of -9.6%.

Simple Moving Average /
Simple Moving Average(5) signal is confirmed for Fortescue Metals indicating upward price movement is likely

[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 0.9%.

Exponential Moving Average /
Exponential Moving Average(5) signal is confirmed for Fortescue Metals indicating upward price movement is likely

[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 0.9%.

Low Price /
[Bearish]: Lower low has formed for FMG by -0.2 % during the last trading session

[BULLISH]: Fortescue Metals current downtrend in the first timeframe. Currently, the Low is $4.53 (-0.2 %).

Chaikin Money Flow /
CMF highlights continued positive divergence for Fortescue Metals

[BULLISH]: Fortescue Metals current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.11. FMG received a confirmed CMF crossover days on the Jun 20 2018. The bullish signal has been active for 1 day. During the quarter, the highest CMF value was 0.24 occurring on the Jun 20 2018.

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Pivot Points /
Pivot point for FMG is bullish. Stoploss should be positioned @$4.51

Fortescue Metals has broken the first resistance point ($4.61) [Bullish]. Look for a long limit order entry near this point. Exit price for FMG should be set @$4.63 & Stoploss for Fortescue Metals should be set between $4.51 & $4.49

Daily trading produced a reaction day for Fortescue Metals
Coles Reaction Day /
Daily trading produced a reaction day for Fortescue Metals

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

Fortescue Metals : Daily opening price is $4.56
Opening Price /
Fortescue Metals : Daily opening price is $4.56

[BULLISH]: Fortescue Metals opening price has gapped up. Currently, the OPEN is $4.56 (-0.2 %).

Percentage Volume /
Fortescue Metals : Percentage Volume Oscillator @-0.27 [Bearish Crossover]

[BEARISH CROSSOVER]: Fortescue Metals currently has negative PVO -0.27%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is 0%.

Woodie Pivot Point /
Fortescue Metals : Woodie Pivot ($4.575)

Fortescue Metals has broken the first Woodie resistance point ($4.62) [Bullish]. Look for a long limit order entry near this point. Exit price for FMG should be set @$4.635 & Stoploss for Fortescue Metals should be set at $4.515

Price Range /
Range for FMG has surpassed the range of the previous trading session

[BULLISH]: Fortescue Metals current uptrend in the first timeframe. Currently, the Range is $0.06.

FMG: Stochastic Oscillator has traded above the oversold limit @30.4
Stochastic Oscillator /
FMG: Stochastic Oscillator has traded above the oversold limit @30.4

FMG: Stochastic Oscillator Signal -> (1) 22 Jun: BULLISH CROSSUNDER (2) 21 Jun: BULLISH (3) 20 Jun: BULLISH

Volume is down & Money Flow Index is up confirming a Fake Day for FMG
Bill Williams Market Facilitation /
Volume is down & Money Flow Index is up confirming a Fake Day for FMG

FMG: BWMF Current Signal -> (1) 22 Jun: Fake Day (2) 21 Jun: Squat Day (3) 20 Jun: Fake Day

On Balance Volume /
Confirmation of Fortescue Metals is currently being distributed via OBV

[BEARISH]: Fortescue Metals current price has highlighted recent distribution. Currently, the OBV is -4.44215e+007.

MACD /
Fortescue Metals : MACD oscillator (-0.0162)

FMG: MACD Current Signal -> (1) 22 Jun: BEARISH (2) 21 Jun: BEARISH (3) 20 Jun: BEARISH

Ulcer Index /
Ulcer index has fallen as the price rises for Fortescue Metals

FMG: UIX Current Signal -> (1) 22 Jun: Low stress (2) 21 Jun: Low stress (3) 20 Jun: Low stress

[Downtrend]: Recent trading for FMG indicates ST trend is likely to continue
Triangular Moving Average /
[Downtrend]: Recent trading for FMG indicates ST trend is likely to continue

[BEARISH]: Fortescue Metals currently has a confirmed downtrend. Recent trading has caused the TMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is 0.9%.

Closing price for FMG is still below the lower envelope signalling a bullish movement
Moving Average Envelope /
Closing price for FMG is still below the lower envelope signalling a bullish movement

[BULLISH]: Fortescue Metals current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 4.4365.

Fortescue Metals : Daily performance is 0.9 % [Uptrend]
Closing Price /
Fortescue Metals : Daily performance is 0.9 % [Uptrend]

[BULLISH]: Fortescue Metals current uptrend in the first timeframe. Currently, the Close is $4.59.

MACD Volume /
Volume MACD for Fortescue Metals is now losing momentum @-18076

[BEARISH CROSSOVER]: Fortescue Metals currently has negative Volume MACD of -18076. This means the signal line is less than the Volume MACD line signalling a bearish movement.

Daily Volume Index /
Fortescue Metals : DVI(11897)

[BULLISH]: Fortescue Metals current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 11897.

Percentage Price /
PPO has negative momentum signalling a continuation of downward price fall for FMG

FMG: PPO Current Signal -> (1) 22 Jun: BEARISH (2) 21 Jun: BEARISH (3) 20 Jun: BEARISH

Weighted Moving Average /
[Uptrend]: Recent trading for FMG confirms bullish WMA(5) signal

[BULLISH]: Fortescue Metals currently has a confirmed uptrend. Recent trading has caused the WMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is 0.9%.

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

FMG: VROC Current Signal -> (1) 22 Jun: BEARISH (2) 21 Jun: BEARISH CROSSOVER (3) 20 Jun: BEARISH CROSSOVER

Sine Weighted Moving Average(5) signal is confirmed for Fortescue Metals  indicating upward price movement is likely
Sine Weighted Moving Average /
Sine Weighted Moving Average(5) signal is confirmed for Fortescue Metals indicating upward price movement is likely

[BULLISH]: Fortescue Metals currently has a confirmed uptrend. Recent trading has caused the SWMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is 0.9%.

Long White Candle /
FMG Basic Candle: Long White

[BULLISH]: Fortescue Metals has formed a Long White candlestick. This means, FMG has traded with strong buying pressure throughout the day adding strength to previous short term trends. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

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