FMG | Australian Securities Exchange

Fortescue Metals
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Fortescue Metals : Rate of Change (14) Crossover
Rate of Change /
Fortescue Metals : Rate of Change (14) Crossover

FMG: ROC Current Signal -> (1) 21 Sep: BULLISH CROSSOVER (2) 20 Sep: BEARISH (3) 19 Sep: BEARISH

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

[BULLISH]: Fortescue Metals currently has a confirmed uptrend. Recent trading has caused the EMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on EMA15 is 4.2%.

Percentage Price /
Fortescue Metals : Price Percentage Oscillator (-2.579)

[BEARISH]: Fortescue Metals currently has negative PPO -2.579%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Momentum /
14-day momentum is now increasing for Fortescue Metals

[BULLISH CROSSOVER]: Fortescue Metals currently has positive momentum of 0.27. This means the current price is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is 4.2%. The largest upward momentum rally for the last 3 months is 1 days producing a return of 0%.

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

[BULLISH STRONG]: Fortescue Metals opened in the lower part of daily range at 5.7% & closed in the upper part of the trading range at 85.7%. This suggests the buyers were in control all day. 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 upper 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 upper price range giving a confirmation ratio of 13.3%.

Close Tod Vs Range Tod /
Daily trading for FMG indicated buyers are still in control

FMG: Close versus price range Current Signal ->(1) 21 Sep: BULLISH (2) 20 Sep: BULLISH (3) 19 Sep: BULLISH

[Bullish]: Elder Ray Index is 0.227 indicating bull power
Elder Ray Index /
[Bullish]: Elder Ray Index is 0.227 indicating bull power

FMG: Elder Ray Index Current Signal -> (1) 21 Sep: BULLISH (2) 20 Sep: BULLISH (3) 19 Sep: BULLISH

Accumulation / Distribution /
FMG: Current trading activity signals 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 ADLINE is -1.03323e+008.

Fortescue Metals  currently has positive volume rate of change for 93
Volume Rate of Change /
Fortescue Metals currently has positive volume rate of change for 93

[BULLISH]: Fortescue Metals currently has positive volume of change of 93%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is 4.2%.

Triangular Moving Average(15) signal is confirmed for Fortescue Metals  indicating upward price movement is likely
Triangular Moving Average /
Triangular Moving Average(15) 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 TMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on TMA15 is 4.2%.

Average True Range /
[Uptrend]: Average True Range @0.123 has confirmed an uptrend for FMG

[Bullish]: Average True Range has confirmed an uptrend is present. Fortescue Metals has a TR of 0.185, and an ATR(14) of 0.123.

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 80.01% with a current width of 17.73.

MACD Volume /
Fortescue Metals : Volume MACD oscillator (1.46706e+006)

[BULLISH]: Fortescue Metals currently has positive Volume MACD of 1.46706e+006. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

The biggest upward movement for Fortescue Metals  this month has been 4.7
Close Tod Vs Close Yest /
The biggest upward movement for Fortescue Metals this month has been 4.7

FMG: Recent performance signals ->(1) 21 Sep: BULLISH (2) 20 Sep: NEUTRAL (3) 19 Sep: BULLISH

Long positions for Fortescue Metals  should be set between $3.919 & $4.094
Woodie Pivot Point /
Long positions for Fortescue Metals should be set between $3.919 & $4.094

Fortescue Metals has broken the first Woodie resistance point ($4.094) [Bullish]. Look for a long limit order entry near this point. Exit price for FMG should be set @$4.094 & Stoploss for Fortescue Metals should be set at $3.744

Williams %R /
William %R Overbought signal continues for Fortescue Metals indicating downward price movement is likely

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

Simple Moving Average /
Fortescue Metals : Closing price $3.95 is above the SMA(15) @$3.676

FMG: SMA(15) Current Signal -> (1) 21 Sep: BULLISH (2) 20 Sep: BULLISH (3) 19 Sep: BULLISH CROSSOVER

Sine Weighted Moving Average /
Sine 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 SWMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SWMA15 is 4.2%.

Fortescue Metals  continues negative divergence & potential shift in direction
Chaikin Money Flow /
Fortescue Metals continues negative divergence & potential shift in direction

[BEARISH]: Fortescue Metals current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.09. Fortescue Metals (ASX:FMG) received a confirmed CMF crossover days on the Jun 4 2018. The bearish signal has been active for 0 day. During the quarter, the lowest CMF value was -0.29 occurring on the Jun 4 2018.

Fortescue Metals : Direction, extent & volume have increased in recent trading [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 592412.

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

Fortescue Metals has broken the first resistance point ($4.083) [Bullish]. Look for a long limit order entry near this point. Exit price for FMG should be set @$4.083 & Stoploss for Fortescue Metals should be set between $3.733 & $3.666

Long Trend /
Fortescue Metals : 3rd timeframe trend Uptrend remains intact

FMG: Long Term Trend Current Signal -> (1) 21 Sep: BULLISH (2) 20 Sep: BULLISH (3) 19 Sep: BULLISH

Ease of Movement /
Price moved on high volume to close higher for the day for FMG [Difficult to Move]

FMG: EOM Recent Trading -> (1) 21 Sep: 0.073 (2) 20 Sep: 0.004 (3) 19 Sep: 0.089

Demarks Pivot Points /
DeMark pivot point for FMG is bullish. Stoploss should be positioned @$3.875

Fortescue Metals current pivot point (DeMark) is: (R1) $4.05. The current pivot point (DeMark) is: (S1) $3.875.

Bill Williams Market Facilitation /
Trend continuation likely for FMG from increased trading activity

Fortescue Metals Currently is a confirmed Green Day. Both MFI & volume are down for FMG. Trend continuation likely for FMG from increased trading activity.

Fortescue Metals : On Balance Volume (-1.21276e+008)
On Balance Volume /
Fortescue Metals : On Balance Volume (-1.21276e+008)

[BEARISH]: Fortescue Metals current price has highlighted recent distribution. Currently, the OBV is -1.21276e+008.

Fortescue Metals  is in a short term uptrend with the closing price @$3.95
Weighted Moving Average /
Fortescue Metals is in a short term uptrend with the closing price @$3.95

[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 4.2%.

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

FMG: UIX Current Signal -> (1) 21 Sep: High stress (2) 20 Sep: High stress (3) 19 Sep: High stress

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