Fortescue Metals (FMG)

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Fortescue Metals (FMG): Signals

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TECHNICAL ANALYSIS SUMMARY


The Donchian channel is a useful indicator for seeing the volatility of a market price. If a price is stable the Donchian channel will be relatively narrow. If the price fluctuates a lot the Donchian channel will be wider. The two outer bands are plotted as the highest high and lowest low for a set period originally 20 days with the optional middle band calculated as the average of the two.

Calculation: Donchian Channels:
1) Upper Channel = 20 Day High;
2) Lower Channel = 20 Day Low;
3) Middle Channel = (20 Day High + 20 Day Low)/2;


PROFILE: Fortescue Metals (FMG.AX)


Stock Exchange: ASX
Company: Fortescue Metals
Ticker Codes: | FMG.AX | ASX:FMG |

About Fortescue Metals (ASX:FMG):

Fortescue Metals Group Limited engages in the exploration, development, production, processing, and sale of iron ore in Australia, China, and internationally. It owns and operates the Chichester Hub that consists of the Cloudbreak and Christmas Creek mines located in the Chichester Ranges; and the Solomon Hub comprising the Firetail and Kings Valley mines located in the Hamersley Ranges of Pilbara, Western Australia. The company was founded in 2003 and is based in East Perth, Australia.

Top 10:

Donchian Channels

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ISD Isentia 0.34 3.1 2,009,476 50 BULLISH
SPO Spotless Holdings 1.74 2.4 47,148 46.3 BULLISH
SKI Spark Infrastructure 2.37 2.2 4,089,518 47.67 BULLISH
WLL Wellcom 5.08 2.2 420 43.94 BULLISH
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