Fortescue Metals (FMG.AX)
MARKET FACILITATION INDEX
Trading: REDUCE @ $7.6
Signal Strength: MEDIUM
Volatility indicators highlight potential moves of a stock which can either move sharply in the updwards or downwards direction. This indicator allows stocks to be compared on a level playing field to highlight high and low volatility. Normally, falling markets are more likely to be volatile than a rising markets due to the emotion that gets tied to trading. Use volatility indicators in conjunction with other indicators to reduce exposure to false moves.
Fortescue Metals (ASX:FMG) Currently is a confirmed Squat Day.
The Market Facilitation Index is designed for evaluation the willingness of the market to move the price. The indicators absolute values alone cannot provide any trading signals unlike its dynamics in relation to the dynamics of the volume.
Calculation: Bill Williams Market Facilitation Index:
1) Green bar - both MFI and volume are up. Increasing trading activity means market movement acceleration;
2) Blue bar - MFI indicator is up volume is down. The movement is continuing although the volume has dropped. The trend will soon be reversing;
3) Pink bar - MFI indicator is down volume is up. The slowing down movement while volume is raising may indicate a possible break through often a U-turn;
4) Brown bar - both MFI and volume are down. The market is no longer interested in the current direction and is looking for signs of a future development;
PROFILE: Fortescue Metals (FMG.AX)
Stock Exchange: ASX
Company: Fortescue Metals
Ticker Codes: | FMG.AX | 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.
Bill Williams Market IndexDownload
|CLQ Clean Teq Holdings||0.35||6.1||952,642||-1||BEARISH|
|CKF Collins Foods||7.62||5.2||433,211||-1||BEARISH|
|DCN Dacian Gold||2.15||4.4||1,372,307||-1||BEARISH|
|GBT Gbst Holdings||2.65||4.3||90,949||-1||BEARISH|
|SNL Supply Network||3.76||4.2||4,596||-1||BEARISH|
|HFR Highfield Resources||0.78||4||75,707||-1||BEARISH|
|ADA Adacel Technologies||0.72||3.6||123,303||-1||BEARISH|