FMG | Australian Securities Exchange

Fortescue Metals
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Negative VROC for FMG is a leading indicator for continued price fall
Volume Rate of Change /
Negative VROC for FMG is a leading indicator for continued price fall

[BEARISH]: Fortescue Metals currently has negative rate of change of -30%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is 3.8%.

Price continues to trade below the Simple Moving Average(15) for FMG
Simple Moving Average /
Price continues to trade below the Simple Moving Average(15) for FMG

FMG: SMA(15) Current Signal -> (1) 16 Nov: BEARISH (2) 15 Nov: BEARISH (3) 14 Nov: BEARISH CROSSOVER

Open Tod Vs Close Tod /
FMG: Over the last month there has been 1 trading days giving a confirmation ratio of 8.3%.

[BULLISH STRONG]: Fortescue Metals opened in the lower part of daily range at 0% & closed in the upper part of the trading range at 91.7%. This suggests the buyers were in control all day. Over the last 12 months there has been 1 trading days with the opening price in the lower shadow & the closing the price in the upper shadow giving a confirmation ratio of 0.4%. Over the last month there has been 1 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 8.3%.

Demarks Pivot Points /
Fortescue Metals has moved above the R1 DeMark pivot point ($4.0975) [Bullish]

Fortescue Metals has broken the first DeMark resistance point ($4.0975) [Bullish]. Look for a long limit order entry near this point. Exit price for FMG should be set @$4.185 & Stoploss for Fortescue Metals should be set at $4.065

Two White Soldiers /
Fortescue Metals : Two White Soldiers

[BULLISH]: Fortescue Metals has formed a new Two White Soldiers pattern.

Chaikin Money Flow /
Buying pressure for Fortescue Metals continues - bullish signal

[BULLISH]: Fortescue Metals current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.19. Fortescue Metals (ASX:FMG) received a confirmed CMF crossover days on the Oct 26 2018. The bullish signal has been active for 0 day. During the quarter, the highest CMF value was 0.3 occurring on the Oct 26 2018.

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Morning Star /
Fortescue Metals : Morning Star

FMG: Star Candlestick Current Signal -> (1) 16 Nov: BULLISH (2) 15 Nov: NEUTRAL (3) 14 Nov: NEUTRAL

Fortescue Metals : Aroon oscillator (40) has confirmed an uptrend is present
Aroon Oscillator /
Fortescue Metals : Aroon oscillator (40) has confirmed an uptrend is present

[BULLISH]: Fortescue Metals has a current ARO(25) of 40. This has change 0 points from yesterday.

Closing price for FMG is still below the lower Donchian Band signalling a bullish movement
Donchian Channels /
Closing price for FMG is still below the lower Donchian Band signalling a bullish movement

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

Woodie Pivot Point /
Fortescue Metals : Woodie Pivot ($4.095)

Fortescue Metals current pivot point (Woodie) is: $4.095. The current resistance levels are: (R1) $4.18: (R2) $4.215The current support levels are: (S1) $4.06: (S2) $3.975

Detrended Price Oscillator /
Price is currently above the displaced moving average for FMG [Bullish]

[BULLISH]: Fortescue Metals currently has a confirmed uptrend. Price is currently above the displaced moving average for FMG. Currently, the return on DPO20 is 3.8%.

Ease of Movement /
Fortescue Metals was difficult to move upward due to high volume in recent trading [Bullish]

[BULLISH]: Fortescue Metals current price have moved upwards on high volume. Currently, the Ease of Movement is 0.103

Accumulation still active for Fortescue Metals
Accumulation / Distribution /
Accumulation still active for Fortescue Metals

[BULLISH]: Fortescue Metals (ASX:FMG) current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the ADLINE is 4.7036e+006.

FMG.AX: Current trading activity signals DVI accumulation is active
Daily Volume Index /
FMG.AX: Current trading activity signals DVI accumulation is active

[BULLISH]: Fortescue Metals (ASX:FMG) current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 40227.

Fibonacci Retracements /
Fortescue Metals : 0.618 Fibonacci Retraction (3.16)

Fortescue Metals : The current Fibonacci Retraction levels are: (23.61%) $4.14: (38.2%) $3.33: (50%) $3.25: (61.8%) $3.16The current support levels are: (78.6%) $3.05: (100%) $2.9: (138.2%) $2.63: (161.8%) $2.46: (261.8%) $1.75: (423.61%) $0.61

Pivot Points /
Fortescue Metals : Pivot Point ($4.087)

Fortescue Metals current pivot point is: 4.087. The current resistance levels are: (R2) $4.207: (R2) $4.207: (R3) $4.284: The current support levels are: (S1) $4.044: (S2) $3.967: (S3) $3.924

Bollinger Bands /
Initiation of oversold signal for Fortescue Metals

[BULLISH CROSSOVER]: Fortescue Metals has initiated an oversold signal, highlighting the potential for a short term trend reversal in the upward direction. The current level is 59.05% with a current width of 17.44.

The current price is still gaining momentum through a rise for FMG on the short term EMA.
Percentage Price /
The current price is still gaining momentum through a rise for FMG on the short term EMA.

FMG: PPO Current Signal -> (1) 16 Nov: BULLISH (2) 15 Nov: BULLISH (3) 14 Nov: BULLISH

[Buying Pressure]: ERI has increased for Fortescue Metals  during the last trading session
Elder Ray Index /
[Buying Pressure]: ERI has increased for Fortescue Metals during the last trading session

[BULLISH]: Fortescue Metals Elder Ray Index is signalling a Bullish movementERI is 0.028 indicating bull power. Prices are being driven above the consensus of value for FMG during the last trading session [Buying Pressure]

The longest consecutive upswing rally over the last 12 months has been 5 days giving a total rally upward movement of 11.1%
Close Tod Vs Close Yest /
The longest consecutive upswing rally over the last 12 months has been 5 days giving a total rally upward movement of 11.1%

[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 3.8 & the greatest daily positive change this year has been 5.7. The longest consecutive upswing rally over the last 12 months has been 5 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 1.3x. Over the last month the average daily upward movement has been 1.200000%

White Opening Marubozu /
FMG Basic Candle: White Opening Marubozu

[BULLISH]: Fortescue Metals has formed a White Opening Marubozu candlestick. This means, FMG has received strong buying confidence and upward price movement over the trading day with only a small upper shadow present. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

Tricklar Trend /
Fortescue Metals : Tricklar trend Uptrend remains intact

[BULLISH]: Fortescue Metals has a Tricklar uptrend confirmation. This was confirmed through a price breakout on the Nov 15 2018.

On Balance Volume /
FMG.AX: Current trading activity signals OBV accumulation is active

FMG: OBV Current Signal ->(1) 16 Nov: BULLISH (2) 15 Nov: BULLISH (3) 14 Nov: BULLISH

Bill Williams Market Facilitation /
Market movement continuation likely for FMG as a result of Fake Day

Fortescue Metals Currently is a confirmed Fake Day. MFI indicator is up, volume is down for FMG. Trend continuation possible for FMG from reduced trading activity.

Fortescue Metals : Triangular Moving Average(15) (3.99)
Triangular Moving Average /
Fortescue Metals : Triangular Moving Average(15) (3.99)

FMG: TMA Current Signal -> (1) 16 Nov: BULLISH (2) 15 Nov: BULLISH (3) 14 Nov: BULLISH

Expanding price range of 4.3% on an uptick day for Fortescue Metals
Range Tod Vs Range Yest /
Expanding price range of 4.3% on an uptick day for Fortescue Metals

FMG: Range today versus range yesterday Current Signal ->(1) 16 Nov: BULLISH (2) 15 Nov: BEARISH (3) 14 Nov: BULLISH

Fibonacci Fans /
Fortescue Metals : 0.618 Fibonacci Fan ($3.62)

Fortescue Metals : The current Fibonacci Fan levels are: (23.61%) $4.75: (38.2%) $3.82: (50%) $3.73: (61.8%) $3.62The current support levels are: (78.6%) $3.5: (100%) $3.32: (138.2%) $3.01: (161.8%) $2.82: (261.8%) $2.01: (423.61%) $0.7

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