FMG | Australian Securities Exchange

Fortescue Metals
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Fortescue Metals : 0.618 Fibonacci Retraction (5.31)
Fibonacci Retracements /
Fortescue Metals : 0.618 Fibonacci Retraction (5.31)

Fortescue Metals : The current Fibonacci Retraction levels are: (23.61%) $6.72: (38.2%) $5.55: (50%) $5.43: (61.8%) $5.31The current support levels are: (78.6%) $5.14: (100%) $4.92: (138.2%) $4.53: (161.8%) $4.29: (261.8%) $3.27: (423.61%) $1.62

Fortescue Metals  has broken the first DeMark resistance point ($6.5075) [Bullish]
Demarks Pivot Points /
Fortescue Metals has broken the first DeMark resistance point ($6.5075) [Bullish]

Fortescue Metals has broken the first DeMark resistance point ($6.5075) [Bullish]. Look for a long limit order entry near this point. Exit price for FMG should be set @$6.645 & Stoploss for Fortescue Metals should be set at $6.44

Stochastic Oscillator /
Fortescue Metals : Stochastic Oscillator (46.4)

FMG: Stochastic Oscillator Signal -> (1) 21 Mar: NEUTRAL (2) 20 Mar: BULLISH CROSSUNDER (3) 19 Mar: BULLISH

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

Fortescue Metals has broken the first Woodie resistance point ($6.696) [Bullish]. Look for a long limit order entry near this point. Exit price for FMG should be set @$6.696 & Stoploss for Fortescue Metals should be set at $6.286

Donchian Channels /
Oversold signal for the Lower Donchian Band is still current for Fortescue Metals

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

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

[BEARISH]: Fortescue Metals currently has a confirmed downtrend. Recent trading has caused the SWMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA15 is 2.4%.

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Percentage Price /
PPO: The shorter moving average for FMG is still above the longer term moving average

[BULLISH]: Fortescue Metals currently has positive PPO 2.852%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Daily bar has confirmed has confirmed an Aroon uptrend is intact for FMG
Aroon Oscillator /
Daily bar has confirmed has confirmed an Aroon uptrend is intact for FMG

[BULLISH]: Fortescue Metals has a current ARO(25) of 48. This has change 0 points from yesterday.

Fortescue Metals  has moved above the R2 pivot point ($6.69) [Bullish]
Pivot Points /
Fortescue Metals has moved above the R2 pivot point ($6.69) [Bullish]

Fortescue Metals current pivot point is: 6.485. The current resistance levels are: (R2) $6.69: (R2) $6.69: (R3) $6.805: The current support levels are: (S1) $6.395: (S2) $6.28: (S3) $6.19

Bull Harami /
Fortescue Metals : Bull Harami

[BULLISH]: Fortescue Metals has formed a new Bull Harami reversal pattern.

Close Tod Vs Range Tod /
The daily battle of control for Fortescue Metals was won by the buyers

[BULLISH]: Fortescue Metals buyers are in control at the market close. This is the first day of buyer commitment for Fortescue Metals adding strength to an uptrend in the first timeframe & highlights the commitment of buyers to carry positions overnight. Over the last 12 months there has been 2 trading days with the closing price in the upper part of the range giving a confirmation ratio of 0.8%. Over the last month there has been 2 trading days with the closing price in the upper range giving a confirmation ratio of 13.3%. Currently this quarter, closing price has spent 2 days in the upper price range compared to 4 days in the lower range giving a ratio of 0.5x.

Ease of Movement /
FMG was difficult to move downward during the last trading day indicating a ST downtrend

FMG: EOM Current Signal -> (1) 21 Mar: BEARISH HARD (2) 20 Mar: BEARISH HARD (3) 19 Mar: BULLISH HARD

Open/close reversal confirmed for Fortescue Metals  signalling the buyers were in control all day.
Open Tod Vs Close Tod /
Open/close reversal confirmed for Fortescue Metals signalling the buyers were in control all day.

FMG: Open today versus close yesterday Current Signal ->(1) 21 Mar: BULLISH STRONG (2) 20 Mar: BEARISH STRONG (3) 19 Mar: BEARISH STRONG

[Long]: Exit price for FMG should be set @$7.591
Camarilla Pivot Points /
[Long]: Exit price for FMG should be set @$7.591

Fortescue Metals current pivot point Camarilla is: $6.485. The current resistance levels are: (R1) $7.05: (R2) $7.591: (R3) $8.131: (R4) $9.753The current support levels are: (S1) $5.97: (S2) $5.429: (S3) $4.889: (S4) $3.268

Tricklar Trend /
Tricklar trend of Fortescue Metals remains as an Uptrend

[BULLISH]: Fortescue Metals is in an uptrend based on the Tricklar trend. The current rally number is 12 & the highest rally count for the LTM is 48. The highest rally for the month is 15

Momentum /
Positive momentum: Price is trading higher for Fortescue Metals than 14 days ago

[BULLISH]: Fortescue Metals currently has positive momentum of 0.53. This means the current price is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is 2.4%. The largest upward momentum rally for the last 3 months is 7 days producing a return of 4.7%.

Triangular Moving Average /
The TMA trend following signal is now active for Fortescue Metals [Bullish]

[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 2.4%.

FMG Basic Candle: Short White
Short White Candle /
FMG Basic Candle: Short White

[BULLISH WEAK]: Fortescue Metals has formed a Short White candlestick. This means, FMG has limited price movement derived from weak buying pressure. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

[Low Stress]: Low drawdown associated with recent trading of FMG
Ulcer Index /
[Low Stress]: Low drawdown associated with recent trading of FMG

[BEARISH]: Fortescue Metals UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 3.189.

Recent trading highlights continued buying pressure is present for FMG
Elders Force Index /
Recent trading highlights continued buying pressure is present for FMG

[BULLISH]: Fortescue Metals current price has highlighted recent buying pressure. Currently, the Elders Force Index is 75164.

Accumulation / Distribution /
Fortescue Metals is being actively distributed

[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 -5.33117e+006.

Fibonacci Extensions /
Fortescue Metals : 1.618 Fibonacci Extension ($5.31)

Fortescue Metals : The current Fibonacci Extension levels are: (23.61%) $6.72: (38.2%) $6.57: (50%) $6.45: (61.8%) $6.33The current support levels are: (78.6%) $6.16: (100%) $5.94: (138.2%) $5.55: (161.8%) $5.31: (261.8%) $4.29: (423.61%) $2.64

Percentage Volume /
Volume is still below the short term EMA for FMG [Bearish]

[BEARISH]: Fortescue Metals currently has negative PVO -2.63%. The recent volume is losing momentum through a fall on the short term exponential moving average.

Simple Moving Average /
[Bullish]: SMA(15) is serving as a support line for Fortescue Metals

[BULLISH]: Fortescue Metals currently has a confirmed uptrend. Recent trading has caused the SMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SMA15 is 2.4%.

Fortescue Metals : 0.618 Fibonacci Fan ($5.51)
Fibonacci Fans /
Fortescue Metals : 0.618 Fibonacci Fan ($5.51)

Fortescue Metals : The current Fibonacci Fan levels are: (23.61%) $6.97: (38.2%) $5.76: (50%) $5.63: (61.8%) $5.51The current support levels are: (78.6%) $5.33: (100%) $5.11: (138.2%) $4.7: (161.8%) $4.45: (261.8%) $3.39: (423.61%) $1.68

Volume Rate of Change /
14-day volume rate of change is now increasing for Fortescue Metals

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

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