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FORTESCUE METALS GROUP LTD (FMG.AX) - Buy, Sell or Hold?

Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Fri, 21 Apr 2017NonePiercing PatternWed, 19 Apr 20174.01%
***Stock database and scans are updated around midnight (Sydney time) every trading day.
5.45 0.00 (0%) Apr 21 6:10am AEST
Open: 5.36 Range: 5.34 - 5.48 Vol: 17K Avg Vol: 19.87M
EPS: 0.61 P/E ratio: 9.01 EBITDA: 4.52B Mkt Cap: 16.95B
Analyze "FMG.AX" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 5.29
Medium Term: Trend is Down
Last Trade is below the 20 day moving average at 5.87
Last Trade is below the 50 day moving average at 6.32
Long Term: Trend is Down
Last Trade is below the 200 day moving average at 5.68
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of FMG.AX

Stock Trend Analysis - Buy, Sell or Hold "FORTESCUE METALS GROUP LTD" (FMG.AX)?

Although FMG.AX is currently trading below its 200 day moving average, it is prudent to note that in the last 52 weeks, FMG.AX has been trading above the 200 day moving average for 83% of the time with an average daily volume of 19.9M shares changing hands. This could portend a sustained reversal in trend, or just a slight bump in the road prior to resuming its bullish bias.The 50 day moving average indicates a medium term trading range with a bullish upside inclination. The 20 day moving average is however displaying a very bearish bias. FMG.AX may be due for an oversold bounce, but objectively, as long as FMG.AX is trading below its 200 SMA, rallies will be sold into. Technically there are too many uncertainties to recommend a buy on this stock at this moment. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "FMG.AX".
Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Fri, 21 Apr 2017
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