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

Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Wed, 18 Jan 2017NoneMorning StarMon, 12 Dec 2016-10.82%
***Stock database and scans are updated around midnight (Sydney time) every trading day.
6.10 0.00 (0%) Jan 18 8:10am AEST
Open: 6.14 Range: 5.99 - 6.14 Vol: 14.69M Avg Vol: 18.03M
EPS: 0.32 P/E ratio: 19.30 EBITDA: 3.15B Mkt Cap: 18.99B
Analyze "FMG.AX" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 6.21
Medium Term: Trading is Range Bound
Last Trade is above the 20 day moving average at 6.01
Last Trade is below the 50 day moving average at 6.13
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 4.65
* 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)?

FMG.AX is in a very strong uptrend. In the last 52 weeks, FMG.AX has been trading above the 200 day moving average for 92% of the time with an average daily volume of 18M shares being traded. In the medium term, the 50 day moving average, currently at 6.13 for FMG.AX is also very bullish, indicating good swing trading opportunities for longs. The 20 day moving average is however indicating a predominance of range bound trading but still with a bullish bias. FMG.AX may experience some profit taking due to its strong performance thus far, so it may be prudent to lighten up on strength or sudden upward momentum. A good area to re-enter FMG.AX is near the 200 SMA currently at 4.65. 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 - Wed, 18 Jan 2017
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