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Fortescue Ltd

FMG.AX Technical Analysis Summary (ASX)

Analyze FMG.AX on the ASX with RSI, MACD, ADX, Bollinger Bands, support, resistance, momentum, and the latest technical trading signals.

FMG.AX●ASX
Basic MaterialsIndustrial Materials
$15.18
$0.99(6.98%)
Australian Market opens in 53h 2m

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

FMG.AX Technical Analysis Summary (ASX)

Fortescue Ltd (ASX: FMG.AX) stock currently shows a bullish trend on the ASX, supported by momentum and strong buying pressure.

Overall Sentiment:Buy
Momentum:Neutral to Bullish (RSI: 54.48)
Trend Strength:Very Strong (ADX: 40.60)
Volatility:Medium (ATR: 0.42)
Support/Resistance:$13.90 – $15.84 (Bollinger Bands)

Technical conditions suggest Fortescue Ltd on the ASX is awaiting a decisive move. Overall, Fortescue Ltd remains neutral, with indicators showing mixed momentum.

Momentum Indicators

RSI (14): 54.48

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 42.68

Neutral
Mid-range signal with no clear trend.

Williams %R: -0.69

Bearish
Overbought levels may trigger correction.

Rate of Change (ROC): 1.97

Bullish
Steady upward momentum.

Takeaway:Fortescue Ltd shows steady upward momentum, supported by improving signals.

Trend & Volatility

MACD: -0.42

Bearish
Bearish, trend momentum is strengthening to the downside.

ADX: 40.60

Very Strong
Very strong trend, powerful directional momentum.

ATR (14): 0.42

Low
Low volatility, stable price action.

CCI (14): 97.96

Bullish
Bullish, momentum building upward.

Takeaway:Fortescue Ltd shows a firm trend supported by momentum, though one signal suggests caution.

Support & Resistance indicators
Bollinger Bands
Upper Band
$15.84
Middle Band (SMA 20)
$14.87
Lower Band
$13.90
Current Position
Within Bands

Takeaway:Fortescue Ltd trades closer to resistance, supported by stronger momentum within bands.

Keltner Channels
Upper Channel
$15.79
Middle Line (EMA 20)
$14.95
Lower Channel
$14.12
Squeeze Status
No Squeeze

Takeaway:Fortescue Ltd trades above the trend line, showing healthy momentum within the channel.

Volume & Money Flow Analysis
On-Balance Volume-90.21M
Money Flow Index46.60Neutral, balanced money flows with no clear signal.
Relative Vigor Index49.99Neutral to Bearish, sellers hold a slight edge.

Overall Takeaway:FMG.AX shows neutral money flow, with no clear directional pressure.

Technical Trading Signals Summary
Based on the current technical analysis of Fortescue Ltd (ASX: FMG.AX), here are the key trading signals and recommendations:

Bullish Signals

RSI above 50 → positive momentum from buyers.

ADX above 20 → strong underlying trend.

Price trading above middle Bollinger Band → mid-term support intact.

MFI below 80 → room for more buying without overbought risk.

Bearish Signals

RVI below 50 → vigor tilted toward sellers.

Overall Recommendation:Technical indicators for Fortescue Ltd are mixed, suggesting a Hold or wait-and-see approach.

(ASX: FMG.AX) Technical Analysis FAQ