The relative strength indicator, momentum and MACD were all super high on the daily and have since come down a bit.It was to be expected as the Vale disaster created a massive impulse move.
The daily RSI is now diverging negatively.
The weekly signals are still very high which is also to be expected as the stock has remaines very high.
This thing from where I sit is priced pretty close for perfection so any kind of negative news will more than likely affect it more than normal.
All the good news looks to be priced in.
The close today wasn't bullish but it is also showing no signs of breaking down either.
If more good news is released and the stock fails to rally on it then its a bearish indicator.
Another night at the casino awaits.
FMG Technical Analysis, page-2905
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Last
$17.73 |
Change
-0.210(1.17%) |
Mkt cap ! $54.59B | |||
| Open | High | Low | Value | Volume |
| $17.86 | $18.00 | $17.67 | $106.1M | 5.956M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3136 | $17.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.76 | 10562 | 2 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |