We have a short term double top, RSI is heading down, and MACD is crossing down, so it's looking negative in the short term at least with a test of $23.50 looking likely.
So TA is pointing down, while the fundamentals are looking good with Fe prices improving.
There is the native title/royalties cash grab court case going on I wonder if that is having an impact. Could an adverse finding severely impact Fortescue bottom line? I don't know enough about it to say.
FMG Technical Analysis, page-11071
Add FMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$25.77 |
Change
0.200(0.78%) |
Mkt cap ! $78.72B | |||
| Open | High | Low | Value | Volume |
| $25.72 | $25.84 | $25.63 | $14.03M | 550.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 2520 | $25.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $25.77 | 1814 | 5 |
View Market Depth
| Last trade - 10.32am 03/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$25.74 |
Change
0.200 ( 0.63 %) |
||||
| Open | High | Low | Volume | ||
| $25.72 | $25.86 | $25.64 | 75739 | ||
| Last updated 10.53am 03/05/2024 ? | |||||
| FMG (ASX) Chart |