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Takip Edin: @UscMarketsFSUMF Stock Forecast & Fortescue Ltd Chart Analysis
This article provides a detailed analysis of FSUMF-Fortescue Ltd stock including a forecast for FSUMF shares. It features Fortescue Ltd technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
Stocks can be purchased through banks, brokerage firms, investment funds, and individual retirement systems.
FSUMF Historical Data Review
FSUMF Current Price Performance Analysis
The Fortescue Ltd - FSUMF stock traded on the American stock market, on 06-05-2024, closed at 16.12$ with a %0.75 increased compared to the previous day.
In the last month, the price of FSUMF changed by %-7.30 decreased in value, from 17.39 dollars on 05-06-2024 to 16.12 dollars, decreased.
Last year, the price of FSUMF was 13.74 dollars on 06-06-2023, and changed by %17.32 increased in value, to 16.12 dollars increased within a year.
The price of Fortescue Ltd stock is below both the 50-day and 100-day moving averages. Looks a bit grim for the medium and long term. Investors might want to tread carefully here, maybe give those risk strategies another once-over.
FSUMF with AI Stock Forecast & Price Target
On the FSUMF chart Fortescue Ltd price was recorded as 16.12 Dollars on 06/05/2024.
The artificial intelligence's forecast on FSUMF stock is as follows.
The artificial intelligence's prediction error margin for FSUMF stock is very high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for Fortescue Ltd stock over the next 4 months is: 16.0 Dollars.
The commentary on FSUMF stock Target Price: Highest: 18.785 Dollars is predicted.
The commentary on FSUMF stock Target Price: Lowest: 13.98 Dollars is predicted.
Resistance Price where Fortescue Ltd stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 06-20-2024 | 18.785 |
| 10-03-2024 | 14.771 |
| 12-17-2024 | 17.349 |
| 02-25-2025 | 15.734 |
Support Price where Fortescue Ltd stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 09-03-2024 | 13.980 |
| 10-18-2024 | 14.616 |
| 01-31-2025 | 14.904 |
| 03-17-2025 | 15.474 |
The commentary on FSUMF stock: Fluctuations in the target price can be expected in the coming days.
The target price for Fortescue Ltd stock by the end of 2024 is predicted to be 17.164 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on FSUMF stock, and the 2024 target price predictions for Fortescue Ltd are detailed above.
The technical analysis and charts for the commentary on FSUMF stock are below.
FSUMF Support & Resistance and Trend Analysis
FSUMF stock you have reviewed the technical analysis support resistance charts regarding.
FSUMF : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the FSUMF review, the Fortescue Ltd support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
Fortescue Ltd Support and Resistance Prices:
| FSUMF Support Level Price | FSUMF Resistance Level Price |
|---|---|
| 14.57 | 16.71 |
| 15.58 | 17.00 |
| 15.68 | 17.20 |
| 16.11 | 17.30 |
| 16.21 | 18.47 |
| 16.48 | 18.50 |
| 16.94 | 18.75 |
| 17.14 | 19.77 |
| 17.43 | 19.90 |
FSUMF Technical Analysis: SMA, RSI, MACD
Upon reviewing the FSUMF chart, buy and sell signals have been generated in the Fortescue Ltd technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for FSUMF stock are as follows:- The technical analysis for FSUMF indicates that the 14-period RSI has most recently generated a 'Sell' signal.
- The technical analysis for Fortescue Ltd indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Sell' signal.
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
You have read the comments, technical analyses, target prices, and financial reports for Fortescue Ltd stock: Click here to read more predictions on Tokio Marine Holdings stock.
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