Fortescue Ltd technical analysis
Technical analysis of Fortescue Ltd (stock) with the Montbon Method — Elliott Waves, moving averages and a 0–100 score.
What is Fortescue Ltd
Fortescue Ltd is a basic materials company engaged in the exploration, development, production, and sale of iron ore in Australia and internationally. The company operates rail and port facilities and is also active in the production of green energy and green hydrogen, as well as in green technology development and manufacturing. Fortescue Ltd was incorporated in 1983 and is headquartered in Perth, Australia.
Description generated automatically from public sources; it may be inaccurate or out of date.
Fortescue Ltd: latest session data
Closing values for September 3, 2026, computed on the last 12 months of prices.
Moving averages
21 sessions
17.32
−0.56%
50 sessions
17.82
−3.36%
200 sessions
19.64
−12.32%
Session levels
s2
16.64
Support
s1
16.80
Support
pivot
16.95
Pivot
r1
17.11
Resistance
r2
17.27
Resistance
How to read it
In the September 3, 2026 session Fortescue Ltd closed higher at 17.22 , +1.59% versus the previous session.
The price sits below every moving average observed: −0.56% against the 21-session average, −3.36% against the 50 and −12.32% against the 200.
The 14-period RSI reads 46.2, in neutral territory.
MACD stands at -0.238 against a signal line at -0.249: the histogram is positive (+0.011).
ADX reads 17.1, indicating weak directionality.
Levels computed on the latest session place supports at 16.80 and 16.64 and resistances at 17.11 and 17.27 , around a pivot of 16.95.
The average daily range (ATR) is 0.442 , or 2.56% of price.
Turnover was 8.1M shares, 104% of the 20-session average.
Over the last twelve months the price ranged between 16.57 and 22.53 , and today stands −23.56% from the period high.
Measures computed on closing prices. They describe the past; they are not forecasts.
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How Montbon’s technical analysis works
Montbon analyses markets with Elliott Waves, multi-timeframe moving averages and a 0–100 score summarising the technical setup. It is an informational screening tool.
Elliott Waves
Wave counting to frame the price structure.
MTF moving averages
Moving averages across timeframes to read the trend.
0–100 score
A technical summary of the setup, updated daily.
FAQ about Fortescue Ltd
How is Fortescue Ltd analysed technically?
Technical analysis of Fortescue Ltd is based on price charts and indicators such as moving averages, RSI and MACD, to observe trend, momentum and volatility across different time horizons.
Which timeframes are used for Fortescue Ltd?
The daily and weekly charts are typically used for medium-to-long-term trends, while intraday charts (for example 1-hour or 15-minute) are used for short-term movements.
What are Elliott Waves applied to Fortescue Ltd?
Elliott Wave theory describes price moves as sequences of impulsive and corrective waves; applied to Fortescue Ltd it helps frame the technical structure of the historical chart and is not a forecast.
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