FXPO - Short continuation play Technical Analysis
Resistance above and breaking daily MA ribbon for a continuation play to 120
201.82 MEUR
1.15 BEUR
288.23 M
About FERREXPO PLC
Sector
Industry
Headquarters
Baar
Website
Employees (FY)
10 K
Founded
1960
ISIN
GB00B1XH2C03
FIGI
BBG000RHX853
Ferrexpo Plc engages in production, development and marketing of iron ore pellets for sale to the metallurgical industry. It holds interests in the Poltava Mining, Yeristovo Mining, and Belanovo Mining. The company was founded in 1960 and is headquartered in Baar, Switzerland.
Ferrexpo pays out massive dividend as profits surgeFERREXPO Tip: SPECULATIVE BUY Current price: 353.60 Target price: 450
Bullish points: - Lowly shares valuation
- Strong balance sheet
- High iron price
- Premiums paid on pellets likely to increase with stricter emission standards
- Strong ESG credentials
Bearish points: - Iron prices could fall
FXPO - Buy - Ferrexpo LSELooking at a long on FXPO, oversold on my indicators, shown some rejection from 100ma, although not a convincing move. That being said, positive growth is a plus for FXPO. Both weekly and daily charts are above the 200ma.
We may see another down day so looking for a positive move higher on high vol
FXPO is struggling to overcome resistance at 170 GBpPrevious gap was successfully closed but at the same time, several poor lows were created on the way up. Sellers might have some unfinished business at 164 GBp level and could continue opening short positions aggressively till 156 GBp level. In case of even small panic, we can expect retest of 149 G
FXPO partly recovered from selling and aims to close gap at 170Selling in LSE:FXPO ended on Monday and since then, buyers started to pile on moderately. In case of continues recovery above 163 GBp, potentially we could see a gap closure at 170 GBp.
FerrexpoCredit Suisse has upgraded their p/t to 55p and to a buy rating. However, I am contrarian and this market looks bearish.
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Frequently Asked Questions
Depending on the exchange, the stock ticker may vary. For instance, on BER exchange FERREXPO PLC stocks are traded under the ticker FEX.
FERREXPO PLC is going to release the next earnings report on Aug 7, 2024. Keep track of upcoming events with our Earnings Calendar.
One year price forecast for FERREXPO PLC has a max estimate of 2.60 EUR and a min estimate of 1.14 EUR.
FEX earnings for the last quarter are 0.37 EUR whereas the estimation was 0.37 EUR which accounts for 0.44% surprise. Estimated earnings for the next quarter are 0.17 EUR. See more details about FERREXPO PLC earnings.
Yes, you can track FERREXPO PLC financials in yearly and quarterly reports right on TradingView.
Like other stocks, FEX shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade FERREXPO PLC stock right from TradingView charts — choose your broker and connect to your account.
As of Apr 18, 2024, the company has 10.00 K employees. See our rating of the largest employees — is FERREXPO PLC on this list?