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Copper Industry Stocks Technical Analysis - FCXArchive
- 7/17/2026 -
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Freeport-McMoran Cp & Gld (FCX) Technical Analysis
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| Summary:
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| | It was the negative week for the Freeport-McMoran Cp & Gld (FCX). During the week, the FCX dropped -3.14 points, or -5.10%, and closed at 58.38 on Friday, July 17, 2026. Weekly volume was -14% below average.
 Long-term trend: [See FCX long-term trend chart]
A long-term uptrend had started on April 7, 2025 at 27.66 and reached 72.28 on June 17, 2026. FCX gained -44.62 points, or -161.32%, in 62 weeks. The price is now at the 31.15% retracement level.
 Medium-term trend: [See FCX medium-term trend chart]
A medium-term uptrend had started on September 25, 2025 at 35.15 and reached 72.28 on June 17, 2026. FCX gained -37.13 points, or -105.63%, in 37 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (61.48) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. FCX may retest the broken support line. It is considered to be a resistance line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.
 Weekly Technical Indicators: [See FCX weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since April 24, 2026. Use the following link to access a MACD help.
 Short-term trend: [See FCX short-term trend chart]
A short-term downtrend had started on June 17, 2026 at 72.28 and reached 56.00 on July 8, 2026. FCX lost 16.28 points, or 22.52%, in 21 days. The price is now at the 14.62% retracement level.
 Daily Technical Indicators: [See FCX daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. Daily Relative Strength Index and MACD have bullish divergence. Use the following links to access the Relative Strength Index and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Relative Strength Index and Williams' Percentage Range help.
The daily MACD line is below its signal line since June 22, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
 Candlestick pattern: [See FCX candlestick chart pattern]
On Friday the chart has formed a Bullish Meeting Lines Candlestick pattern. This pattern appears during a decline, and it is a sign that a potential bullish reversal is in play. The reliability of the Bullish Meeting Lines Candlestick pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bullish Meeting Lines Candlestick pattern during the last week.
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