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Copper Industry Stocks Technical Analysis - FCXArchive
- 5/22/2026 -
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Freeport-McMoran Cp & Gld (FCX) Technical Analysis
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| Summary:
| | | Weekly : | | Daily : 
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| | It was the negative week for the Freeport-McMoran Cp & Gld (FCX). During the week, the FCX dropped -1.02 points, or -1.62%, and closed at 61.99 on Friday, May 22, 2026. Weekly volume was -33% below average.
 Long-term trend: [See FCX long-term trend chart]
A long-term uptrend had started on September 25, 2025 at 35.15 and reached 70.97 on April 20, 2026. FCX gained -35.82 points, or -101.91%, in 29 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 56.66 and resistance is at 71.75. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a long-term trend.
 Medium-term trend: [See FCX medium-term trend chart]
A medium-term downtrend had started on April 20, 2026 at 70.97 and reached 55.49 on May 4, 2026. FCX lost 15.48 points, or 21.81%, in 2 weeks. The price is now at the 41.99% retracement level.
 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. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. Use the following link to access a MACD help.
 Short-term trend: [See FCX short-term trend chart]
A short-term uptrend had started on May 4, 2026 at 55.49 and reached 68.85 on May 13, 2026. FCX gained -13.36 points, or -24.08%, in 9 days. The price is now at the 51.35% retracement level.
Daily Technical Indicators: [See FCX daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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 link to access Lane's Stochastic help.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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.
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