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Copper Industry Stocks Technical Analysis - FCXArchive
- 9/4/2026 -
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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 -3.72 points, or -4.87%, and closed at 72.73 on Friday, September 4, 2026. It was the worst weekly loss since June 26, 2026. Weekly volume was -34% 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 80.24 on August 26, 2026. FCX gained -45.09 points, or -128.28%, in 47 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 61.71 and resistance is at 74.06. 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 uptrend had started on July 8, 2026 at 56.00 and reached 80.24 on August 26, 2026. FCX gained -24.24 points, or -43.29%, in 7 weeks. The price is now at the 30.98% retracement level.
 Weekly Technical Indicators: [See FCX weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since August 14, 2026. This is an indication that the medium-term trend is up. 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 August 26, 2026 at 80.24 and reached 71.45 on September 3, 2026. FCX lost 8.79 points, or 10.95%, in 8 days. The price is now at the 14.56% 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.
 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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