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Copper Industry Stocks Technical Analysis - FCXArchive
- 8/14/2026 -
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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 -3.13 points, or -4.50%, and closed at 66.49 on Friday, August 14, 2026. Weekly volume was -42% 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 12.98% 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 trend support level is at 60.08 and resistance is at 73.57. 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 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. The distance between MACD and the signal line is low and getting smaller. 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 July 8, 2026 at 56.00 and reached 71.22 on August 10, 2026. FCX gained -15.22 points, or -27.18%, in 33 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 59.66 and resistance is at 72.85. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a short-term trend.
Daily Technical Indicators: [See FCX daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). 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.
The daily MACD line is above its signal line since July 20, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish 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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