The Greedy Trader Weekly Analysis
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Copper Industry Stocks Technical Analysis - FCX

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- 4/17/2026 -
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Freeport-McMoran Cp & Gld (FCX) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is strongly overboughtRelative Strength Index and MACD bearish divergenceWeekly  MACD line has moved above its signal line
Daily :Relative Strength Index is overboughtWilliams' Percentage Range and Lane's Stochastic are strongly overbought
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It was a fourth positive week after 3 consecutive negative weeks for the Freeport-McMoran Cp & Gld (FCX). During the week, the FCX gained 2.41 points, or 3.55%, and closed at 70.21 on Friday, April 17, 2026. Weekly volume was -16% below average.

FCX is a member of Materials Sector. Materials is the second most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See FCX long-term trend chart]
A long-term uptrend had started on April 7, 2025 at 27.66 and reached 70.71 on April 17, 2026. FCX gained -43.05 points, or -155.64%, in 53 weeks. Price is near the trend high.

Medium-term trend: [See FCX medium-term trend chart]
A medium-term uptrend had started on September 25, 2025 at 35.15 and reached 70.71 on April 17, 2026. FCX gained -35.56 points, or -101.17%, in 29 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 53.34 and resistance is at 79.31. 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 medium-term trend.

Weekly Technical Indicators: [See FCX weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. Weekly Relative Strength Index and MACD have bearish 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 weekly Relative Strength Index and MACD bearish 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.

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 March 19, 2026 at 50.79 and reached 70.71 on April 17, 2026. FCX gained -19.92 points, or -39.22%, in 29 days. Price is near the trend high.

Daily Technical Indicators: [See FCX daily technical indicators chart]
Daily Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index or strongly overbought daily Williams' Percentage Range and Lane's Stochastic. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since March 30, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current short-term uptrend is still strong, and momentum is beginning to wane.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 86.32
Overbought
Williams' Percentage Range (W%R) 6.90
Strong Overbought
Lane's Stochastic (%D-Slow) 93.15
Strong Overbought
Greed/Fear Indicator (GFI) 90.84
Strong Overbought
Moving Average Converg./Diverg. (MACD) 1.48
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.86
Bearish
Williams' Percentage Range (W%R) 4.20
Strong Overbought
Lane's Stochastic (%D-Slow) 48.77
Greed/Fear Indicator (GFI) 66.52
Moving Average Converg./Diverg. (MACD) 4.69 Bearish
Trading Signals
Description Value Chart
Monthly Trendline Resistance 79.31
Upper Bollinger Band 75.10
Price 70.21
Daily Stochastic Crossing 70.20
Parabolic System 66.29
Weekly Stochastic Crossing 62.17
50 Day Moving Average 62.13
20 Day Moving Average 61.67
Lower Bollinger Band 52.65
Sector and Industry
Description Name Rank
Sector Materials 8
Industry Copper 113
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 54.17
Low Date 03/30/2026
High 70.71
High Date 04/17/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 50.79
Low Date 03/19/2026
High 70.71
High Date 04/17/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 79.31
Support 53.34
Low 35.15
Low Date 09/25/2025
High 70.71
High Date 04/17/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 27.66
Low Date 04/07/2025
High 70.71
High Date 04/17/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 3.52
Low Date 01/20/2016
High 70.71
High Date 04/17/2026
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.