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Copper Industry Stocks Technical Analysis - FCXArchive
- 10/9/2026 -
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Freeport-McMoran Cp & Gld (FCX) Technical Analysis
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| Summary:
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| | It was a first positive week for the Freeport-McMoran Cp & Gld (FCX). During the week, the FCX gained 1.65 points, or 2.29%, and closed at 73.69 on Friday, October 9, 2026. It was the best weekly gain since August 21, 2026. Weekly volume was -31% 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 80.24 on August 26, 2026. FCX gained -52.58 points, or -190.09%, in 72 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 63.41 and resistance is at 82.33. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.
 Medium-term trend: [See FCX medium-term trend chart]
A medium-term downtrend had started on August 26, 2026 at 80.24 and reached 67.01 on September 14, 2026. FCX lost 13.23 points, or 16.49%, in 2 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (68.75) is broken. A broken support is considered to be a long-term bullish signal. 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 resistance line in a medium-term trend.
 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. 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 September 14, 2026 at 67.01 and reached 74.90 on September 22, 2026. FCX gained -7.89 points, or -11.77%, in 8 days. The price is now at the 15.34% retracement level.
Daily Technical Indicators: [See FCX daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.
The distance between the Bollinger Bands (7.76%) is close to one year low (7.19%). It is 62.03% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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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