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- 4/5/2024 -
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Freeport-McMoran Cp & Gld (FCX) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a fifth consecutive positive week for the Freeport-McMoran Cp & Gld (FCX). During the week, the FCX gained 2.45 points, or 5.21%, and closed at 49.47 on Friday, April 5, 2024. Weekly volume was 58% above average.
FCX is a member of Materials Sector. Materials is the 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 July 14, 2022 at 24.80 and reached 50.25 on April 4, 2024. FCX gained -25.45 points, or -102.62%, in 90 weeks. Price is near the trend high.
 Medium-term trend: [See FCX medium-term trend chart]
A medium-term uptrend had started on November 10, 2023 at 32.83 and reached 50.25 on April 4, 2024. FCX gained -17.42 points, or -53.06%, in 20 weeks. The chart has formed a Descending Triangle chart pattern. The uptrend resistance line (37.00) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 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. 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 Williams' Percentage Range help.
The weekly MACD line is above its signal line since March 8, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 5, 2024 at 36.75 and reached 50.25 on April 4, 2024. FCX gained -13.50 points, or -36.73%, in 30 days. The price is now at the 5.78% retracement level.
 Daily Technical Indicators: [See FCX daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Daily 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 daily 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. Use the following links to access Lane's Stochastic and Relative Strength Index help.
The daily MACD line is above its signal line since March 5, 2024. This is an indication that the short-term trend is up.
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