The Greedy Trader Weekly Analysis
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Freeport-McMoran Cp & Gld
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Summary:
Weekly :Broken trend support lineOversold sectorOversold industryLane's Stochastic is oversoldStochastic has raised above the signal line
Daily :Stochastic has raised above the signal lineDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SAR
Move cursor over the icon to see details.

It was a first positive week for the Freeport-McMoran Cp & Gld (FCX). During the week, the FCX gained 0.51 points, or 3.87%, and closed at 13.69 on Friday, September 14, 2018. It was the best weekly gain since June 29, 2018. Weekly volume was -8% below average.

FCX is a member of Basic Materials Sector. Basic Materials is the most oversold sector. FCX is a member of Copper Industry. Copper is the ninth most oversold industry. 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 January 20, 2016 at 3.52 and reached 20.25 on January 25, 2018. FCX gained -16.73 points, or -475.28%, in 105 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (18.12) is broken. A broken support is considered to be a long-term bearish 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 support in a long-term trend.

Medium-term trend: [See FCX medium-term trend chart]
A medium-term downtrend had started on January 25, 2018 at 20.25 and reached 12.18 on September 11, 2018. FCX lost 8.07 points, or 39.85%, in 32 weeks. The price is now at the 18.71% retracement level.

Weekly Technical Indicators: [See FCX weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish 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 weekly MACD line is below its signal line since March 9, 2018. This is an indication that the medium-term trend is down. 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 28, 2018 at 14.96 and reached 12.18 on September 11, 2018. FCX lost 2.78 points, or 18.58%, in 14 days. The price is now at the 54.32% retracement level.

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 rallied above the oversold signal line (%D). Such crossover is considered a bullish signal.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 37.58
Williams' Percentage Range (W%R) 47.50
Lane's Stochastic (%D-Slow) 49.90
Greed/Fear Indicator (GFI) 46.67
Moving Average Converg./Diverg. (MACD) -0.51
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 25.84
Williams' Percentage Range (W%R) 76.40
Lane's Stochastic (%D-Slow) 15.50
Oversold
Greed/Fear Indicator (GFI) 27.01
Moving Average Converg./Diverg. (MACD) -0.38
Trading Signals
Description Value Chart
50 Day Moving Average 15.18
Upper Bollinger Band 15.02
20 Day Moving Average 13.94
Price 13.69
Daily Stochastic Crossing 13.31
Weekly Stochastic Crossing 12.98
Lower Bollinger Band 12.97
Parabolic System 12.21
Sector and Industry
Description Name Rank
Sector Basic Materials 1
Industry Copper 9
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 14.96
High Date 08/28/2018
Low 12.18
Low Date 09/11/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 18.14
High Date 07/10/2018
Low 12.18
Low Date 09/11/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 18.38
High Date 06/07/2018
Low 12.18
Low Date 09/11/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 20.25
High Date 01/25/2018
Low 12.18
Low Date 09/11/2018
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 22.28
Support 18.12
Low 3.52
Low Date 01/20/2016
High 20.25
High Date 01/25/2018
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.

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