Freeport-McMoran Cp & Gld
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|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.