The Greedy Trader Weekly Analysis
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Freeport-McMoran Cp & Gld
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Summary:
Weekly :Broken trend support line
Daily :Daily  MACD line has moved above its signal linePrice is near the Fibonacci 38.2% retracement levelThe price has declined below the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was the negative week for the Freeport-McMoran Cp & Gld (FCX). During the week, the FCX dropped -0.24 points, or -1.67%, and closed at 14.11 on Friday, December 01, 2017. Weekly volume was -39% below average.

Long-term trend: [See FCX long-term trend chart]
A long-term uptrend had started on June 2, 2017 at 11.05 and reached 15.75 on August 25, 2017. FCX gained -4.70 points, or -42.53%, in 12 weeks. The chart has formed a Descending Triangle chart pattern. The uptrend support line (15.64) 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 October 16, 2017 at 15.59 and reached 13.22 on November 15, 2017. FCX lost 2.37 points, or 15.20%, in 4 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 12.60 and resistance is at 14.40. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See FCX weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since November 10, 2017. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. 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 November 24, 2017 at 14.54 and reached 13.84 on November 29, 2017. FCX lost 0.70 points, or 4.81%, in 5 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance 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 declined below the moving average in the center of the Bollinger Bands. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 43.80
Williams' Percentage Range (W%R) 59.10
Lane's Stochastic (%D-Slow) 55.55
Greed/Fear Indicator (GFI) 46.75
Moving Average Converg./Diverg. (MACD) -0.10
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 37.34
Williams' Percentage Range (W%R) 52.50
Lane's Stochastic (%D-Slow) 34.16
Greed/Fear Indicator (GFI) 42.48
Moving Average Converg./Diverg. (MACD) 0.38
Trading Signals
Description Value Chart
Monthly Trendline Support 15.64
Monthly Trendline Resistance 15.44
Upper Bollinger Band 14.85
Weekly Trendline Resistance 14.40
50 Day Moving Average 14.36
Daily Stochastic Crossing 14.21
20 Day Moving Average 14.19
Price 14.11
Weekly Stochastic Crossing 14.09
Parabolic System 13.83
Lower Bollinger Band 13.50
Weekly Trendline Support 12.60
Sector and Industry
Description Name Rank
Sector Basic Materials 6
Industry Copper 28
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 14.54
High Date 11/24/2017
Low 13.84
Low Date 11/29/2017
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 14.40
Support 12.60
High 15.59
High Date 10/16/2017
Low 13.22
Low Date 11/15/2017
Description Value
Direction Up
Chart Pattern Descending Triangle
Status Broken Support
Resistance 15.44
Support 15.64
Low 11.05
Low Date 06/02/2017
High 15.75
High Date 08/25/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 3.52
Low Date 01/20/2016
High 17.06
High Date 01/24/2017
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 63.62
High Date 05/21/2008
Low 3.52
Low Date 01/20/2016
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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